At a time when much of the CLO market’s creative energy has been concentrated on developing structures to facilitate compliance with the U.S. risk retention rules, another innovation has emerged: Applicable Margin Reset (AMR).
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.
The $84 billion U.S. CLO market continues to find innovative ways to evolve and increase efficiency.
Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer investors attractive returns and strong credit performance, but refinancing costs and liquidity concerns are often questioned.
The CLO market continues to evolve and increase efficiency, and one of the latest innovations involves a refinancing mechanism that skips the typical process (and costs) of issuing a new set of notes for lower coupons.
The First-ever Collateralized Loan Obligation-Applicable Margin Reset (CLO-AMR): Providing services and pioneering solutions that adapt to the new market.
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