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How Collateralized Loan Obligations work

Volta Finance

Loans—usually first-lien bank loans to businesses—that are ranked below investment grade are initially sold to a CLO manager who bundles multiple (generally 100 to 225) loans together and manages the ...

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A quick guide to collateralised loan obligations

Volta Finance

What is a CLO? Core concepts Collateralised loan obligations (CLO) are complex, high-value transactions involving numerous parties, extensive documentation and, usually, several jurisdictions. A CLO transaction involves an issuer (an orphan company or special ...

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