CLO issuers sound out euro market on new structures

Sprint_Adobe_575x375
By Tom Brown
16 Apr 2020

Several CLO issuers have been sounding out the European sector in recent days in the hope of issuing a deal, with Permira Debt Managers and Oaktree Capital both said to be marketing transactions.

The US CLO market has been reopening with a raft of new static CLO transactions, where managers do not actively manage the loans in the transactions. The European market has so far remained closed after the Covid-19 lockdowns.

“The outlook on portfolio companies is a bit starker here ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial