Amidst a slow launch to the 2016 CLO and leveraged loans market, CreekSource LLC has issued its second $300 million CLO offering in just over a month with the launch of Mill Creek CLO II.

CreekSource has priced its latest offering at wider-than-average spreads as it targets primarily first-lien senior secured loans with better-than-average speculative-grade ratings quality, according to a Fitch Ratings presale report.    

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