The loan primary market is sizzling hot, just like the sidewalk. And the blowout financing for Apollo’s buyout of Arconic might help set the tone for a busy few weeks before Labor Day, according to sellside sources.

With growing optimism that the US might steer clear of a severe economic downturn, there is strong demand among credit investors, as shown by the recent surge in refinancing deals and loan repricings.

“The primary market just seems really hot,” said a lender. “Pretty much every deal out there is going anywhere from well to very well.”