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Middle march

Category: CLOs CDO

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Boost for middle market and hybrid CLOs

The US SEC’s no-action letter in connection with a recent Golub Capital CLO paves the way for middle market CLO managers to comply with risk retention requirements by holding through a BDC (SCI 21 September). The move effectively allows managers to transition loans between their BDCs and a CLO, and has the potential to significantly boost US middle market CLO issuance.

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