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CLO reset run hits final straight before decline

Running, leap 230x150 correct
By Paola Aurisicchio
13 May 2021

CLO refi and reset activity has departed from its usual forms, with some managers resetting a single deal in a limited time frame, while others take the opportunity to switch tranches from fixed to floating, or focus refi efforts on a limited number of tranches. Managers don't want to lose the opportunity presented by current market conditions to save costs, and are seeking different solutions to optimise their structures.

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By Paola Aurisicchio
13 May 2021