Slow pace of loan prepayments increasing CLO tranche WAL, finds Barclays

Prepayment rates in the leveraged loan market have dropped to post-financial crisis lows, thereby increasing CLO debt tranches' weighted average life and slowing the pace of amortization for deals that have left reinvestment, according to new research published by Barclays

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TAGS: Research CLO Barclays Leveraged loans North America