The $ 5.2 billion financing deal put together by Icahn was shown to a mix of U.S. and foreign banks, asset
managers, hedge funds and collateralized
loan obligation (CLO)
managers.
To keep performance high, credit - focused
managers are moving back into some of the risky assets that got tarnished during the financial crisis like collateralized
loan obligations, or CLOs, securities cobbled together from pools of corporate
loans.