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Agreement includes accordion facility
The financing follows the completion of site's construction
Technicals strong and CLO issuance continues, though participants stay cautious on loan selection
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There's little consensus on the impact broader volatility will have on CLO and leveraged loan markets -
The refinancing secured a 40bp discount
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Managers will need to be proactive in a market that can violently turn
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Move from guidance happened before broader volatility took hold as investors become more hesitant
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Tuesday brings confidence as BWIC activity suggested slight reduction in volatility
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Pricing of classes 'E' and 'F' was pushed to later in week as HSBC arranges CLO for first time in a decade
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