News - KopenTech

Catamaran CLO 2014-1 utilizes online AMR auction in largest-ever refinancing

June 23, 2021

Trimaran Advisors successfully refinanced the $466.5 MM Catamaran CLO 2014-1 on June 23, making history with the largest secondary AAA tranche print since 2014. The A-1A/AAA tranche cleared at L+110.

KopenTech's LiveBidding protocol gets spotlight on The Last Tranche podcast

May 18, 2021

KopenTech's 2-stage LiveBidding CLO trading protocol receives investor praise on Episode 5 of the Last Tranche, hosted by Hugh Minch of Creditflux with Olga Chernova of Sancus. The episode talks about inefficiencies in the CLO market and the electronification of the industry.

Crescent Capital completes refinancing for Atlas VIII CLO using online AMR auction

March 24, 2021

Crescent Capital's Atlas Senior Secured Loan Fund VIII CLO successfully refinanced $284.81 MM of AMR-eligible debt. The AAA tranche cleared at L+115.

Technology simplifies CLO investment process

February 25, 2021

Paola Aurisicchio of GlobalCapital reports on the barriers of CLO investing, and how tech is improving investor's access to information.

Best New Front-Office Fintech Solution at Operations & Services Awards 2021

February 24, 2021

KopenTech is pleased to announce that we have been selected as the "Best New Front-Office Fintech Solution" at Fund Intelligence's Operations & Services Awards 2021.

Second AMR refinancing for TCW CLO 2019-1

January 29, 2021

TCW Asset Management successfully refinanced their TCW CLO 2019-1 liabilities via online AMR feature on January 28th, marking the first occurrence for a CLO to utilize AMR refi twice. $800 MM of bids were received through the platform, resulting in a 2.6x oversubscription. The A1/AAA tranche cleared at L+97.

More AMR Auctions ahead as 6 CLOs with feature exit their noncall period in 2021

January 19, 2021

Potential AMR CLO refinancing candidates include: Atlas Loan Fund VIII, Mountain View CLO 2017-2, Catamaran CLO 2014-1, TCW CLO 2019-1, and Columbia CLO 29. After the successful Mountain View XIV AMR auction on the KopenTech platform, more managers eye the refinancing method this year.

Seix Advisors refinances MVEW 2019-1A using online AMR auction

January 15, 2021

Mountain View CLO XIV refinanced its liabilities, using KopenTech’s online AMR platform. $1.3B of bids were received through the platform, resulting in a 3.5x oversubscription. The A1/AAA tranche cleared at L+112.

KopenTech in the Press