OC health check: CLOs pay $1.3 billion on senior tranches as payment dates come due

By Sam Robinson

Senior debt holders received $1.3 billion of principal from CLOs that breached an overcollateralisation test in July, a month in which the majority of scheduled payment dates fell. Of those deals suffering an OC breach, 190 were due to make a payment to noteholders and 57% were within reinvestment. 

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TAGS: Europe CLO North America