The second reset of OHA Loan Funding 2016-1, managed by OHA, is accretive as the WACC tightens by 6 bps from 187 bps to 181 bps after the reset. This deal featured a very much out-of-the-money fixed-rate AA-rated tranche before the reset. This highlights the importance of picking a top-performing manager, even if the AA-rated…