JPMorgan Chase has copped the distinction for the largest leveraged-loan commitment by a single bank this year from Morgan Stanley, Bloomberg reports. JPMorgan has agreed to loan Denbury Resources up to $2.85 billion to finance its offer for Encore Acquisition. The deal tops Morgan Stanley’s $2.5 billion loan to CF Industries Holdings for its hostile bid for Terra Industries. Both loans indicate that banks are beginning to regain their appetite for using their balance sheets to finance acquisitions.

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