Senior CLO debt managed by Seix slashed by 37bp in AMR auction

By Paola Aurisicchio
19 Jan 2021

Seix Investment Advisors has successfully refinanced a CLO using an applicable margin reset (AMR) auction, slashing senior debt costs by 37bp.

The $348m CLO managed by Seix, called Mountain View XIV, was originally sold in 2019 through BNP Paribas, with the AMR feature embedded to give the manager the option to reprice the bonds in an auction rather than through an arranging bank.

The original issuance margin for the $252m ...

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