With so much CLO investment capacity going offline over the next few years, the loan market is getting creative in structuring deals to accommodate this waning investor class.

CLOs currently hold about half of the $500 billion in U.S. leveraged loan assets, but most of these structured investment vehicles were issued in 2006 and 2007 and are nearing the end of their reinvestment periods, which range from three to seven years.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.