Repricings resurface despite new issuance

摘要

At least three US companies including warehouse retail store bj's wholesale club are cutting borrowing costs on existing term loans after a surge in new money issuance put a brake on opportunistic repricing and refinancing transactions in July. July saw 139 US companies turning to the leveraged loan market to back buyouts and raise new debt, according to Thomson Reuters LPC. However, not a single issuer attempted to cut pricing on existing loans.