Carlyle seeks cov-lite amendment
Carlyle is attempting to get an amendment on a 2015 CLO, Carlyle Global Market Strategies Euro 2015-3, to raise the covenant-lite limits in the deal to 90% from 80%.
The amendment would bring the deal into line with a number of new issue European CLOs. Alongside the raising of cov-lite limits the manager also wants to increase the bucket for senior secured obligations to 92.5% from 90%.Given Carlyle tends to run a fairly high level of ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com