5min chapter

Macro Hive Conversations With Bilal Hafeez cover image

Shiloh Bates on Demystifying CLO Myths

Macro Hive Conversations With Bilal Hafeez

CHAPTER

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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