Quick! Avaya has ignited and $1 billion of CLO assets are at risk

By Charlie Dinning and Sam Robinson

Thursday, August 18, 2022

Sparks are flying in the leveraged loan and high yield market after communications company Avaya Holdings slashed its forecasted earnings mere weeks after syndicating new debt. The rapid decline of Avaya's debt has left CLO managers little time to avoid the blaze

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TAGS: CLO Angelo Gordon Sculptor Anchorage Ares Octagon Nuveen Palmer Square Leveraged loans North America

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