Europe Faces Its Own Maturity Wall

Clouse, Carol J.
September 2011
High Yield Report;9/5/2011, p16
The article focuses on the emergence of concerns on loan maturities due to the shutdown of the European leveraged loan market and forthcoming end of the reinvestment period of numerous collateralized loan obligations (CLO) in Europe in 2011. Standard & Poor's (S&P) analysts are predicting pressures in the CLO market to intensify due to general refinancing difficulties in the global capital markets. Documents that restrict reinvestment are one of the limitations on CLO.


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