Leveraged Loan Market’s $64 Billion Day Smashes Record (1)

The US leveraged-loan market had a record $64.3 billion of deal launches Monday, nearly doubling the prior high set just two weeks ago, as firms take advantage of a still-friendly environment to borrow.

Most of the 43 transactions brought were to reprice existing loans. Some of the biggest, topping $4 billion each, were from Dunkin’ Donuts owner Inspire Brands and water-treatment firm Culligan International Co. Meanwhile, Jane Street Group unveiled a $4.2 billion deal to extend a loan and raise fresh cash.

Seven more launches occurred Tuesday morning, meaning the market has already topped its prior weekly record of 46 ...