Daily News: January 30, 2018

U.S. Leveraged Loan Market Heating Up, Prices Falling

Reuters reported that strong appetite CLO funds has led to downward prices for leveraged loans.

As an example, Reuters pointed to Crown Holdings, which recently secured better terms on a dollar tranche loan and a euro tranche loan. According to Reuters, because of the high level of demand, Crown priced both loans with no discount.