Repricing Lingo Likely To Be Featured In More Deal Docs
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Repricing Lingo Likely To Be Featured In More Deal Docs

Equity holders of post-crisis vintage collateralized loan obligations have in many cases obtained a new and valuable tool for hedging against loan spread tightening. A provision in some deal documents gives equity investors the ability to reprice outstanding tranches at lower liability spreads, and the inclusion of such powers in deal documents is likely to increase in the 2013 vintage, according to Royal Bank of Scotland researchers.

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