On Monday, the US leveraged loan market saw an unprecedented surge, with more than $56 billion in loans launched. This surpassed the previous record of $34 billion set just two weeks prior.

The surge was driven by 40 companies, including Jane Street Group and Discovery Energy Holding Corp., who were primarily focused on repricing existing loans. Notable transactions included a $4.23 billion repricing deal initiated by Inspire Brands, the owner of Dunkin' Donuts, and a $4.68 billion repricing by Culligan International Co., a water treatment firm.

The total activity in the leveraged loan market has now reached $56.8 billion, indicating a significant rebound in borrowing after Thanksgiving.