CLO primary picks up with flurry of static and shorter reinvestment deals

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By Paola Aurisicchio
27 Apr 2020

US CLO managers are navigating the wave of negative outlooks and headlines to bring new deals, with the primary market in April dominated by static transactions and CLOs with shorter reinvestment periods.

In the last two weeks, Guggenheim Partners, AGL Credit Management, Redding Ridge Asset Management, PGIM and Canyon Capital have all priced deals with shortened reinvestment periods for a total of $1.4bn in new issuance. 

The reinvestment period for the deals ranged from one to three years, with the exception ...

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