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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 -
Silvermine CLO becomes first 2.0 to miss equity payment, says Nomura
8 years ago
Silvermine Capital Management’s Silver Spring CLO has become the first 2.0 deal to miss a payment to equity following an overcollateralisation test breach -
CLOs set to be poisoned as Peabody's canary goes belly up
8 years ago
In this metaphor, the canary is Peabody's 2022 second lien loan. -
"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 -
Commodities slump claims its latest victim as Noranda is canned
8 years ago
According to CLO-i data, around $210 million of Noranda's 2019 term loan is held in CLOs, with 83 deals holding some exposure to the name. These deals are set to take a hit after Noranda filed for bankruptcy yesterday -
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. -
Repricing of risk sees 12 loan deals scrapped in Q4, says Fitch
8 years ago
Repricing of credit risk by institutional investors led to a significant decline in leveraged loan issuance in the fourth quarter, according to a report from Fitch Ratings this week -
US CLOs take yet another hit as Arch Coal goes up in smoke
8 years ago
Several US CLOs have taken a severe hit after embattled coal miner Arch Coal filed for bankruptcy yesterday -
Fitch predicts 2.5% loan default rate as energy credits run out of steam
8 years ago
US leveraged loan defaults are expected to hit 2.5% in 2016, according to Fitch Ratings -
Metals and mining loan defaults could hit 25% by year end, says Fitch
8 years ago
Loan defaults in the metals and mining sector could hit 25% by year-end if struggling coal miners Arch Coal and Peabody Energy are unable to stave off bankruptcy, according to research from Fitch Ratings
12 results found Showing page 1 of 1
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