When it comes to rules requiring CLO managers to keep “skin in the game” of their deals, some are playing it safe.

Rather than wait and see whether deals otherwise grandfathered from the rules can be refinanced after December 2016 without triggering compliance, they are issuing new deals with shorter non-callable periods.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.