CLOs gain momentum as managers see mid-summer pricing window

By Paola Aurisicchio
20 Jul 2020

Wellfleet Credit Partners and Carlyle Group priced new CLOs last week, adding to a growing pool of new deals that have cleared the pipeline in recent weeks as investors and managers settle into a stabilized market, according to sources.

Wellfleet priced a $397m CLO via Credit Suisse last Friday that includes $240m of senior notes. The bonds were sold at 185bp over three month Libor. The CLO has three year reinvestment period. 

Carlyle, meanwhile, priced a $499m CLO, the second largest since the pandemic after a deal from ...

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