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- Direct lending (1)
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LP round up: Magnetar and Värde among winners as $3 billion flows to credit
1 year ago
Institutional investors allocated at least $3 billion to credit funds in August -
Bankrupt Hertz runs out of gas with CLOs holding $245 million
3 years ago
CLOs hold $245 million of Hertz’ debt as the US-based car rental company drives into bankruptcy protection, with the coronavirus panedemic putting brakes on the Estero, Florida-headquartered's firm car rental operations -
Beneath the triple C: April showers send buckets overboard
3 years ago
Downgrade waves rocked the CLO market in April as Moody's and Standard & Poor's downgraded 135 corporate borrowers to triple C or below, from ratings above that level. The downgrades put CLOs in rough waters as $41.6 billion of such loans are prevalent in US CLOs while €5.64 are moored in European CLO portfolios – affecting 5.92% of the US market and 4.37% of the European market -
Who's got the moves US: Carlyle leads as $3.7 billion of CLO loans recover
4 years ago
CLOs were exposed to $833.4 million worth of paper in the 10 term loans that suffered the largest price falls last week. But CLOs also had exposure to $3.67 billion of loans that recovered the most over the seven days. -
Clover Tech cov-lite loan blots CLOs after spilling a third of its value
4 years ago
The past week’s biggest declining loan by some way, for printing cartridge maker Clover Technologies (aka 4L Technology), is a worry for CLO portfolios as some 21 managers hold the name, according to CLO-i -
Sears CDS battle heats up as DC challenged to change auction rules
5 years ago
A high profile battle over Sears Roebuck Acceptance Corp credit default swaps has taken a new turn, with one market participant challenging the Americas Determinations Committee to change its rules to avert price manipulation by another market participant in the bankrupt retailer's credit event auction -
Loan rout gifts CLOs a par-building Christmas present
5 years ago
Correction time is here, as Charlie Brown once (almost) sang, building par and cheer. Fun for all that managers call their favourite time to... deal -
Spotlight: Local exchange carriers - calling for rescue on the M&A hotline
6 years ago
Growth-starved US phone companies are seeing consolidation as the best way to improve performance -
ICG prices first euro CLO since 2014 following new hires
7 years ago
Intermediate Capital Group has priced its first European CLO in nearly two years, according to market sources -
High yield manager plans debut CLO after key portfolio manager hire
10 years ago
Market sources say that an established money manager is planning its first CLO after 30 years specialising in fixed income strategies
10 results found Showing page 1 of 1
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