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American Money Management considers refinancing of AMMC CLO 16
By Cady Vishniac
Detroit, Dec. 30 – American Money Management Corp. is mulling the refinancing of notes from its AMMC CLO 16, Ltd./AMMC CLO 16, Corp. offering, according to a Dec. 18 notice.
The CLO has informed noteholders that it is in discussions regarding the redemption of one or more classes of secured notes using proceeds from the sale of replacement notes.
The CLO previously refinanced in 2017.
The Cincinnati-based firm is a subsidiary of insurance holding company American Financial Group, Inc.
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