Latest news
Latest news
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
More articles
More articles
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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
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Despite the allure of lower loan prices, CLO managers should print deals cautiously
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Triple-A pricing widens by just 8bp from previous deal, in spite of the Iran war
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Software loan sell-offs and the Iran war have caused US and European loans to price differently
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Manager adds almost €100m across the CLO's capital structure
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The triple-A rated notes' spread widened by 25bp compared to the original deal
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Spreads on CLO liabilities stay wide, making resets for deals from multiple vintages unattractive
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Fund is designed to invest in the equity in Bain’s CLOs, but can also invest in liabilities
