CLOs with AMR option reach $4.4bn with latest deal from HalseyPoint

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By Paola Aurisicchio
22 Oct 2020

HalseyPoint Asset Management has priced its second CLO with the applicable margin reset (AMR) feature embedded, broadening the use of the alternative method of repricing CLO securities to over $4.4bn of CLOs since 2017.

With the deal from HalseyPoint, the number of managers that have adopted the alternative process of refinancing CLO securities has grown to eight, with 10 deals implementing the feature. 

The AMR technology was pioneered in 2016 by hedge fund Sancus Capital Management, founded by Olga Chernova. The idea ...

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