Latest news
Latest news
Pricing widens on deal's triple-As, but tightens across most of the capital stack as mezzanine spreads stay tight
Deal is manager's first new issue euro CLO this year and has three triple-A rated tranches
Manager tightens spreads across some mezzanine liabilities and includes two triple-B rated tranches
More articles
More articles
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Horton to do CLO research for asset management giant -
Tightening spreads and insatiable demand are driving the US CLO market ever tighter
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CVC Cordatus refinanced for smaller amount but longer reinvestment period after tough 2020
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Booming market continues as Morgan Stanley announces refinanced CLO
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Three ex-Deutsche Bank senior managers are joining Wilmington
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CLO issuers are flooding into the market to refinance deals issued during the pandemic to lower their costs.
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RHI Magnesita, an Austrian refractory supplier, has linked interest rates on credit lines totaling €770m to a third-party ESG rating. ING acted as arranger on the deal.
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A data driven approach is emerging in a US CLO market struggling with the opaque or patchy environmental, social, and governance disclosures made in leveraged loans and the lack of standardisation. But a handful of CLO managers are developing scoring systems to add more rigour to their capabilities in a bid to meet growing investor demand for green securitizations.
