Apollo rolls four CLOs into single massive refi
Apollo Credit Management priced a $2.14bn CLO on Wednesday, pulling together four older transactions and rolling them into a single refinancing.
The innovative approach to a CLO refi was arranged by JP Morgan. The deal comprises four older CLOs that were out of their reinvestment periods and were put into a single portfolio with renewed flexibility and a refreshed reinvestment period that gives the manager another ...
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