...$20.6 billion of notes and equity were issued by 40 U.S. CLOs in the first quarter of 2014. New issue-stated spreads on senior notes were elevated at an average of 150 bps over Libor compared with 144 bps over Libor in the fourth quarter of 2013. Credit enhancement for senior notes remained stable at an average of 37.7% compared with a fourth-quarter 2013 average of 37.9%. Additionally, $1.1 billion from three middle-market CLOs were issued....