A Trillion Here, A Trillion There

So what happens to corporate debt when it matures? To maintain its capital structure, most companies refinance the maturing debt with new debt. In the next four years, the total amount of debt needed to refinance existing debt as well as fund growth is expected to be $46 trillion combined in the U.S., Euro zone, U.K., Japan, and China. $30 million is expected to be needed to refinance maturing debt, and $13 to $16 trillion needed for growth. China leads the way with $16 to $18 trillion, while U.S. companies will need only $13 to $16 trillion. http://www.standardandpoors.com/ratings/articles/en/us/?articleType=HTML&assetID=1245333370039