The market is booming, and European junk-rated companies are scrambling to lower their loan costs.

Restaurant Brands Europe, the operator of Burger King, eye care service provider nexeye, and auto parts manufacturer Parts Holding Europe, are all seeking to reduce the interest rates on their euro-denominated term loans by 25 to 50 basis points. The fertility chain Ivirma also plans to reprice its borrowing—and add a new term loan equivalent to 50 million euros on top of its existing debt; meanwhile, MotoGP Sports is attempting to further lower its current interest rate, which is 275 basis points above the benchmark rate.