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New team formed of nearly 40 hires will expand Orrick's structured finance capabilities
First development bank securitization to include senior triple-A notes
Response on EBA website to a 2021 question blocks conditional sale agreements
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More technical tailwinds for deal flow and tightening have emerged
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Longstanding private equity and direct lending firm is the first new entrant of the MM CLO market so far this year
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US banks dominate in booming market though lack of loans may slow dealmaking in second half
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Arrangers expect busy months and tightening spreads, Luis Leon Carsi, co-head of EMEA CLO primary at Jefferies, told GlobalCapital
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Several managers are marketing deals at 135bp
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Strong demand helps riskier deals get done, but mezz guidance widened
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However well it does, the market cannot shake off its 'risky' tag
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Private equity and debt firm launches deal into pipeline dominated by BSL CLO resets