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Corporate Refinancing Surges Amid Prolonged Higher Interest Rates

 ·  1 min read

Multinational corporations are expediting debt refinancing schedules to lock in current borrowing terms before a significant wall of maturities arrives over the next eight quarters.

Capital Structure Reallocation
Treasury departments are increasingly issuing private placement debt and convertible bonds to lower coupon costs. Firms with heavy capital expenditure requirements are scaling back non-core acquisitions to protect leverage ratios.