More than half the total loan volume of $1.02 trillion has come through refinancing, meaning this isn’t exactly fresh money that’s hitting street but rather rollovers from previous debt.
The total refi amount of $542 billion is a 143 percent increase from the same period in 2010.
California helped put volume over the top with a $5.4 billion bridge loan, while Express Scripts on Monday announced a $14 billion facility to help in its acquisition of Medco Health Solutions , which will be the fourth largest loan of the year.
Dealogic says JPMorgan chase leads bookrunners for loans, with a 22.7 percent share.
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