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Review: The Reset of Eaton Vance CLO 2019-1

The Eaton Vance CLO 2019-1 reset was recently priced. Before the reset, the equity NAV of this 2019 vintage deal was 41%, which was above average for that vintage, based on a sample of 2019 vintage deals that have a single-B tranche. Looking at its MVOC (BB) of 106% before the reset, it was placed…

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