Ardonagh Group refinances $1.2 billion amid mortgage market shifts

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Ardonagh Group refinances $1.2 billion amid loan market shifts

This newest financing highlights rising competitors between personal credit score suppliers and funding banks for offers, Bloomberg says. In line with a December report from JPMorgan, in 2024 alone, roughly $34 billion in broadly syndicated loans have been refinanced by direct lenders, whereas $30 billion in personal credit score loans shifted to banks.