Latest news
Latest news
Lower pricing across CLO capital structure does little to improve equity arbitrage
Manager tightens triple-A pricing by 27bp and avoids refinancing some junior mezzanine notes
Spread on triple-A rated notes 4bp wide of recent tights
More articles
More articles
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Activity in secondary shows sector is 'robust' -
The European asset manager hired Robert Reynolds last year to build its platform
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Tripe A tranche priced slightly outside where deals landed before Global ABS
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Appetite for private-to-private M&A is growing again, but buyers need more confidence given macroeconomic backdrop
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Deal is being marketed but 175bp barrier could be tough nut to crack
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Triple-A tranche could land inside early June wave of European CLOs
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A pause in issuance could have helped arbitrage recover, but several managers took an unexpected leap ahead of summer
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The deal was the first to be completed since Global ABS
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CLO managers hold majority of the French grocer’s €1.4bn term loan B
