CLO reissues resurface with Canyon

By Paola Aurisicchio
13 Apr 2021

Alongside the rush of refi and reset activity, a third form of CLO refinancing is once again emerging, with Canyon Capital choosing to reissue a 2015 CLO as a new $420m deal called Canyon CLO 2021-2.

The deal, arranged by Goldman Sachs, sold the $240m A1 class of notes rated Aaa by Moody's at 107bp over three month Libor. In 2015 the triple-A notes were sold at 155bp over three month Libor. The life of the new deal has been extended for other five ...

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