Latest news
Latest news
CLOs are eschewing loans with even a whiff of credit risk, creating a gap in the market for wily investors
Manager takes advantage of tight mezzanine liability spreads to reset CLO after its reinvestment period ended
The first reset of a European private credit CLO, the rise of CFOs, and the plight of US ABS issuer Extenet
More articles
More articles
-
Leveraged loan prices have rallied from their post-war dip, with CLO demand remaining strong despite subdued LBO activity -
Deal was refinanced with very tight spreads in 2021 and has been out of reinvestment since 2023
-
Deal includes one of the tightest triple-A prints since spreads widened due to the Iran war
-
Pricing on triple-A notes lands 10bp wider than previous deal in the wake of Iran war
-
Manager has already used its fourth captive equity fund to invest in five CLOs
-
◆ Fast money reverses out of SSA bond market ◆ CLO managers face risky ramp startegy ◆ Corporate hybrid bond market runs hot despite volatility
-
Manager tightens spread on triple-A rated notes by 23.5bp compared with the original deal
-
Lower loan prices offer higher equity returns but managers face rally risk once deals are priced
-
Despite the allure of lower loan prices, CLO managers should print deals cautiously
