Update 1: Citi to add new tranche to US$2.5bn Petco buyout loan with no Libor floor

NEW YORK, Jan 14 (Reuters) - Citigroup is adding a new tranche to the US$2.5bn loan backing the buyout of Petco Animal Supplies that will not have a Libor floor, as rising interest rates threaten returns to Collateralized Loan Obligation (CLO) funds, the main buyers of leveraged loans.

from Reuters: New Issues News http://ift.tt/1Zn5cK4