The U.S. Leveraged Finance and Recovery team is producing a monthly podcast series entitled "The Upgrade." This series focuses on leveraged finance issuers that have upward rating potential, providing listeners with concise insights from the primary analyst along with relevant CLO market implications. In the time of Covid-19, other timely topics are also being discussed.

In episode 2 of "The Upgrade", we discuss how CLO investors faced off with distressed investors in Acosta's bankruptcy and how CLO investors may leverage their holdings to limit the extent to which distressed investors tilt the process in their favor.