Although the current syndicated loan and high-yield debt markets are booming, they remain largely unavailable for “turnaround” situations and lower middle-market borrowers seeking to raise funds, according to the Financial Restructuring Quarterly Update report Morgan Joseph TriArtisan issued on Monday.

“No question that some borrowers are feeling left behind in the current market,” said James Decker, managing director and head of Morgan Joseph’s financial restructuring group.

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