A Recently Traded Distressed BB Tranche Highlights the Resilience of 2020 BB Tranche IRRs
September 10, 2025
posted on
Notably, it is the only 2020-vintage deal with a BB MVOC below par, or a clean BB NAV of around 80%, which helps explain why the BB tranche cleared at such a deep discount.
For existing premium subscribers, please log in here.
If you'd like to find out more about premium subscription, please submit the form below: