Credit Brief: When Music Stops for LBO Debt; CLO Leftovers

Read the weekly Credit Brief here.

• Banks across Europe and the U.S. committed to lend tens of billions of dollars for leveraged buyouts and acquisitions. Now they need to find buyers for the debt, and demand is relatively weak
• Napier Park Global Capital is cutting its exposure to risky assets now, and sees good value in collateralized loan obligations and some credit derivatives
• As CLO equity gets weaker, some investors are looking to profit from breaking open deals and selling the underlying loans to retail investors

The Credit Brief is published every Thursday at 4 p.m. ET. Subscribe here ...