Corporate America Announces Record $201 Billion Stock Repurchases, $160 Billion Leveraged Loans in May

May 31, 2024, 08:50 PM

Corporate America disclosed plans to repurchase $201 billion of its own stock in May, the highest amount ever for the month, according to data compiled by Birinyi Associates. This surge in stock repurchases marks the highest rate in almost two years for S&P 500 firms. Additionally, firms priced $160 billion of leveraged loans in May, the most since Bloomberg began tracking broadly syndicated loan launches in 2013. Risky loans have topped credit markets after this record-breaking month.