Davis Polk partner John Meade was quoted in International Financial Law Review discussing debt capital markets data in 2020. Meade noted that many companies, especially transportation companies, stocked up on cash in the hope that they would have enough to see them through the downturn. He noted that by the end of the year, there was less cash piling from companies of all sectors and more opportunistic refinancing.

“LMG Analytics: debt issuance down in banking sector,” IFLR (February 18, 2021)

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