Latest news
Latest news
Manager resets Penta CLO 7 and adds €25m to Penta CLO 23, issuing single-Bs at par on both
Triple-A pricing barely moves on either deal, but spreads tighten further down the capital structure
S&P Global Ratings' Andy South gives his outlook for European ABS, and the regular trio talk about Italian ABS, frantic CLO issuance and a passing of the torch
More articles
More articles
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Pricing on triple-A notes 3bp wide of Signal’s previous new issue -
Matthew Layton, a partner at Pearl Diver Capital, joins AFM to discuss how investors are approaching CLO equity investments
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A Japanese anchor investor bought the deal’s senior triple-A rated notes
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Manager prices deal close to market tights, although single-B investors receive higher par subordination than usual
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Single-B rated notes needed a greater discount than planned
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Manager refinances 2023 deal, reset in 2024
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Many CLO equity investors face twin blows of par losses and weak cash-on-cash distributions
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Reset includes multiple triple-A, triple-B and single-B tranches
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Manager prices reset for 2019 deal that was refinanced in 2021 with tight liability spreads
