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U.S. Leverage Loan Market Takes off in July

Published on July 28, 2025

On July 21, 33 offerings totaling near $61 billion in leveraged loans made their way to the market as firms tried to take advantage of lower borrowing costs. The session was significantly larger than in January, which only reached $48 billion in deals. The leveraged finance market has fluctuated greatly this year, dropping in April as investors began to worry about tariffs and rising later in the summer as demand for floating rate debt began to rise.

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