Leveraged loans, mostly used for revolving credit lines and term loans for midsize companies, are rebounding, said GE Capital Markets Managing Director Sage Nakamura. He cited September's volume, which hit the highest point in three years. Year-to-date data are positive as well, with leveraged-loan volume reaching $162 billion, compared with $49 billion last year. "In today's market, a combination of greater lender willingness to deploy capital, strong investor demand for loans and historically low interest rates is driving a favorable environment for borrowers," Nakamura said.
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