KopenTech in the Press
Crescent Capital completes refinancing for Atlas VIII CLO using online AMR auction
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
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
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
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
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
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.
Columbia embeds electronic AMR refinancing for a second time
Columbia Threadneedle prices the $409.3 MM Columbia CENT CLO 30 embedding AMR refinancing. CENT CLO 30 is the tightest five-year reinvestment US CLO since March.