Marketplace Corporations expected to take on record debt in 2026
13 snips
Jan 6, 2026 
Justin Howe, a savvy Marketplace reporter, dives into the anticipated surge in corporate debt for 2026 as companies look to refinance and invest in AI. He sheds light on how businesses are balancing cash flow while navigating economic uncertainty. Meanwhile, Elizabeth Troval takes us to Texas, where pitmasters contend with skyrocketing brisket prices that are reshaping menus and challenging their margins. The conversations are rich with insights about the financial pressures facing companies and small businesses alike.
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Why Corporate Debt Is Soaring
- Corporations plan record debt issuance in 2026 to refinance, fund M&A, and finance AI-related CapEx.
- Investors are buying now because they expect strong corporates and eventual Fed rate cuts, but higher yields would curb issuance.
Refinancing Wave From Pandemic Borrowing
- Much pandemic-era cheap debt is maturing in 2026, forcing firms to refinance at higher rates.
- Companies also plan more debt-financed mergers and acquisitions this year, boosting supply.
AI Spending Ripples Through Suppliers
- AI and data-center buildouts are driving large capital expenditures across tech and suppliers.
- Heavy equipment and infrastructure vendors are issuing their own debt to supply that CapEx expansion.