European LevFin Wrap — BSL sings a new song; how low can pricing go?
•10 min read
After a year of losing out to private credit, the syndicated market seems to be humming a new tune (BSL is back, alright!). The repricing frenzy has private credit-financed companies returning to syndicated markets for an encore. But even as banks limber up, there’s a question ahead: how low can CLOs go?