Prepayments pose reinvestment dilemma for CLO managers

By Michelle D'Souza

Thursday, September 05, 2019

CLO managers globally could be left sitting on piles of cash amid an uptick in loan prepayments. Standard & Poor’s reported that institutional US loan prepayments had hit $26 billion in July, and more recently some widely-held CLO names are set to return principal to lenders, with financial data provider Refinitiv US Holdings and Italian telecom operator Wind Tre taking this route.

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TAGS: Europe Refinancing Leveraged loans Primary market North America

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