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ClearBridge Energy MLP Fund Inc Message Board

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  • Eggplant101 Eggplant101 Oct 8, 2008 1:33 PM Flag

    Earnings Call Prediction

    They use a receivables securitization facility as a substitute for commercial paper issuance, which is not accessible to them. Given the lock up of asset backed and other short term lending facilities, do you think CEM might have had a problem rolling over its ABS issuance through these facilities? Maybe they got stuck in the general problem. I think CEM has $250-300million outstanding under their facility. Could be a messey liquidity situation. I don't know.

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