Collateralized Loan Obligations and Collateralized Debt Obligations

Chapman and Cutler attorneys have broad experience with collateralized loan obligations (CLOs) and collateralized debt obligations (CDOs), and we have been representing the full spectrum of participants in these transactions since the advent of the product in the early 1990s. We have represented underwriters and structuring agents, warehouse providers, collateral managers, investors, swap providers, monoline insurance providers, REITs, and trustees. Our lawyers have worked on many types of CLO and CDO products, including CLOs and CDOs backed by middle-market commercial loans, broadly syndicated loans, high yield bonds, commercial real estate loans, business development (BDC) loans, asset-backed securities and credit default swaps referencing asset-backed securities, and commercial loans.

The depth of our commercial lending practice enables our lawyers to gain knowledge of trends and market practices in the commercial loan market. We understand the commercial loan assets that are financed in the warehousing stage and assembled into term CLOs. Our lawyers also have substantial experience in debt restructurings and workouts, debt trading, and the regulatory and tax considerations relating to these transactions.

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