NEW YORK -- The U.S. is showing signs of a credit crunch for high-risk corporate borrowers as tariffs and recession fears rattle investors that had grown complacent about default risks.
On Tuesday, the eve of President Donald Trump's sweeping "reciprocal" tariffs, U.S. investment firm Silver Point Capital announced a $500 million loan facility for compatriot Lakeview Farms for an acquisition and debt refinancing. Lakeview had tried to raise funds from a broader base of investors through leveraged loans, only to be stymied by market turmoil.
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