European Loan Spreads Hit Nine-Year Tight Levels Amid Record CLO Demand
European loan spreads have reached their tightest levels since 2017 due to record demand for collateralized loan obligations (CLOs) outpacing supply. Borrowers are aggressively reducing debt costs, but pricing is nearing investor tolerance limits as new-issue supply remains low ahead of the summer break.
Topics: CLO demand debt repricing European loans term loan spreads