CVC Credit Partners is marketing what is only the second new European collateralized loan obligation of the year.

The €400 million CVC Cordatus Loan Fund VIII DAC will be backed primarily by a portfolio of euro-denominated senior secured loans and bonds issued by European borrowers, according to Standard & Poor’s. The exact proportion will be linked to the proportion of loans that are covenant-lite; the more cov-lite loans, the higher the proportion of collateral that must be senior secured.

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