Cairn Capital prices new European leveraged loan CLO
Arranging bank Credit Suisse priced the four debt tranches in Cairn Capital’s new leveraged loan CLO late on Tuesday more or less in line with revised guidance. The deal created a wealth of investor interest, but CLO specialists say the twin obstacles of regulation and lack of collateral are still a drag on an immediate market revival.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast