We understand your business, and have you covered from documentation to settlement
Online auction technology platform and communication interface developed by CLO investors for CLO investors
Applicable Margin Reset revolutionizes refinancing process by making it fast, easy and transparent
As market conditions change over the lifetime of a deal, it can be necessary to refinance liabilities. The traditional refinance process is almost like a new issue: talk to an underwriting bank, structure new securities, get rated by rating agencies and so on. Complicated, right? Traditional refinancing is cumbersome, expensive – and it can feel more like a chore. We know that feeling. That’s why we pioneered a completely new way to refinance structured products.
AMR takes 20 days from initiation to settlement.
You will no longer need to find a slot in the busy primary pipeline.
Win-win for the entire CLO industry: Equity, Debt, CLO Manager and Dealer.
Lower refinancing costs virtually free of fixed expenses
Efficient process no longer than 20 days (no rating agency, counsel or underwriting involvement, indenture amendment or listing of notes)
Ability to finance different tranches at different times
Margin Reserve Rate publicly available ahead of the auction
Transparent rule-based allocation protocol
Ability to place multiple bids at different margin rates
Higher refinancing deal-flow
No disintermediation: bids may only be placed through registered broker dealers
No underwriting commitment, low balance sheet consumption
Little time commitment, limited manager involvement required
No need to compete for a slot in busy dealer’s pipeline
Increased optionality, reduced risk, opportunity to earn performance fees