First pre-2022 CLOs to switch via Sofr issuance trigger

By Charlie Dinning

Thursday, April 28, 2022

Greywolf CLO III-R and IV-R are to become the first pre-2022 US CLOs to switch their benchmark rate from three-month Libor to three-month Sofr, without going through a refinancing or reset

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TAGS: CLO Greywolf North America

Comment by: Charlie Dinning. Posted 1 year ago [2022-04-28 20:26:42]

Thanks anonymous, CBAM 2018-6 has a notice stating its converting to Sofr. We are looking into the circumstances of why the benchmark rate was switched.

Comment by: Anonymous. Posted 1 year ago [2022-04-28 17:24:23]

I think CBAM had a deal adopted this path already and distributions will be made in July PD based on SOFR.

Comment by: Anonymous. Posted 1 year ago [2022-04-28 17:10:13]

Good insight, thanks.

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