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Another Fine Mezz

Good morning CLOs, all quiet on the ABS front

13 Feb 2024

Description

Victoria Thiele and George Smith were left to their own devices as Tom Lemmon had the audacity to take a week off, although he still managed to launch a mini series that will supplement the regular Another Fine Mezz episodes in the coming weeks. ABS issuance seemed to be taking a breather after the January rush, but that only gave George the time to dive into a particularly juicy story (and to coin the term Bridgegate-gate). Victoria had a slew of CLOs to cover, and not just any CLOs - from CVC's first ever static deal to a quirky feature of BlueBay's print, it was a bountiful week. There was also a boom in secondary equity trading, while others may suffer from a wave of loan repricings. 

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