Golub has accelerated the purchase of loans for new clo during the turmoil of the market

Golub Capital quickly bought a large amount of leverage this week to use the prices, according to people with knowledge of the matter. The French Bank Societe Generale has already worked with the lender to compile a new collateral loan obligation, and has secured investors for AAA effects at a spread of 1.04 percentage point – or 104 basis points – about a benchmark, the people who asked not to be identified. It has already bought a few loans for the agreement. But after President Donald Trump’s tariff announcement printed secondary loan prices to their lowest since July 2023, Golub picked up more loans and added about a third of the CLO agreement loan portfolio, people said. Golub’s planned clo transaction is known as a ‘static’ CLO agreement, which means its loan portfolio will not change once the agreement is finalized, the people added. Societe Generale declined to comment. Golub did not respond to requests for comment. This is at least the second case since the tariff-driven revolution has begun that a CLO driver wants to quickly buy loans for a new agreement. Elmwood Asset Management works with Sumitomo Mitsui Financial Group Inc. To a similar deal, Bloomberg reported earlier this week. Such transactions are similar to the so -called “print and sprints”, where managers quickly buy loans in the secondary market, rather than eliminating them over months. Loan prices varied after Trump announced a 90 -day break on some rates on Wednesday, but it is still the levels last seen in the end of 2023. With the help of Carmen Arroyo. © 2025 Bloomberg MP This article was generated from an automatic news agency feed without edits to text. First published: 12 Apr 2025, 03:53 AM IST