Gulf Stream revives with first post-crisis CLO
Gulf Stream Asset Management has returned to the CLO market with its first deal since the financial crisis, selling senior bonds at 137bp over three month Libor on Tuesday.
The Charlotte, North Carolina-based firm priced the $554.42m CLO via JPMorgan. The top of the capital structure comprises a $352m senior 'A-1' class rated triple-A by Fitch Ratings and S&P Global Ratings.The bonds were priced at 137bp over three month Libor for the triple-A tranche, wide ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com