Intrum/Lowell - comment

Iquera hired advisors yesterday - the bonds tanked some 30 points. We don’t know the company all that well yet, but it's been engaged in ABS transactions in January and worked with Co-investors on portfolios, materially reducing unencumbered ERC.  Meanwhile, DoValue are attempting to escape forward by acquiring debt servicer Gardant. We are awaiting news in the next week or so.