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LevFin CLOs

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BWICs spike and spreads widen but market remains constructive
Resets and refis prominent in pipeline as loan market softens, offering respite from repricing wave
Dasha Sobornova joins from Akin Gump with experience across asset classes
Trade body for levfin investors turns to leading rating analyst
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  • Loans bankers working on a $500m refinancing for Sateri Holdings are now in discussions with potential lenders in Asia and Latin America about joining the deal, but they have still not come up with a firm deadline for commitments.
  • Standard Chartered has given Cristian Jonsson, its global head of bond syndicate, the top loans job at the firm, replacing Philip Cracknell, who is now planning to retire.
  • It’s usually European politicians that get it in the neck for being blind to Europe’s debt-shaped problem. But is the LBO market equally guilty?
  • Octagon Credit Investors is raising a $521.8 million collateralized loan obligation, hiring Deutsche Bank to arrange the deal.
  • A weekly roundup of securitization sectors with year-to-date totals in ABS, CMBS, RMBS and CLOs in the U.S. and Europe.
  • Money manager BlackRock has hired three veterans of the infrastructure finance market to launch a European infrastructure debt investment team in response to demand from institutional investors.