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Seasoned US MM CLOs: Post Reinvestment Period Annual Prepayment Rates

The speed at which CLO rated debt is paid down after the reinvestment end date depends on several factors, including the behavior of the CLO manager, market condtions, the post-reinvestment end date language of the CLO (coverage tests, WARF tests, CCC limits, WAL tests, asset maturity criteria, etc.), and the composition of the collateral pool….

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