U.S. issuers have engaged Standard & Poor’s to rate 35 collateralized loan obligations totaling $16.5 billion as of July 3, flat to the previous week.

The most recent S&P-rated deal to price, the $542 million Ares Enhanced Loan Investment Strategy IR, brought issuance for the year to date to $43 billion. That deal refinanced a 2008-vintage CLO. The issuer split the class A-1 into 2 pieces, one with a fixed coupon of Libor plus 125 basis points and one at Libor plus 100 basis points with a step-up feature.

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.