Shiloh Bates on Demystifying CLO Myths
Macro Hive Conversations With Bilal Hafeez
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First in Line: Understanding Cash Flow in Bankruptcy
This chapter delves into the concept of being firstly in line for cash flow in bankruptcy and explains how this gives investors the first rights on cash flow and assets. It also explores leverage buyouts and the different tranches of COO, highlighting the potential for higher returns and alpha in COO double B tranches compared to corporate bonds.
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