Weak supply sparks borrowers to increase refis

摘要

A lack of new loan issuance and heavy demand for leveraged loans have created opportunities for issuers with strong credit profiles to increase the size of new refinancings by huge sums, extend maturities and lower borrowing costs. Low M&A volume means banks are looking for ways to boost fees before the end of the year. With interest rates remaining low, companies such as pharmaceutical investment firm Royalty Pharma and advertising tracking firm Nielsen are taking advantage of investor demand by doubling or tripling the size of their deals.