Kicking the tyres: CLOs survive examination as bankruptcies tick higher

By Michelle D'Souza

US CLOs are weathering the turbulence triggered by a couple of bankruptcies in the broadly syndicated loan universe, namely US retailer Sears and American Tire Distributors. Those bankruptcies, filed on 15 and 4 October, respectively, have failed to dent CLO structures

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TAGS: Performance Default North america Leveraged loans Clo