The US primary loan market is seeing a swell of activity in the wake of President-elect Donald Trump’s decisive win last week and a growing number of borrowers are seizing this opportunity to refinance their existing private credit facilities.

That’s not to say private credit has lost its shine, but a trio of companies, including fund administration platform Gen II Fund Services, educational software vendor Ellucian and manufacturer Signia Aerospace, are taking advantage of rallying credit spreads and the interest rate cut by the Federal Reserve this month to lock in cheaper financing from the broadly syndicated market.