Business & Finance
Private Credit Squeezed By Bank Refinancings: Credit Weekly
Key Points
Private Credit Squeezed By Bank Refinancings: Credit Weekly Highly-indebted companies are increasingly ditching private credit loans for cheaper capital in the bank loan market, a shift underscoring the stark realities of higher-for-longer interest rates. Corporate America’s effort to limit its interest burden is showing up in refinancing data from JPMorgan Chase & Co. and KBRA DLD. Companies with private debt are refinancing in the syndicated market about three times more often than firms...
Private Credit Squeezed By Bank Refinancings: Credit Weekly
Highly-indebted companies are increasingly ditching private credit loans for cheaper capital in the bank loan market, a shift underscoring the stark realities of higher-for-longer interest rates.
Corporate America’s effort to limit its interest burden is showing up in refinancing data from JPMorgan Chase & Co. and KBRA DLD. Companies with private debt are refinancing in the syndicated market about three times more often than firms with syndicated loans are tapping private credit, the data show.