Art Penn Quoted in Creditflux Article

Two Roads Diverged in the CLO Wood

By Charlie Dinning – Creditflux

In November, Art Penn spoke with Creditflux about the effect regulation changes had on BDC managers’ choice to launch middle market CLOs. “After the rule change that allows BDCs to lever debt to equity at a 2:1 limit, middle market CLOs became an efficient financing tool for BDC managers,” he said.