CLO investors set to lose out as CSA-less amendment passes

By Sayed Kadiri

Monday, November 14, 2022

Covanta’s US loan amendment, which will result in a benchmark switch to Sofr without a credit spread adjustment, has passed. This will be a blow to CLO managers and, ultimately, CLO investors

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TAGS: CLO Leveraged loans North America

Comment by: Anonymous. Posted 1 year ago [2022-11-14 13:37:52]

CLO EQUITY investors will be impacted, but CLO debt investors, less so

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