CLO refi volumes set to stress market capacity

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By Paola Aurisicchio
18 Feb 2021

A boom in CLO refinancing and reset volumes, alongside intense new issue activity, is leading to worries about whether banks, rating agencies, law firms and other deal parties have the capacity to cope.

As refi and reset activity picks up, observers are readjusting forecasts and predicting a banner year for volumes. Recent market conditions have led Bank of America to almost double its forecasts and warn about market capacity to process a massive volume. Earlier this month, analysts at the bank ...

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