Investors and managers alike are sniffing out opportunities across the alternative credit spectrum. Flows are up, new products are being prepped, and managers are optimistic.
Crescent Capital's latest CLO includes AMR to make transaction cheaper and faster.
BNY Mellon’s involvement in a first-of-its-kind CLO has been revealed with the firm announcing that it will act as AMR (applicable margin reset) agent on Atlas Senior Loan Fund VIII.
BNY Mellon’s role in a first of its kind CLO transaction known as Applicable Margin Reset was announced today by MUFG Securities Americas
Managers are considering embedding a new repricing feature in US Collateralized Loan Obligation funds that would protect firms from regulation that requires them to hold 5% of their funds and save money on full refinancings.
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.
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