THL to refinance firm’s second CLO deal of year; high-grade secondary market volume picks up

By Cristal Cody

Tupelo, Miss., June 29 – THL Credit Advisors LLC plans to refinance $416.3 million of notes from a 2013 vintage CLO in its second refinancing of the year.

More than $80 billion of vintage U.S. CLOs have been refinanced year to date, according to market sources. The space is expected to remain active into the fall, sources report.

Securitized secondary trading has been active over the week with $108.79 million of investment-grade CBO/CDO/CLO securities and $104.58 million of non-high-grade issues traded on Wednesday, according to Trace.

During Tuesday’s session, trading volume included $68.79 million of high-grade issues and $120.73 million of non-investment-grade securities.

On Monday, $132.87 million of investment-grade CBO/CDO/CLO securities and $192.73 million of non-high-grade issues were traded.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.