Junk Firms Seize on Drought in Buyout Debt to Slash Loan Costs
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Bloomberg's Aaron Weinman joins Katie Greifeld on "Bloomberg Real Yield." The energy-drink maker Celsius, the sneaker firm Skechers and other junk-rated companies are seizing on hot credit markets to secure better terms from lenders, sharply reducing the extra yield their loans offer compared to benchmark borrowing costs.