News - KopenTech

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.

A New and Improved Way to Refinance CLOs

December 07, 2018

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

August 03, 2018

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

January 22, 2018

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).

KopenTech in the Press