Tightening spreads revive middle market CLO issuance

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By Paola Aurisicchio
21 Oct 2020

The middle market CLO segment is slowly regaining momentum, with more managers coming back to the market to take advantage of tighter spreads and a clearer picture of the financial impact of coronavirus on middle market companies.

First Eagle Alternative Credit is the latest manager to have closed a deal, pricing a middle market CLO on October 16 after more than a year since its last middle market offering.

The deal, Lake Shore MM CLO III, is a $318m transaction arranged by Citi and ...

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