Riskier Firms Seek a Record $95 Billion of Leveraged Loans (1)

The US leveraged-loan market has been busier than ever this week, with riskier borrowers launching $95 billion of deals in a year-end rush to further reduce borrowing costs.

Things started with $64.3 billion of debuts on Monday, nearly doubling the previous one-day high according to a Bloomberg-compiled data series dating to 2013. The prior weekly high of $78 billion was set in January 2020.

There have been a record 74 deal launches this week, including roughly a dozen Thursday morning that featured several acquisition financings. Cloud software company Zuora Inc. and The Travel Corporation unveiled sub-$1 billion transactions to help ...