News - KopenTech

Applicable Margin Reset welcomed by CLO investors

October 28, 2019

Applicable Margin Reset gains greater acceptance among investors. As reported by Andrew Park and Luke Millar from LCD, Neuberger Berman is the latest CLO manager to implement Applicable Margin Reset (AMR) in their newest deal. In addition, a Japanese investor has been brought on board with the feature, purchasing the class A-2 tranche.

KopenTech featured in Asset-Backed Alert Article

September 13, 2019

Applicable Margin Reset (AMR) is advancing in its development -- gaining market acceptance along the way. Since 2016, over $2 billion of CLOs have been issued with the feature.

Sancus Capital's Chernova pioneers a new way forward for CLO refinancing.

July 01, 2019

A recently published article in Opalesque featured Sancus Capital’s Olga Chernova: “The modified auction process is open to the broader market and can lead to better refinancing rates.”

CLOs: Adding Optionality in a Challenged Environment

June 17, 2019

James Vogl, KopenTech’s head of product development, explains how Applicable Margin Reset can help in an era of a dwindling CLO arbitrage. AMR is a streamlined method of CLO refinancing in the secondary market through the use of an auction process. It takes 1/3 the time of a traditional refinance and costs 75% less.

KopenTech to Speak at Creditflux West CLO Conference on June 20 in Santa Monica, CA

April 29, 2019

Anthony Schexnayder, KopenTech’s Head of Business Development will be the featured speaker at Creditflux West on June 20, in Santa Monica, CA. See the following press release for the details.

Creditflux to bring CLO conference to California

April 16, 2019

KopenTech is a featured speaker and panelist at the upcoming Creditflux West conference!

BNP prices 3 yr Mountain View CLO XIV AMR for Seix

March 19, 2019

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

March 08, 2019

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.

KopenTech in the Press