News - KopenTech

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.

Columbia embeds electronic AMR refinancing for a second time

December 04, 2020

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.

KopenTech’s Barometric Tools Assess Secondary CLO Market Health

November 02, 2020

KopenTech presents the metrics found to be indicative of CLO secondary market health. See the full study published by AltCredit.

HalseyPoint CLO 3, Ltd. becomes 10th deal to utilize online AMR refinancing

October 22, 2020

Priced by Citi, HalseyPoint Asset Management’s $500.365M HalseyPoint CLO 3, Ltd. marks the 10th CLO to utilize KopenTech’s online AMR refinancing feature. With the deal closing on November 24, 2020, the total volume of CLOs featuring the AMR mechanism now exceeds $4.4 billion.

AMR Tranches are Favored in Secondary Trading

October 01, 2020

KopenTech’s Data Scientist, Andreas Kraus, finds AMR CLOs trade more frequently, and at slightly better prices, than non-AMR counterparts. Read the full study published by AltCredit.

KopenTech in the Press