Credit-stressed corporate borrowers have been told for weeks that the bank loan market is open for business and that there is no credit crunch.

But with prices for some leveraged loans having soared as much as 75% since the summer, many borrowers are finding that the credit lenders have been dangling is a costly proposition.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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