Proving to be an undying source for private placements on both the buyside and sellside, the credit tenant lease structure (CTL) has survived the afflictions that have knocked some traditional privates out of contention.

Market observers point to the lucrative spreads accompanying this structure and said that in a credit default scenario, CTLs offer better protection. Though not immune to private market difficulties, CTLs have responded well to private buyside demands becoming a source for better premiums - CTLs traditionally carry a 25 to 75 basis-points-over-Treasurys premium.

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