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Even leveraged deals still being underwritten, though banks are selective
Liquidity event at American manager comes at fraught time for industry
Major sectors in leveraged loans are trading down, making shrewd credit selection vital
Deal could include $950m of bonds
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Return of Japanese buyers to European CLOs could be catalyst for upturn in levfin’s fortunes
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Pressure to increase returns is driving international expansion as Japanese banks position for growth and hopes rise of more M&A activity from their domestic clients
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Spreads are tighter, but expensive loans still squeeze the arbitrage
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Retailer issued its second subprime transaction of 2023 amid unsecured debt exchange
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Issuers aim to price their deals near where Bain Capital's CLO landed this week
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Christian Aid dumping Barclays for fossil fuel finance highlights bank’s unclear progress