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Canyon resets and increases its Covid-era deal

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By Paola Aurisicchio
05 May 2021

Covid-era deals looking for cheaper liability stacks are beginning to flood the market with refi and reset transactions, as they hit the end of their one year non-calls. Canyon Capital has reset and increased the size of Canyon CLO 2020-1, cutting 74bp off the margin of a senior tranche originally priced in May 2020.

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By Paola Aurisicchio
05 May 2021