The Last Tranche with Hildene's Jain: Cirque du Soleil shows CLOs do not have to lose out in a restructuring
In this episode of The Last Tranche, Hildene's Tapan Jain and Creditflux's Hugh Minch discuss recent changes in how CLO documents treat workout securities. Jain draws on his experience during the Cirque du Soleil bankruptcy and explains ways in which CLOs can profit from rescue financing
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