This website is using cookies
This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.

Mackay Shields Euro CLO 2: 11 August 2020

This is a securitisation of mainly senior secured obligations, but the portfolio can also contain senior unsecured, mezzanine, second lien loans and high-yield bonds. The portfolio will be actively managed by Mackay Shields Europe Investment Management Limited, and will feature a one-year reinvestment period.

Portfolio Profile limits (include): secured senior loans and bonds – min 90%; non-euro obligations – max 25%; bridge loans – max 5%; participations – max 5%; revolving or delayed draw obligations – max 10%; corporate rescue loans – max 5%; cov-lite loans – max 30%; PIK securities – max 5%.