The first broadly syndicated loans (BSLs) priced over the secured overnight funding rate (SOFR) have approached the market, but whether the floodgates open to more loans priced over the Libor-replacement rate remains uncertain. Investors may not even see new collateralized loan obligations (CLO), which purchased 70% of leveraged loans last year, priced over a Libor-replacement rate until well into next year. Читать далее →