Refine Search
Article Categories
Strategy Tags
- High yield bonds (7)
- Investment grade credit (1)
- Structured credit (1)
- CLO (28)
- Distressed debt (15)
- Synthetic/SRT (5)
Geography Tags
-
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 -
Akorn falls into bankruptcy with $321 million planted in CLOs
3 years ago
CLOs hold $321.3 million of specialty pharmaceutical company Akorn’s debt, according to the latest trustee reports from CLO-I, with the firm having filed for chapter 11 protection in the US District Court for the District of Delaware yesterday -
222 CLOs hold bankrupt telecom firm as its signal fades
4 years ago
CLOs hold $334.5 million debt of Australian telecommunications company SpeedCast International, which filed for Chapter 11 bankruptcy protection in the District of Texas on Friday -
If history repeats itself, the best CLO play could be to hold equities
4 years ago
After a futile scramble for liquidity, LyondellBasel filed for bankruptcy in the early morning hours of 6 January 2009. Bad luck for CLO managers that were holding the loan? Not at all -
Longview Power turns to coal for handful of CLOs
4 years ago
CLOs hold $43.9 million of the debt of US power company LongView Power, which filed for Chapter 11 in the District of Delaware yesterday -
Frontier bankruptcy dials up pressure for 90 CLOs
4 years ago
Nine CLO managers hold $217 million of Frontier Communications’ debt across 90 CLOs, as the telecommunications company filed for Chapter 11 protection in the US Bankruptcy Court Southern District of New York -
CLOs process Internap bankruptcy as they hold $212 million
4 years ago
CLOs hold $212 million of the debt of Internap Technologies, which filed for Chapter 11 in the Bankruptcy Court for the Southern District of New York on on Tuesday -
CLOs feel flat after housing $335 million of bankrupt RentPath
4 years ago
CLOs house $334.5 million of the debt of RentPath Holdings, which filed for Chapter 11 in the US Bankruptcy Court for the District of Delaware on Wednesday -
Spectre of low loan recoveries fails to spook CLO market
4 years ago
CLO managers and equity investors are optimistic despite recent reports which suggest that future US loan recovery rates will be lower than during the financial crisis. -
CLO managers process Fusion bankruptcy implications
4 years ago
12 CLO managers hold $185.2 million exposure to the debt of the cloud services company, which filed for Chapter 11 bankruptcy -
Steinhoff CDS auction in limbo due to lock-up and CVA
5 years ago
A date to settle CDS referencing Steinhoff Europe had still to be agreed as Creditflux went to press — more than a month on from when the EMEA Determinations Committee (DC) ruled that the company had triggered a failure-to-pay credit event. -
US clothing brand default leaves CLOs exposed
5 years ago
As many as 100 CLOs are among the holders of debt issued by FullBeauty, which defaulted on 31 October on an interest payment to its $345 million second lien loans -
Kicking the tyres: CLOs survive examination as bankruptcies tick higher
5 years ago
US CLOs are weathering the turbulence triggered by a couple of bankruptcies in the broadly syndicated loan universe, namely US retailer Sears and American Tire Distributors. Those bankruptcies, filed on 15 and 4 October, respectively, have failed to dent CLO structures -
US leveraged loan defaults will stay low for some time, says Fitch
7 years ago
The US leveraged loan default rate is on track to end the year at 2%, according to a report from Fitch Ratings. The rating agency estimates that next year will be stable with default rates in the region of 2% -
Energy credits account for 49% of problem loans, reports Fitch
7 years ago
Energy companies are still overrepresented in the list of near-term default risks, according to research published yesterday by 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
Want all the latest news, comment, analysis and data?