Syndicated lending volume declined sharply for the first time in three years in the quarter that ended March 31 as the pace of corporate mergers and credit refinancings slowed.

Lending volume dropped to $143.9 billion, down 24% from a year earlier and 34% from the previous quarter, according to Loan Pricing Corp., New York.

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.