Morgan Stanley's commitment of $2.5B to CF Industries' (CF) bid for Terra Industries (TRA +5.3%)...

|About: CF Industries Holdings, Inc. (CF)|By:, SA News Editor

Morgan Stanley's commitment of $2.5B to CF Industries' (CF) bid for Terra Industries (TRA +5.3%) marks the biggest single-bank leveraged loan commitment this year - a big move in a leveraged lending market that fell apart two years ago. Loans to high-yield, high-risk borrowers dropped 89% in that time frame to $90.9B this year.