281 CLOs set to be affected as Avaya files for bankruptcy1 year 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 catastrophe1 year 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 date1 year ago
Isda’s swaps determinations committee finalises timing of contested CDS trigger
Norske Skog auction gets underway as Portel puts CDS in the spotlight1 year 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 up2 years ago
In this metaphor, the canary is Peabody's 2022 second lien loan.
Loan holders hit out at Paragon bankruptcy plan2 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 canned2 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 conversion2 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 112 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 smoke2 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 case2 years ago
Preconcurso is not bankruptcy, rules Isda
No credit event yet on Abengoa, rules Isda2 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 CLO2 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 event2 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 bankruptcy2 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 shafted2 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 collapse2 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 fight2 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 proposals3 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 receivers3 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
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