More managers gravitate toward AMR repricing feature

By Paola Aurisicchio
15 Jul 2020

More CLO managers are including the applicable margin reset (AMR) feature in new deals, broadening the use of the alternative method of repricing CLO securities since it was first tested at beginning of this year.

Columbia Management Investment Advisers and HalseyPoint Asset Management lately joined a handful of managers that have priced CLOs with the AMR feature embedded.

Columbia Management, the investment arm of Ameriprise Financial, priced a $395m CLO arranged by Jefferies on Monday that includes $200m of senior notes rated triple-A ...

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