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The CLO Deep Discount Dilemma (Second of two parts)


By Greg B. Cioffi and David H. Sagalyn, asset securitization and global restructuring group, Seward & Kissel LLP

June 5, 2009

This is the second of two parts of an article examining the dilemma confronting CLO mangers who wish to improve their portfolios by trading rapidly deteriorating loans for better-performing so-called 'deep discount' loans. This portion focuses on the industry's call for reform and suggests solutions to this problem.

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