Penta CLO 12 Reset: AAA Prints Tight at 128 bps but Still Offers Strong Value

The recent pricing of the Penta CLO 12 reset extended its reinvestment end date by roughly 1.5 years and reduced its WACC by around 38 bps, from 235.5 bps to 197.5 bps, helping to offset the rapid collateral spread compression of approximately 42.7 bps that the deal has experienced since its last refinancing in May 2024.

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Penta CLO 12 Reset: AAA Prints Tight at 128 bps but Still Offers Strong Value

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Penta CLO 12 Reset: AAA Prints Tight at 128 bps but Still Offers Strong Value

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