Borrowers are taking advantage of demand for loans to reprice deals they originally brought to market as recently as a few months ago.

Coupon spreads on new issues have narrowed considerably since the early summer, leaving some issuers who came to market before then with a sense of buyer's remorse. Repricing a loan can be likened to returning to a department store with an item purchased before it went on sale and demanding a refund of the price reduction.

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