About two-thirds of amendments to syndicated loan agreements in December were for borrowers that broke or were about to break the original terms, according to a report by BankAmerica Corp.

The finding, culled from public documents, suggests that many corporations that failed to meet financial targets were forced back to the negotiating table with their creditors.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.