Liability management is continuing with its fast pace from last year. All of that work was driven by market challenges. But in the last month, we saw the first sustained optimistic period in debt in at least 18 months. Companies that were already over-levered or facing difficulties were already looking at liability management. Now that capital markets have started to open up, we are seeing companies that are doing well seeing the first opportunity to reprice their debt or extend debt maturities in some time.
"There will be new issuances and refinancing and repricing types of transactions," Sobolewski said. "That stays hot as long as the markets stay open."
As noted by Am Law, last week's corporate debt offerings added up to about 12, a high mark compared to the weekly count over the course of the past several months.
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