February 2022 | Articles
CLO Solution Bermuda
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Collateralized loan obligations (CLOs) continue to appeal to global asset managers as a stable and attractive asset class. CLOs are also subject to increasingly tight regulation imposed on the issuers and directors of special purpose vehicles (SPVs) used for CLO issues.
CLO managers require clear, informed and practical advice on standards, procedures and risk management when setting up issuer vehicles.
Conyers has proven and longstanding expertise to advise on CLOs and structured products more broadly. We advise asset managers, arranging banks, trustees, and onshore counsel on the full spectrum of required legal, corporate and fiduciary services for CLOs and other structured products, including directorship, administration, regulatory, compliance and liquidation services. We are able to assist with all aspects of listings whether in the Cayman Islands, on the Cayman Stock Exchange (CSX), or in Bermuda, on the Bermuda Stock Exchange (BSX).
- Experienced Team: Our experienced legal team can advise on the full range of CLO transactions. We have an excellent track record of advising issuers from an offshore perspective. Many of our team have gained extra experience from secondments on the CLO structuring desks and internal CLO legal teams of Tier 1 arranging banks.
- Relationship-based: We foster and maintain long-term relationships with our clients to offer a service that is second to none. We make sure we have an in-depth knowledge of their operations to facilitate the successful execution of their transactions. We communicate regularly with our clients to keep them informed of what we are doing on their behalf.
- Responsive: We know the importance of turnaround times on CLO transactions during the key pricing and closing stages and ensure that we provide our clients and their US counsel with a timely and responsive service.
- Competitive Pricing: We are committed to being flexible on pricing and are happy to discuss fee ranges and expectations.
Conyers Corporate Services
Our Corporate Services teams in both the Cayman Islands and Bermuda can provide the full range of services required for the establishment and ongoing administration of SPVs. Working with our trust colleagues, we can establish a trust to hold the shares of the SPV, whether in the Cayman Islands or Bermuda. We continually monitor relevant regulatory developments to ensure that SPVs remain compliant.