'Golub Capital Combines Four CLOs Into Biggest Reset On Record; The $2.2B Deal Surpasses Formerly Largest Antares Reset; Nearly $30B Of CLO Resets Priced In October 2024' - Bloomberg News
Benzinga Newsdesk 1 year ago
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https://www.bloomberg.com/news/articles/2024-11-05/golub-capital-combines-four-clos-into-biggest-reset-on-recordAsset manager Golub Capital issued the largest reset of a collateralized loan obligation on record late last
Asset manager Golub Capital issued the largest reset of a collateralized loan obligation on record late last week, created through an amalgamation of multiple CLOs.
Golub fused four different CLOs together, a type of transaction that's been performed at least once before. Its combination formed a massive $2.2 billion reset, surpassing a $2 billion record previously set by Antares in 2021, according to data from JPMorgan Chase & Co.