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Asset Managers Target Discounted US Leveraged Loans Amid Market Fear

3 reports, 1 independent Updated 00:00
No new developments lately Reached 3 outlets in its first 24 hours
Reports
3
Developments
1
Repetition
67%

New informationRepeats or wire copies

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Several money managers, including Oaktree Capital Management, Carlyle Group Inc., and KKR & Co., are actively seeking US leveraged loans that are selling at bargain prices. These firms are considering purchasing the loans and packaging them into collateralized loan obligations. Earlier this week, over 90% of these loans were trading at a discount to face value.

From livemint.com

Why it matters

Some supportBrind's analysis of the reports

Spreads on the leveraged debt are near their widest level in the past year. The market faces concerns that higher borrowing costs and inflation could strain the weakest companies and trigger defaults.

From livemint.com

Who's involved

  • Oaktree Capital ManagementActively seeking bargain US leveraged loans and monitoring market trends
  • InvescoCommented on the weakness in collateralized loan obligations
  • MidOcean PartnersActively seeking bargain US leveraged loans and monitoring market trends

Possible ripples

Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.

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The entities involved

Coverage

Newest first; wire copies grouped
2 more outlets ran the same wire story