TICC closes in on its second CLO

TICC Management is nearing the launch of its second CLO after Moody’s assigned provisional ratings to TICC CLO 2012

Comment by: Anonymous. Posted 11 years ago [2012-07-24 01:20:27]

A DM of 175 bps - assuming the tranche sells at par - seems to be a large penalty to the A-1 for a 25% mid-market loan bucket.