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Morgan Stanley shares rise 1.50% intraday after closing $400m CLO deal and KKR hiring for Logisteed IPO.
ByAinvest
Wednesday, Apr 23, 2025 2:53 pm ET1min read
Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. rose 1.50% intraday, with the company expanding its loan business by closing a $400 million Morgan Stanley Eaton Vance CLO 2025-21, Ltd. This transaction, which was priced on March 7, increases the CLO platform assets to approximately $7.5 billion across twenty vehicles. The deal was arranged by Wells Fargo Securities, and the company expressed excitement about returning to the new issue market and the strong interest from both new and existing investors.
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