CLO managers get a paper cut as Verso files for chapter 11

By James Harvey

A handful of CLOs will take a hit after paper manufacturer Verso filed for bankruptcy yesterday

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TAGS: Default

Comment by: Anonymous. Posted 8 years ago [2016-01-27 23:56:08]

From a broad perspective, the failure of paper companies can't be a surprise. I remember watching Quebecor spiral into bankruptcy 8 years ago with the common wisdom of the time being that paper use is declining.