CLO Market Musings: Collateral Pool Factors Before Call (Updated)
Based on a sample of 315 post-2012 US CLO deals that have been fully redeemed (excluding deals with debt impairment), the median deal displayed a collateral pool factor of 67% prior to full redemption. Notably, among these deals, 75% had a collateral pool factor of at least 41%, while 25% surpassed 98%.