Junk Firms Are Refinancing Debt Early on Fear Costs Will Rise

Junk-rated borrowers are refinancing approximately €3.7 billion ($4.3 billion) in debt at higher interest rates than previously available. These borrowers are proceeding with refinancing now rather than delaying, based on expectations that rates will increase further. The refinancing deals reflect current market conditions for lower-credit-quality borrowers seeking to manage upcoming debt obligations.

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