Defense and cybersecurity contractor ManTech International ⁢Corp. has withdrawn⁤ its ⁢planned $2.3 billion leveraged⁢ loan ‍sale due to insufficient investor demand, ⁤sources familiar with ‌the matter report. The company is now pursuing funding options ​through private credit lenders.

The⁢ financing effort was initiated⁣ earlier ‌this ⁢month ⁣by ‌ JPMorgan Chase⁣ & Co., but⁣ failed to finalize before the November 20th deadline. Concerns among ‍investors center around ‌potential reductions in U.S. government ⁣spending​ and⁣ increased volatility within the broader credit markets,according ‌to ‍the sources,who requested anonymity ‍as thay ​are not⁤ authorized to publicly ⁢discuss the situation.

ManTech is a portfolio company ‍of‍ Carlyle Group. The leveraged loan market has faced headwinds in recent months as rising interest ‍rates and ⁢economic uncertainty have made investors more cautious.