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281 CLOs set to be affected as Avaya files for bankruptcy
7 years ago
The CLO market was hit by its first high-profile default of 2017 yesterday, after Avaya filed for bankruptcy. -
Moody's highlights low recoveries in energy credit catastrophe
7 years ago
Recovery rates for lenders to oil and gas companies were “catastrophic” in 2015, according to a report published yesterday by Moody’s. -
Isda rules that Oi bankruptcy went through on crucial CDS expiry date
7 years ago
Isda’s swaps determinations committee finalises timing of contested CDS trigger -
Norske Skog auction gets underway as Portel puts CDS in the spotlight
7 years ago
As Norske Skog goes to settlement auction, Portel files for bankruptcy on maturity day -
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. -
Loan holders hit out at Paragon bankruptcy plan
8 years ago
Holders of Paragon Offshore term loans, which are widely held by CLOs, have vehemently opposed the company's bankruptcy plans, according to a report by Debtwire -
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 -
Patriarch steps down from Zohar CLOs ahead of family office conversion
8 years ago
Lynn Tilton's Patriarch Partners has resigned from its role as manager on three Zohar CLOs -
CLO managers get a paper cut as Verso files for chapter 11
8 years ago
A handful of CLOs will take a hit after paper manufacturer Verso filed for bankruptcy yesterday -
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 -
Isda committee makes landmark ruling on Spanish bankruptcy case
8 years ago
Preconcurso is not bankruptcy, rules Isda -
No credit event yet on Abengoa, rules Isda
8 years ago
Isda's credit derivatives determinations committee yesterday decided that Abengoa does not (yet) count as a credit event -
GM's 2009 bankruptcy comes back to trouble TCW CLO
8 years ago
The 2009 restructuring of General Motors could come back to bite investors in a TCW Asset Management CLO after it was named as a defendant in a lawsuit earlier this month -
Market player asks Isda to rule on Ono credit event
8 years ago
An unnamed market participant yesterday asked Isda's credit derivatives determination committee to rule that a bankruptcy credit event has occurred on Ono Finance II -
Coal miner's loans plummet as it digs itself closer to bankruptcy
8 years ago
Energy-heavy CLOs are set for more pain as distressed coal miner Arch Coal edges closer to bankruptcy -
CLO managers escape worst as Walter Energy bondholders get shafted
8 years ago
US CLO managers will largely avoid fallout from the bankruptcy of coal mining firm Walter Energy, according to data from CLO-i -
Apollo dumps miner bonds ahead of price collapse
8 years ago
Apollo has disclosed that one of its funds sold its entire holding of senior secured debt in rare earth mining company Molycorp in late April -
Colt Defense bondholders build up arsenal in bankruptcy fight
8 years ago
Bond holders in US gun maker Colt Defense are reported to be doubling up their investments in the firm's debt as the firm negotiates its bankruptcy. -
US loan investors fight new bankruptcy proposals
9 years ago
The US leveraged loan market is preparing itself for another long legislative battle, this time over bankruptcy reforms -
Bond investors face near total wipe-out after Phones4U calls receivers
9 years ago
Bond investors face severe losses on bonds issued by UK phone retailer Phones4U after the company announced this morning that it is going into administration -
Distressed funds join forces in OGX restructuring dispute
9 years ago
Several distressed debt funds are joining forces to launch a legal battle over OGX's DIP financing -
Attention turns to recoveries as Energy Future triggers CDS
9 years ago
Isda's determinations committee has confirmed that Energy Future Holding's filing for bankruptcy on Tuesday represents a default for credit default swaps on the company -
Sub note holders brace for hit as Momentive heads for bankruptcy
10 years ago
Momentive Performance Materials said in a filing late yesterday that it is likely to file for chapter 11 bankruptcy as part of a debt restructuring deal -
Credit hedge fund takes battle with Argentina into space
10 years ago
Elliott Management attempts to seize profits from Elon Musk's Argentine space venture -
Loan holders triumph as Cengage unveils new restructuring
10 years ago
Loan holders won out when Cengage Learning announced a new debt restructuring agreement yesterday
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