May 12, 2020
Gregg Jubin comments on the Federal Reserve revising its Term Asset-Backed Securities Loan Facility to allow CLOs that hold a broader range of leveraged loans to be used as collateral.
“It’s not going to open up the floodgates, but it can have some measured effects,” said Jubin. “This looks certainly better than the first iteration.” The changes may particularly benefit existing CLO warehouses that hold qualifying loans, he added.
Patrick Quinn and Ruth Merisier discuss the legal profession, working at Cadwalader, and more.
As published in Lawdragon.