GSO plans to bring single B CLO 2.0 tranche to Europe for the first time

By Sayed Kadiri

Friday, August 02, 2013

Fresh details and price talk have surfaced on GSO Capital’s second 2.0 European CLO

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Comment by: Mike Peterson. Posted 10 years ago [2013-08-05 14:26:34]

Deal documents suggest that Global Senior Loan Index Fund 1 can only buy loans that form part of the S&P Global Large Cap Term Loan Index and this is not just part of the ramp up strategy. The index itself lists the 125 largest issuers in the European loan market and the 125 largest issuers in the US market. A prospectus for the deal can be found on CLO-i.

Comment by: Anonymous. Posted 10 years ago [2013-08-03 14:25:13]

I'm not familiar with a CLO holding "loans referencing the S&P Global Large Cap Term Loan Index". What does this mean? As a guess, it seems that a CLO may be buying index-linked loans in its ramp-up period. That looks like a smart move to me to get "instant ramp-up" if the manager is then permitted to sell index loans gradually going forward as it adds individual bank loans. Any comments speaking to this ramp-up or other use would be appreciated!

CLOs

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