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Industry News

A recently published article in Opalesque featured Sancus Capital’s Olga Chernova: “The modified auction process is open to the broader market and can lead to better refinancing rates.”

James Vogl, KopenTech’s head of product development, explains how Applicable Margin Reset can help in an era of a dwindling CLO arbitrage. AMR is a streamlined method of CLO refinancing in the secondary market through the use of an auction process. It takes 1/3 the time of a traditional refinance and costs 75% less.

Anthony Schexnayder, KopenTech’s Head of Business Development will be the featured speaker at Creditflux West on June 20, in Santa Monica, CA. See the following press release for the details.

KopenTech is a featured speaker and panelist at the upcoming Creditflux West conference!

. . . more news >

Deal Announcements

We are excited to announce that today BNP Paribas priced the $404.66 million Mountain View CLO XIV AMR for Seix Investment Advisors. This is the second new issue to utilize the Applicable Margin Reset feature.

MUFG has priced another CLO featuring the applicable margin reset mechanism (AMR).

MUFG Securities Americas today priced a $406.4 million CLO for Seix Investment Adivsors LLC, according to market sources.

KCAP Financial (KCAP) announced that its wholly owned asset management Trimaran Advisors LLC had restructured and "upsized" a CLO.