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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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Early investor commitment gave the manager the chance to ramp cheaper loans, sources said -
The manager is expected to price Penta CLO 17 at the tightest spreads of the year on almost all debt tranches
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US private equity group joins string of managers cashing in surge in loan value
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The bullish mood in Barcelona makes managers optimistic for faster tightening, shrugging off political risk
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Several managers are pushing spreads tighter through a quick succession of resets
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Celebrating a CLO market driven by technicals is like praising a merry-go-round for its mileage
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