Redding Ridge does without single B debt as it prices European CLO

By Hugh Minch

RRE 2 has an unusual debt structure for a European transaction, with the CLO opting against a single B tranche. At the opposite end of the structure, the triple As are issued in senior and junior tranches which priced at 113 and 150 basis points over Euribor respectively

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TAGS: Europe CLO Citi Apollo Pricing Primary market Redding Ridge

View details on CLO-i: RRE 2