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Accretive Reset for Birch Grove CLO 7: WACC Cut, AAA Prints Tight to Risk

Birch Grove CLO 7’s highly accretive reset reduced its WACC by 90.8 bps, from 252.6 bps to 161.8 bps, and extended its reinvestment period by two years. The funding cost savings more than offset the decline in its reported WAS since first reporting—down by around 50.6 bps to the latest figure of 322.3 bps.

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