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Clo Investors, Managers, Arrangers Share Outlook For Issuance Post Pandemic

by businessinsider.com posted 1month ago 15 views
Summary List PlacementThe coronavirus left a trail of market disruption. One victim still nursing its wounds is Cineworld. In 2018, the movie-theater chain tapped the frothy leveraged-loan market to expand its footprint and acquire a rival, Regal Cinemas. It was hard to blame it. Debt was cheap, terms were loose, and 2018 was a record year for the US box office, drawing $11.9 billion from blockbusters like "Black Panther" and "Incredibles 2." Investors saw the allure of Cineworld's $4 billion loan offering, too, including over 100 collateralized loan obligations that bought into the deal.

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