Cairn Capital prices new European leveraged loan CLO
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Cairn Capital prices new European leveraged loan CLO

Arranging bank Credit Suisse priced the four debt tranches in Cairn Capital’s new leveraged loan CLO late on Tuesday more or less in line with revised guidance. The deal created a wealth of investor interest, but CLO specialists say the twin obstacles of regulation and lack of collateral are still a drag on an immediate market revival.

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