KopenTech in the Press
Traditional refinancing of collateralized loan obligations is costly, time-consuming and risky. Applicable Margin Reset (AMR) is a speedier, less expensive, more transparent option that mitigates operational and market risks.
CLO managers have firmly got to grips with US risk retention rules and, as a result, a massive $102.7 billion of CLOs priced globally during the second quarter of the year. Innovation is the hallmark of the evolution of the industry.
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.