Borrowers who made the one-month Libor election at the beginning of the year saved only a bit of money

By Thomas Majewski, Eagle Point Credit Management

The spread between one-month Libor and three-month Libor has garnered a significant amount of attention in the CLO market this year. Indeed, some market prognosticators suggested that the difference between the two rates could have such an impact that it would shut down the primary CLO market. 

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TAGS: CLO Leveraged loans North America