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Apollo and Sankaty bid for Stanfield CLOs, reports Bloomberg
Friday, April 9, 2010
Bloomberg reports that Apollo and Sankaty are in the running to buy Stanfield Capital’s CLOs which, as Creditflux first reported the manager is looking to sell. It adds that the sale is being arranged by Berkshire Capital Securities.
Bloomberg reports that Apollo and Sankaty are in the running to buy Stanfield Capital’s CLOs which, as Creditflux first reported the manager is looking to sell. It adds that the sale is being arranged by Berkshire Capital Securities.
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CFlux secondary
CLO index levels:
| Index | 14 May |
|
| CFlux USD AAA | ↑ | 96.0 |
| CFlux USD AA | ↑ |
87.7 |
| CFlux USD A | ↑ | 85.1 |
| CFlux USD BBB | ↓ | 77.2 |
| CFlux USD BB | ↑ |
75.9 |
| CFlux USD EQ | ↓ | 76.7 |
