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 avoids refinancing the majority of the triple-A rated notes -
◆ Scottish government bonds near ◆ CLOs and private credit ◆ Corporate hybrid debt reaches new tights
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Borrowers moving between the two markets create opportunities for both
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Syndicated leveraged loan and private credit markets share borrowers in a mutually beneficial way, but underwriting criteria could weaken
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Strong demand from investors allowed deal size to be increased
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Manager achieves tight print despite price widening relative to the original deal
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Partial refinancing tightens spreads on some triple-A notes by 20bp
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Thomas Hopkins discusses a vintage of CLOs being refinanced rather than reset, while Tom Hall talks about whether CMBS investors can share with banks
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Layton discusses why Pearl Diver decided to enter the SRT market in late 2025, the comparison with CLOs, and how 2026 is shaping up for the CLO market with George Smith
