Pic© Klearchos Kapoutsis
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Crescent Capital Group last week priced its latest broadly syndicated CLO. The US$413.7m Atlas Senior Secured Loan Fund VIII debuts an applicable margin reset (AMR) feature, which is designed to aid in the execution of CLO refinancings (SCI 5 September 2016).
The AMR feature is classed as a redemption event under the transaction documents, whereby the notes can be redeemed before the stated maturity date.
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