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CLOs: Past, Present and (Possible) Future

[…] interest expense doubles and EBITDA slides 10-20%. BofA further stressed companies with 6x leverage/4x ICR and 7x leverage/3x ICR, reducing their EBITDA by up…

LIBOR Litigation: On ICE For Now

Elliot Ganz We have previously written about an important 2019 California case, McCarthy v. Intercontinental Exchange Inc, in which plaintiffs claimed that LIBOR is the…

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