Canyon CLO Advisors is planning to issue its largest CLO 2.0 to date with a portfolio targeting up to $450 million in leveraged loans.

The Los Angeles-based manager, a unit of Canyon Capital Advisors, is issuing its first CLO in nearly a year through Canyon CLO 2016-1. The transaction is a follow-up to the $400 million Canyon Capital CLO 2015-1 issuance in April 2015, according to a presale report from Fitch Ratings.

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