Latest news
Latest news
Manager takes advantage of tight spreads available for refinancings to cut triple-A pricing by 14bp
How securitization can help high LTV mortgage lending, and why is the CLO market so busy
Portfolio includes private credit transactions originated by Sona and broadly syndicated loans
More articles
More articles
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Leveraged loan prices have rallied from their post-war dip, with CLO demand remaining strong despite subdued LBO activity
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Deal was refinanced with very tight spreads in 2021 and has been out of reinvestment since 2023
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Deal includes one of the tightest triple-A prints since spreads widened due to the Iran war
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Pricing on triple-A notes lands 10bp wider than previous deal in the wake of Iran war
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Manager has already used its fourth captive equity fund to invest in five CLOs
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Manager tightens spread on triple-A rated notes by 23.5bp compared with the original deal
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Lower loan prices offer higher equity returns but managers face rally risk once deals are priced
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Despite the allure of lower loan prices, CLO managers should print deals cautiously
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Triple-A pricing widens by just 8bp from previous deal, in spite of the Iran war