Latest news
Latest news
Pricing on junior mezzanine notes is diverging as managers have to cope with difficult conditions
Manager extends non-call by a year, tapping into market for shorter-dated deals
Unparalleled European CLO market activity in 2025 compressed spreads and raised the possibility of a bigger standard for benchmark size. But, as Thomas Hopkins reports, leveraged loan market volatility will increasingly lead to tiering in the pricing different managers can achieve
More articles
More articles
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New entrants push into middle market funding as the BSL market slowly grinds tighter
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Bankers say managers should prepare for picky buyers as tighter spreads attract a broader range of resets
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Mezz spreads moved tighter last week but strong issuance is expected to keep triple-As steady
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The market has become crowded ahead of the US election
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Morale is high as investors say CLO managers should be able to navigate away from trouble, especially amid falling interest rates
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Deal means 2024 will break 2021's record for middle market CLO issuance
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Fair Oaks first listed the product in Germany
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Both managers had to widen guidance in certain parts of the capital stack
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The secondary market has tightened more and is riskier than it looks