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  • Direct lenders agree to PIK as borrowers feel tariff pressure
    Borrowers are facing stress and asking direct lenders for the option to use payments-in-kind instead of cash for interest payments, leading to debate over whether PIK use aids recovery or simply obscures financial stress

    1 year ago

  • Not all resets created equal as some managers opt to keep triple C exposure high
    A split is emerging in the CLO market, with some managers choosing to keep triple C concentrations elevated following a refinancing or reset transaction. As part of the trend, which began this month, some deals even refinanced while being in breach of portfolio concentration limits, typically set at 7.5% by rating agencies

    5 years ago

2 results found Showing page 1 of 1

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