Leveraged Finance Markets Buck Summer Lull With Spate of Deals

Leveraged loan issuance is setting new summer records as buyout financing amps up and borrowers pursue opportunistic transactions like repricings while the market remains resilient and financing is cheap.

At least eight new leveraged loans deals launched Monday, along with five in the high-yield bond market, according to data compiled by Bloomberg. Proceeds from two of the loan transactions were to support leveraged buyouts, while a pair of junk-bond deals were to fund acquisitions.

Dealmakers say that borrowers are tapping a resilient and strong market earlier than anticipated and the coming weeks will remain busy, according to people familiar with ...