Collateralized loan obligations, or CLOs, are often viewed as one of the more complex corners of credit markets. However, long-held misperceptions endure that may create an attractive investment opportunity for savvy investors.

In this 30-minute webinar, PennantPark offers a practical introduction to the asset class from the perspective of both an issuer of middle market CLOs and an investor in CLO securities.

Designed for advisors and investors seeking a clearer understanding of CLO fundamentals, the session brings PennantPark’s middle market credit lens to an asset class that plays a growing role in private credit.

Key learnings include:

• The role of BB-rated CLO debt as a differentiated source of floating-rate income
• Earning wider spreads with historically lower defaults than similarly rated corporate bonds
• Understanding why CLO BBs may offer attractive value relative to CLO equity
• Identifying opportunities across broadly syndicated loans (BSLs) and middle market CLOs
• Using issuer insights to evaluate CLO managers and investments