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Kroll Bond Rating Agency UK Limited (KBRA) assigns preliminary ratings to five classes of notes to be issued by RRE 1 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans and bonds.
RRE 1 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP ( RRAM UK or the collateral manager ). The CLO originally closed in April 2019. This transaction will reset the terms of the CLO, including the stated maturity, non-call period, reinvestment period, note interest rates and notional balances. Proceeds from the issuance of the new CLO notes will be used to redeem the outstanding notes in full and to purchase new assets (€150 million upsize). The CLO will have a 4.0-year reinvestment period and a 14.0-year legal final. The ratings reflect initial credit enhancement levels, coverage tests including par value and interest coverage tests, excess spread, and a reinvestment over
Wanda Serwinowska from Credit Suisse retains his positive opinion on the stock with a Buy rating. The target price is slightly modified from 10.60 to 10.30 EUR. | February 27, 2021
Randall Niemann has been promoted to chief strategy officer by Active Release Techniques in Colorado Springs.
Dr. P. Michael Leahy, the company s founder, remains as president and was also named chairman. Edwards had been vice president of brand licensing and management and general counsel at ART and previously was a lawyer in the intellectual property group at Lewis Roca Rothgerber Christie. Niemann had been vice president of sales and service at ART and previously was chief operating officer of Open Sky Education.
Scott Flexman has been hired as vice president of sales and marketing for The Broadmoor. He has more than 37 years in the hospitality industry, including as complex director of sales and marketing for the Caribe Royale Orlando/Buena Vista Suites; vice president of sales and marketing for the Fontainebleau, Miami Beach; director of sales and marketing for the Landsdowne Resort in northern Virginia; and vice president of sales and marketing for the Boca Raton Resort & Cl
Investment Week is hosting its Alternatives Briefing at a pivotal time for investors as they start to position for the recovery from the Covid-19 pandemic, although risks remain.
During this interactive briefing, we will hear from a number of alternatives managers about their response to the extraordinary events of the past year and their outlook for the rest of the year and beyond.
The managers will identify where they are seeing the biggest opportunities and risks at the moment for their portfolios and explain the role their strategies could play in helping diversify client portfolios.
Attendees will also get the chance to network with peers, quiz our speakers, as well as benefit from CPD points.