Chenavari asks for investor approval to make par-boosting CLO switch

By James Harvey

Alpstar CLO 2 looks to improve its OC coverage by trading a 2020 bond for recently issued term loans

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View details on CLO-i: Alpstar CLO 2

Comment by: Anonymous. Posted 10 years ago [2014-04-17 23:56:26]

Perhaps just a detail, but make sure you watch the interest rate hedging in the deal .... selling the fixed-rate bonds to buy in a floating-rate loan is something to analyze before the trade.