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00:02Many U.S. companies are refinancing debt earlier to lock and lower interest rates
00:07rather than waiting for further declines as economic and market conditions grow harder to
00:11predict, according to the Wall Street Journal. Credit spreads in the corporate bond market
00:16have narrowed to their smallest percentage since the 1990s, supporting refinancing activity as
00:21the Federal Reserve cuts rates amid slowing job growth. Concerns over volatility tie to fiscal
00:27policy uncertainty, inflation, disputes over Fed independence, and geopolitical tensions
00:32have pushed companies to act defensively. U.S. corporate debt refinancings reached roughly
00:37$425 billion in 2025, up 5% from the prior year and the highest level since 2020, according to
00:45Deologic. Companies, including Savers Value Village, Elanco Animal Health, and Hovnanian Enterprise,
00:51S. refinanced ahead of maturity to extend timelines, reduce interest costs, and secure liquidity
00:56while market conditions remain favorable. For all things money, visit Benzinga.com.
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