KopenTech in the Press
BNP prices 3 yr Mountain View CLO XIV AMR for Seix
We are excited to announce that today BNP Paribas priced the $404.66 million Mountain View CLO XIV AMR for Seix Investment Advisors. This is the second new issue to utilize the Applicable Margin Reset feature.
Managers back AMR following CLO auction improvements
Applicable Margin Reset (AMR) protocol, though untested as yet, is beginning to gather steam in the CLO industry. TCW Asset Management’s latest offering, TCW CLO 2019-1, is the latest to embed AMR in its documentation.
A New and Improved Way to Refinance CLOs
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 boom encourages new ideas
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.
A new way to refinance CLO securities
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).
Seix uses AMR to take new route to Mountain View CLO
MUFG has priced another CLO featuring the applicable margin reset mechanism (AMR).
MUFG prices Mountain View CLO 2017-2 featuring AMR for Seix
MUFG Securities Americas today priced a $406.4 million CLO for Seix Investment Adivsors LLC, according to market sources.
KCAP Financial: subsidiary refinances CLO with new funding mechanism
KCAP Financial (KCAP) announced that its wholly owned asset management Trimaran Advisors LLC had restructured and "upsized" a CLO.