After less than $1 billion in new issuance in January, the 2017 CLO market “is running on all cylinders,” the Loan Syndications and Trading Association declared in its weekly newsletter Friday.

New collateralized loan obligation volume through Feb. 10 has already topped $3.2 billion with at least nine new deals in the pipeline, the LSTA reported. That adds to $4.8 billion in refinancing activity for the month, after two more refis were priced on Thursday, according to JPMorgan research.

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