KopenTech in the Press
CLO managers are lining up to implement applicable margin reset (AMR) language into their deals after Crescent Capital’s Atlas Senior Secured Loan Fund VIII was the first CLO to incorporate this feature.
Crescent Capital Group last week priced its latest broadly syndicated CLO. The US$413.7m Atlas Senior Secured Loan Fund VIII debuts an applicable margin reset (AMR) feature.
Crescent Capital Group priced the first CLO giving equity holders the option to reprice liabilities lower after the non-call period.
Mitsubishi UFJ Securities priced a first-of-its-kind US CLO late on Friday with the bank embedding the much talked about applicable margin reset (AMR) option into a deal managed by Crescent Capital.
Crescent Capital and Sancus Capital team up to launch AMR for new CLO.
MUFG Securities Americas today priced a $413.7 million CLO managed by Crescent Capital Group LP, according to market sources. This is the manager's first new issue of the year.
Olga Chernova, is founder and CIO of Sancus Capital, a long short credit manager and one of the leading female figures in the credit space.
On September 1, 2016, the SEC issued a no-action letter to Sancus Capital Management LP clarifying that a proposed "applicable margin reset" mechanism built into certain notes issued in a CLO transaction would not constitute an offer and sale of asset-backed securities by an issuing entity within the meaning of Regulation RR (17 C.F.R. Part 246).