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The $155.7 million secured combo note offering is backed by the full face value of three classes of mezzanine notes plus a majority portion of the residual notes from Oaktree's first CLO of 2019.
By Glen FestMarch 21 -
The $503.3 million Madison Park XXXIV has a 133-basis-point spread for its $294.5 million Class A-1 loan tranche.
By Glen FestMarch 21 -
The boutique investment bank will retain a 45% minority stake in its former credit advisors unit, which was renamed and infused with additional capital by its new parent.
By Glen FestMarch 20 -
The refinancing also extends the reinvestment period of the $410 million Garrison BSL CLO 2016-1 by two years; the deal is non-callable for two years as well.
By Glen FestMarch 19 -
Gleysteen's return builds on a recent trend of old-school issuers revving up new CLO platforms
By Glen FestMarch 19 -
The JFSA published a final rule outlining the hoops U.S. CLO managers will have to jump through if Japanese banks are to avoid a higher risk weighting on their holdings; it remains to be seen how much of a burden this will be.
By Glen FestMarch 19 -
Approximately 68.4% of the collateral balance in Ford Credit Auto Owner Trust 2019-A derives from contracts that benefit from subsidized rates to well-qualified borrowers.
By Glen FestMarch 14 -
Dunkin' Brands plans to use note proceeds to pay down $985 million of outstanding notes from its debut deal four years ago.
By Glen FestMarch 13 -
Five EETCs totaling $3.9 billion have exposure to the type of jet involved in Sunday's crash; but there are none in lease ABS, which could benefit from higher valuations of replacement aircraft.
By Glen FestMarch 13 -
There are six tranches of AAA rated notes, including fixed-rate, some variable rate, and even a rare tranche of AAA rated loans.
By Glen FestMarch 13