Trimaran's Catamaran CLO 2014-1 AMR refinancing marks the largest secondary trade in CLO history
June 29, 2021
$466.5 MM Catamaran CLO 2014-1 made history on June 23 when its $429.5 MM AAA tranche printed, marking the largest successful secondary CLO BWIC. The refi lowered Catamaran's weighted average cost of debt by 17 bp, with the cost of debt for the A-1A/AAA tranche being reduced from L+126 to L+110.