LPC: Firms rush to extend life of CLOs as risk-retention looms
August 25, 2016 at 11:18 AM EDT
NEW YORK, Aug 25 (Reuters) - Collateralized loan obligation (CLO) managers may look to extend the life of more than US$250bn of deals eligible to refinance before rules take effect in December that require firms to hold onto a portion of their fund's risk, which may make the creation of new funds harder.