Tightening spreads revive middle market CLO issuance

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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