Leveraged syndicated lending soared 6%, to $88.3 billion, in the second quarter from a year earlier, driven by a record number of financings for mergers and acquisitions.

Overall U.S. syndicated lending dipped 5.1%, to $276 billion. That put total loan volume at $476 billion for the year through June 30, about 6% behind last year's pace at this time, according to Thomson Financial Securities Data Co.

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