KKR eyes tight pricing for CLO reset
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 ...Please take a trial or subscribe to access this content.
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