CLO investors line up for new AMR repricing auction

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By Paola Aurisicchio
21 Sep 2020

A CLO managed by Seix Investment Advisors will be repriced through an applicable margin reset (AMR) this month, with investors set to submit bids in an online auction that will take place on September 29.

The inaugural AMR auction took place in January, with TCW repricing $351.5m of bonds originally sold in 2019 via MUFG. The auction attracted bids from five broker dealers and the results lowered the weighted average cost of the debt from 181bp to 138bp.

The success paved the ...

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