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CLOs to demand higher rates from B3 companies THL’s Herzig says

CLOs to demand higher rates from B3 companies THL’s Herzig says

  • TV-G
  • 2019
  • 3mins
Collateralized loan obligation managers may soon demand that B3 rated companies pay higher rates in order for their leveraged loans to qualify for the limited space in CLO portfolios according to Michael Herzig head of business development at THL Credit. He talks with Bloomberg's Lisa Abramowicz on Bloomberg Money Undercover. The firm is an alternative credit investment manager with $16.8 billion of assets under management as of June.