Tighter spreads open doors to more single-B tranches

tight pricing
By Paola Aurisicchio
01 Mar 2021

Spread tightening on double-Bs tranches has created a domino effect, increasing the investor demand for the riskier tranches rated single-B.

A handful of CLO managers have recently added single-B tranches to the structures of their new US CLOs, and more market players are mulling the structure for deals in the pipeline.

Blackstone Credit, formerly know as GSO Capital Partners, has brought to new life to its 2017 vintage ...

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