CLOs face losses as Constellis loan drops to 28.5

By Michelle D'souza

Friday, January 10, 2020

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

Subscriber-only article

This article is available only to Creditflux subscribers and free trial users within 30 days of publication.

Already a subscriber? Not logged in? Click here to login.

If you have not already done so,
you may request a FREE TRIAL by clicking here

This trial will give you:
  • 4-weeks' free online access to our
    most recent subscriber-only articles
  • Daily breaking news alert sent by email
  • A print copy of Creditflux

If you currently have a free trial, you will see this message when you try to view articles older than 30 days.

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

Comment by: Sam Robinson. Posted 11 months 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.

Related Stories

CLOs

more stories...