strategic and private equity M&A transactions dominated the media headlines on what seemed like a daily basis, acquisitions related lending activity accounted for 29% of total proceeds and refinancing, 22%. Among the top 20 loans of the quarter, 12 deals were refinancing related. Some huge-name refinancing borrowers included GMAC Mortgage, Wal-Mart, Dubai World, Morgan Stanley and UPS. In terms of sectors, Energy and Power borrowers led with 123 billion dollars in proceeds, or 20%, …