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Energy-heavy CLOs set for more pain as oil defaults edge towards 18%
7 years ago
Continued weakness in the oil and gas markets will likely cause two more energy-related defaults in August, according to an announcement from Fitch Ratings -
"Conservative" Silvermine suffers further downgrade
8 years ago
ECP CLO 2014-6 is the fourth Silvermine CLO to be downgraded in the last month -
Silvermine's junior CLO notes suffer downgrade to triple-C
8 years ago
Silvermine Capital Management has had several outstanding CLO tranches downgraded by Moody's, following a wave of energy-related loan downgrades. However, the deals have made strong recent equity distributions -
Forced-seller rumour leads to derisory price talk in CLO secondary
8 years ago
Plummeting CLO net asset values and rumours of a forced seller caused secondary market price talk to hit new lows on Friday, as two single-B tranches circulated with price talk of 10 cents in the dollar -
Energy-heavy Silvermine CLO takes ratings hit from S&P
8 years ago
A 2013 CLO managed by Man GLG Silvermine has become the first to suffer a ratings hit due to the commodities downturn, after its junior mezzanine tranche was downgraded by Standard & Poor's late last month -
Verso default pushes at least one CLO towards test breach, says Nomura
8 years ago
The recent chapter 11 bankruptcy filing by Verso has put one CLO in danger of failing its interest diversion test, according to a recent research note from Nomura. -
Cantor hires two mid-market debt specialists from Cowen in New York
8 years ago
Cantor Fitzgerald has announced the hire of two senior bankers to lead its debt capital markets origination unit -
Fund managers turn to gas for short plays
8 years ago
Traders see gas names as a better short now that oil-related opportunities have played out -
Energy investor raises $1.4 billion for new direct lending platform
8 years ago
A Houston-based energy specialist has held a first close on a new private debt fund and landed a $1.25 million managed account -
Opportunities open up in CLO equity as NAVs slump, finds Morgan Stanley
8 years ago
US 2.0 CLO equity net asset values have fallen significantly in recent months, presenting an opportunity for buyers, according to research published by Morgan Stanley
10 results found Showing page 1 of 1
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