Mezz Keeps Tightening With LCM CLO

18 Jan 2013

Mezzanine tranches of new-issue collateralized loan obligations continued a recent rally with the pricing of LCM Capital Management’s $518.75 million deal.

Mezzanine tranches of new-issue collateralized loan obligations continued a recent rally with the pricing of LCM Capital Management’s $518.75 million deal, arranged by Morgan Stanley. The BB-rated, $21.25 million E class sold to yield investors 600 basis points over LIBOR, tighter than any B-rated tranche from broadly-syndicated-loan CLOs ...

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