CSAM refinances its unusual 2011 CLO

By Sayed Kadiri

Wednesday, August 06, 2014

The refinancing of Credit Suisse Asset Management's Atrium VII CLO went ahead yesterday, according to market sources

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TAGS: Credit Suisse CSAM

View details on CLO-i: Atrium VII

Comment by: Anonymous. Posted 9 years ago [2014-08-07 01:16:25]

Interesting, this refinancing must have incurred rating agency fees, legal fees, and investment banker fees (to source the new debt holders). Is it really preferable to simply liquidating the old deal to launch the new deal? I guess "yes" because the assets and equity remain in place.

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