CLO managers brace themselves for Acosta bankruptcy

By Michelle D'souza

Tuesday, November 19, 2019

CLOs hold $402.5 million exposure to Acosta, a sales and marketing agency that is looking likely to file for Chapter 11 bankruptcy soon. A total of $163.7 million of Acosta’s term loan left the hands of CLOs in 2019

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TAGS: CLO Distressed debt Leveraged loans Performance North America

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