TITLE

BlueMountain Closes on $361M CLO

AUTHOR(S)
Colter, Allison Bisbey
PUB. DATE
August 2011
SOURCE
High Yield Report;8/22/2011, p2
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the collateralized loan obligation (CLO) managed by BlueMountain Capital Management including the recently closed 361 million U.S. dollars BlueMountain CLO 2011-1. It notes that this is the fourth brought to market and the first since the financial crisis. CLO issuance for 2011 is 8 billion U.S. dollars as analysts reconsider their forecast for full-year issuance. It refers to CLOs as an attractive and diversified means for investors' exposure to the corporate loan market.
ACCESSION #
66187585

 

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