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Review: The Reset of Elmwood CLO III

The pricing of the second reset of Elmwood CLO III saw its WACC tighten by 23 bps, from 206 bps to 183 bps, and its reinvestment period increase by 2.8 years. Its AAA pricing at 138 bps was the tightest year-to-date in the reset and new issue CLO market at the time of pricing.

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