US CLOs steam on with three new deals priced

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By David Bell
29 Aug 2018

The US CLO primary market has shown little sign of relenting in August, with three new deals already wrapped up by Wednesday, following six new deals and five reset/refinancing transactions last week.

CBAM wrapped up its eighth new issue of the year on Wednesday with a $503.75m deal arranged by Morgan Stanley, while Crescent Capital priced its $513.75m 2018-12 CLO via Jefferies.

CBAM’s deal, which had a short two year reinvestment period, priced the triple-A notes at 112bp over Libor ...

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