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Silvermine CLO becomes first 2.0 to miss equity payment, says Nomura
8 years ago
Silvermine Capital Management’s Silver Spring CLO has become the first 2.0 deal to miss a payment to equity following an overcollateralisation test breach -
Verso default triggers CLO 2.0 market's first OC breach
8 years ago
A 2013 CLO US CLO has become the first post-crisis deal to trip an overcollateralisation test, according to CLO-i -
Verso default pushes at least one CLO towards test breach, says Nomura
8 years ago
The recent chapter 11 bankruptcy filing by Verso has put one CLO in danger of failing its interest diversion test, according to a recent research note from Nomura.
3 results found Showing page 1 of 1
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