CLOs face losses as Constellis loan drops to 28.5

By Michelle D'souza

32 CLO managers hold $640.4 million of Constellis Holdings’ debt, which Moody's downgraded to C after the company missed an amortisation payment due 31 December

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TAGS: CLO Sound Point Carlyle Octagon THL Ellington Leveraged loans Performance North America

Comment by: Sam Robinson. Posted 1 year ago [2020-02-06 17:49:14]

Correction: an earlier version of this article mistakenly noted that Z Capital partners had purchased $4m of Constellis in October rather than $2m. This has now been updated.