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Review: The Reset of Elmwood CLO IV

Elmwood CLO IV, managed by Elmwood Asset Management, was recently reset. Its new Weighted Average Cost of Capital (WACC) across ratings from AAA to BB is now 189.3 basis points (bps), compared to the original WACC of 194.5 bps. The new capital structure includes a $7.5 million single-B tranche and extends the reinvestment period by…

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