📄 Extracted Text (127 words)
New Issue CLOs - 2014 vs. 2007
Tranche Subordination
A (AAA) 38.2% 31.5%
B (AA) 25.8% 24.0%
C (A) 17.7% 18.0%
(BBB) 12.2% 13.0%
E (BB) 7.8% 8.0%
Deal Specifics
Covenant 2014 Range 2007 Avenges
Non-Call Period —2 years 3 — 5 years
Reinvestment Period 4— 5 years 6 — 7 years
Final Maturity 11 — 12 years 14 - 16 years
Time Between Pricing and Closing 4 — 6 weeks 4 — 6 weeks
Deutsche Bank Source: SW ICO CIO Databank 20
2013 deal subordination refers to Ares XXVI Mich priced on March 1. 2013.
Corporate Banking & Seoul ities
2007 deal subordination refers to Ares XII which priced in Fall of 2007.
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0124639
CONFIDENTIAL SDNY_GM_00270823
EFTA01462205
ℹ️ Document Details
SHA-256
fbc54715384be0ccd2ecbc1937cd2234a67af57e32de2355ae3275b84574df15
Bates Number
EFTA01462205
Dataset
DataSet-10
Document Type
document
Pages
1
Comments 0