TITLE

Pending Loan Maturities May Spur Primary CLO Issuance

AUTHOR(S)
Nugent, Elizabeth
PUB. DATE
October 2010
SOURCE
High Yield Report;10/4/2010, Vol. 21 Issue 40, p20
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article discusses an increase in the issuance of collateralized loan obligations (CLOs) because of pending loan maturities in the U.S. in 2010. It identifies CLO investment as a significant component to capacity in the leveraged loan market. It expects the trend to curtail the proceeds available to purchase leveraged loans and cut the supply of dollars to the market. The article also addresses the impact of pending maturities with amend and extend agreements on CLO investors.
ACCESSION #
54279767

 

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