Home Business & Finance Private Credit Squeezed By Bank Refinancings: Credit Weekly
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.
Credit Weekly Private Credit Squeezed (ORG) Credit Weekly (ORG) America (LOCATION) JPMorgan Chase & Co. (ORG) KBRA DLD (ORG)
Originally published by Bloomberg Markets Read original →