KKR eyes tight pricing for CLO reset

By Tom Brown
27 Aug 2019

KKR Credit Advisors is resetting its Avoca CLO XVIII, a €570.73m euro CLO, with the senior notes guided at 99bp-102bp.

The firm is the latest manager to seek a CLO reset after PGIM, Pinebridge, Spire Partners and Och-Ziff all opted to refinance or reset CLOs as the market died down in the last weeks of August.

"It is a very quiet market at the moment," said a ...

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