Why Credit Suisse is Playing it Safe on Risk Retention with CLOs

By Glen Fest

Rather than wait and see whether deals otherwise grandfathered can be refinanced after December 2016 without triggering compliance, it is issuing new deals with shorter non-callable periods.

Sign up today for access to member-only content -- unique and timely industry insight that only Leveraged Finance News can deliver.
  • one-month trial subscription
  • Free e-newsletters
  • Latest market data and statistics

Latest News

Prestige Brands Shopping $853M Loan

– Prestige Brands is putting a new $853 million term loan facility to refinance and retire a pair of existing loans, according to sources close to the deal.

Ahern Rentals Plans $500M Notes Offer

– Construction and heavy equipment leasing firm Ahern Rentals is heading to the high yield bond market with a $500 million second-lien notes offering, according to KDP Investment Advisors.

Investors Add to Loan Funds, Withdraw from Bond Funds

– As with the previous week, exchange traded loan and bond ETFs saw most of the love, while mutual funds were out of favor.

Houghton Mifflin Seeking $500M Acquisition Loan

– Education publisher Houghton Mifflin Harcourt Publishers has launched a $500 million, six-year term loan B that will help fund its acquisition of the education technology and services unit (EdTech) of Scholastic Corp., according to reports.

LFN People Database

Exclusive data on top players in capital markets

Dan Spinner

Portfolio Manager

Firm: Eagle Point Credit Management

In the news: Investors Want CLO Managers to Get Moving on Risk Retention

Search the People Database

Data Snapshot