New US CLO Issue: Tightest Pricing of US CLO BB Tranche Since Late 2015, Adjusted for Market Conditions
September 28, 2023
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The recent pricing of a 5-year reinvestment period deal – OHA Credit Funding 16 CLO – heralds a new tight BB level (SOFR + 675DM) since late 2015, when Madison Park Funding XVIII’s BB tranche was priced at 635DM (based on LIBOR), adjusting for market conditions.
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