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Allegany Park CLO Refinancing

Today, Blackstone’s Allegany Park refinancing priced, reducing its WACC by 22 bps from 175 bps to 153 bps. The deal was originally priced in December 2019 with its AAA/AA/A/BBB/BB tranches at L+133/180/255/370/700, and was reset in January 2022 at S+130/180/205/310/640 DMs. Cost savings from the latest refinancing were achieved across the capital stack, except for…

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