OC health check: August reports slow torrent of fresh breaches to a trickle

By Sam Robinson

198 CLOs reported an over-collateralisation (OC) breach in August, only three of which were completely new breaches. This is a slowdown from July, when 230 deals suffered some kind of OC breach, according to the latest reports from CLO-i


Subscriber-only article

This article is available only to Creditflux subscribers and free trial users within 30 days of publication.

Already a subscriber? Not logged in? Click here to login.

If you have not already done so,
you may request a FREE TRIAL by clicking here

This trial will give you:
  • 4-weeks' free online access to our
    most recent subscriber-only articles
  • Daily breaking news alert sent by email
  • A print copy of Creditflux

If you currently have a free trial, you will see this message when you try to view articles older than 30 days.

TAGS: Europe CLO Alcentra ICG Ellington Monroe GLG Barings Marble Point North America Five Arrows Managers

View details on CLO-i: Barings Euro CLO 2014-2 Ellington CLO IV Jubilee 2014-XI Jubilee 2015-XV Man GLG Euro CLO IV Monroe Capital MML CLO 2016-1 MP CLO IV Ocean Trails CLO VI St Paul's CLO III-R