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CLO equity returns suffer amid loan repricing wave, finds Nomura
7 years ago
CLO equity returns took a hit in January as increasing Libor and tightening loan spreads took their toll on CLO arbitrage, according to a research piece by Nomura -
CLO managers stop the rot as OCs stabilise
7 years ago
CLO junior overcollateralisation cushions stabilised in the third quarter, following their sharp fall in late 2015 and early 2016 -
Zais CLO tops Creditflux performance tables
7 years ago
Two Zais CLOs have produced strong returns, earning them a place in Creditflux's updated ranking for the highest CLO equity distributions in July -
1.0 managers take different paths to returns
7 years ago
CLOs managed in contrasting styles are showing that there is still value to be found is the shrinking 1.0 market -
Rally means US CLOs are fairly safe from OC test breaches, finds Nomura
7 years ago
US CLOs appear to be fairly well insulated from further overcollateralisation test breaches in the wake of a prolonged rally in the loan market, according to a new research report from Nomura. -
Symphony hits a high note as CLO makes huge first distribution
7 years ago
It's music to equity investors' ears as Symphony makes a huge CLO distribution after loan market volatility at the start of the year, according to market sources. -
Downgrades sting "static" Ares CLO
7 years ago
A short duration CLO run by Ares Management has been hit by downgrades after a change in fortunes over the last 12 months -
Southcross bankruptcy puts further pressure on CLO coverage ratios
8 years ago
Some CLOs are expected to take a sizeable hit after Southcross Holdings became the latest energy-related name to file for bankruptcy yesterday -
1999-style default party could hit CLO triple Bs, says Citi
8 years ago
Low prices mean that CLO mezzanine should make double-digit returns even under scenarios that cause a cashflow interruption -
Tight debt pricing pays off for CSAM as CLO makes huge first payment
8 years ago
A CLO managed by Credit Suisse Asset Management has recorded a near-50% annualised distribution to equity on its first payment date, according to CLO-i -
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. -
2006 CLO equity position beats price talk by 50 points to trade over par
8 years ago
A legacy CLO which returned 25.3% to equity last year, surprised some in the market by trading above par. A number of dealers had valued the tranche in the 50s. -
Credit woes take dramatic toll on CLO equity NAVs, says Citi
8 years ago
The median US 2.0 CLO has seen its equity NAV fall from 50% to 16% since April -
BAML markets US CLO for large credit hedge fund manager
8 years ago
BAML is teaming up with a regular CLO issuer for the first time in four years -
CLOs take a hit as shadow-rated borrower files for bankruptcy
8 years ago
Privately owned pipe maker Boomerang Tube yesterday filed for bankruptcy, after suffering from a sharp fall in sales to the oil and gas industry -
Sankaty to redeem 2006 vintage "Apex" CLO next month
8 years ago
Equity investors in Sankaty's Race Point III have voted to call the deal on next payment date, which falls on 15 July. -
CLO managers’ oil trades come good as loans tank
9 years ago
CLOs come under pressure but some managers make a well timed exit -
Called Landmark CLO surpasses $50 million in equity distributions with final payment
9 years ago
Landmark CDO V made a $6.7 million payment to preference shareholders on 1 December. The payment takes the CLO's realised IRR into double digits. -
CLO fund manager buys high-paying equity tranches in secondary
9 years ago
A large CLO investor has sourced equity tranches in CVC and GSO-managed CLOs. Both investments have recently made high equity distributions -
Investor fears grow over rising loan leverage in CLOs
9 years ago
Rising leverage is investors' biggest concern about CLO collateral, according to voting at the Creditflux Investor Summit earlier this month -
Babson euro CLO marks strong year with fourth high equity payment
9 years ago
A post-reinvestment Euroepan CLO is making sky-high equity payments -
Viridian sale continues to pay off for 3i equity investors
9 years ago
A European CLO managed by 3iDM made a 42.5% annualised distribution to equity in July -
3i CLO makes 50% equity distribution following Viridian sale
9 years ago
Garda CLO paid €3.6 million to subordinated noteholders on 15 July, recording the fifth-highest equity payment for a European CLO -
Golub CLO hits 26% running IRR after another high equity distribution
9 years ago
Golub Capital Management CLO 2007-1 has now made 40% plus annualised payments for three years running -
French retailer gives European CLOs a kicking
10 years ago
Pemba and Invesco deals have big exposure to troubled borrower
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