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CLO warehouse durations creep up in Europe and US

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CLO warehouse durations creep up in Europe and US

Sam Robinson's avatar
  1. Sam Robinson
•2 min read

This article is part of our forthcoming service, 9fin Structured Credit. If you're interested in a free trial, contact subscriptions@9fin.com

Average US CLO warehouse duration is rising slightly while some warehouses are being terminated on both sides of the Atlantic, according to data from US Bank and Maples and Calder seen by 9fin. 

US Bank, which reported it had 71 open warehouses in the US at the end of August, noted over half of these warehouses are more than 270 days old (although it considers seven ‘evergreen’.)

Although the number of warehouses older than 270 days fell slightly, the number of warehouses in the 121-180 days and 181-270 days brackets rose by 7% and 20%, respectively.

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