US Leveraged Loan Sales Hit Record $986 Billion in Repricing Run.

In 2024, the US leveraged loan market saw a record $986 billion in debt issuance, primarily for reducing interest expenses on existing debt. Companies focused on refinancing current obligations or securing lower margins through repricing, reflecting a market dynamic of high demand and limited new debt supply. Despite strong issuance, the market size remained around $1.4 trillion, with only 10% of volume attributed to new money transactions like buyout financing. However, there is potential for increased acquisition activity in 2025 as the Federal Reserve is expected to continue lowering interest rates. [Extracted from the article]