Debt Extension Workaround Lets CLO Managers Skirt Buying Limits

(Bloomberg) -- Investment bankers in Europe have found a way to circumvent a key obstacle to junk-rated companies extending the maturity on billions of euros of risky debt.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksThe Global South Breaks Away From the US-Led World OrderEastern US Prepares for a ‘Potent’ Storm System: Weather WatchChina’s Trade Plunges More Than Forecast in Blow to RecoveryThe wor

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