August 31, 2023
Private credit CLOs could soon get squeezed Tom Lemmon – GlobalCapital “About 15 companies across our portfolio needed liquidity,” he said, suggesting that the real question is how would this be solved — should the equity or the lenders pay up? “I give credit to our monthly financial statements and our tight quarterly covenants so that in all 15 of art those cases, the private equity sponsors offered to put in the liquidity,” he added....
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