TRLPC: US loan volume sank in Q1 as refis faded, regulations bit

March 31, 2015 4:33 PM

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NEW YORK, March 31 (Reuters) - U.S. syndicated loan issuance sank to a two and a half-year low in the first quarter, as fewer companies refinanced debt and banks kept a lid on deals that regulators consider risky.

Companies borrowed $350 billion in the syndicated loan market so far this year, down 27 percent from around $480 billion in last year's first quarter, even with mergers and acquisitions heating up, according to Thomson Reuters LPC. M&A was concentrated in the investment grade sector.

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