Refi time in CLOs as loan market slows

By Will Caiger-Smith
26 Mar 2015

Supply of new issue CLOs was steady this week but is still threatened by low loan supply and tightening loan spreads. Refinancings offer arrangers some hope, though.

Voya priced a refinancing of two CLOs from 2012 last Friday (March 20), through Citi. Several other refinancing transactions are understood to be in the market at the moment, according to Deutsche Bank analyst Bjarni Torfasen.

Voya’s refinancing will bring the deals into compliance with the Volcker ...

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