Tight AAA, Lower WACC: Magnetite XXXVII CLO Reset Reflects BlackRock’s Clean Portfolio

Magnetite XXXVII CLO was reset last Friday, cutting its WACC by roughly 65 bps from 216 bps to around 151 bps, while extending its reinvestment period by two years. The reduction in funding cost broadly offsets the underlying collateral spread compression of about 63 bps.

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Tags:Blackrock Reset

Tight AAA, Lower WACC: Magnetite XXXVII CLO Reset Reflects BlackRock’s Clean Portfolio

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Tight AAA, Lower WACC: Magnetite XXXVII CLO Reset Reflects BlackRock’s Clean Portfolio

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