US Securitization
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Issuance will get back to breakneck pace until October — but not until later next week -
The trader previously spent 15 years at Credit Suisse
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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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Bankers expect onslaught of issuance after July 4 holiday as just four issuers tap US ABS this week
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US banks dominate in booming market though lack of loans may slow dealmaking in second half
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LA developer raised $875m backed by multifamily properties in Los Angeles and Chicago
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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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The transaction, totaling $786m, comes during a slow time for the CRE CLO market.
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Roark-backed business finds broad demand in a week when other issuers had to widen
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Several managers are marketing deals at 135bp
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Over $1.5bn combined of SASB and conduit deals priced ahead of the holiday-interrupted week.
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Company's first securitization since 2021 is a rare first lien Heloc-backed deal totaling $306m
