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Strong run helps CLOs shrug off Altice downgrade
14 days ago
It may be the largest triple C downgrade in years, but the CLO market is relatively unperturbed by Altice’s fall from grace. -
CLO managers laud market’s shift away from direct lending
1 month ago
This year’s annual SFVegas shindig had a record 8,900 registered delegates, and every CLO panel included a discussion of two key themes, including the highly publicised fight between the broadly syndicated loan space and private credit lenders. -
Hayfin appoints new US CLO head
6 months ago
Hayfin Capital Management has announced it has recruited Peter Swanson to head its High-Yield and Syndicated Loans team in New York -
US CLO credit Air Methods Corporation files for bankruptcy
6 months ago
Air Methods Corporation, a widely held name in the US CLO market, filed for Chapter 11 this morning reporting USD 1bn to USD 10bn in liabilities. -
Securities regulators call for improvement in practices in CLO market
7 months ago
IOSCO, an international policy forum for securities regulators, has called for improvement in practices in both the leveraged loan and CLO markets. -
LSTA hires new director of policy research
8 months ago
The Loan Syndications and Trading Association has appointed a new director of policy research -
Columbia names new loan and CLO head as Howard announces retirement
9 months ago
Columbia Threadneedle Investments has appointed the next head of its US bank loan team after current head Jerry Howard announced his retirement effective in January next year -
Recent US bankruptcies show non-DIP lenders wiped out
9 months ago
A trio of recent US bankruptcies is testing the CLO market's recovery assumptions, according to Debtwire’s Restructuring Database of recent court filings. -
Slow pace of loan prepayments increasing CLO tranche WAL, finds Barclays
10 months ago
Prepayment rates in the leveraged loan market have dropped to post-financial crisis lows, thereby increasing CLO debt tranches' weighted average life and slowing the pace of amortization for deals that have left reinvestment, according to new research published by Barclays -
Jump in loan prices sees CLO primary stall in the US
10 months ago
US CLO primary supply almost ground to a halt in June with just three transactions printing in the first half of the month -
Student loans emerge as headwind for loan market, says BofA
10 months ago
American graduates are poised to resume student loan repayments in August, and new research from Bank of America suggests the change could be a headwind for the loan market due to weaker consumer demand. -
CLO market finds feet again after ‘miniature credit crunch’ blows up spreads in March
1 year ago
Markets were rocked by what some observers have called a “miniature credit crunch” in March, with disruption beginning with the collapse of Silicon Valley Bank and ending with UBS’s takeover of Credit Suisse. -
Defaults rise yet fears of low recoveries hurt even more
1 year ago
Defaults and Chapter 11 filings are picking up this year amid tougher economic conditions for borrowers -
Antares adds to new syndicated loans unit with portfolio manager hire from Apex
1 year ago
Antares Capital has hired Andrew Stern as managing director and portfolio manager responsible for liquid credit -
Pimco promotes global lev fin and CLO head to managing director
1 year ago
Pimco's leveraged finance head is one of five senior officials promoted to managing director -
Job opportunity with Generate: CLO credit analyst
1 year ago
Generate Advisors has released details of the following job opportunity: CLO Credit Analyst, New York -
Barclays won't let sleeping dogs lie after another Newfoundland CLO reset
1 year ago
Newfoundland CLO, the long running and world's largest balance-sheet CLO, has been given a new leash of life by upsizing in a reset yesterday, according to announcements from Moody’s and Scope Ratings. -
Stunning January rally means CLOs are back in business
1 year ago
Longtime observers of the CLO market tell Creditflux they have “never seen the market move so quickly” after a rip-roaring January saw a spectacular rally in both loans and CLO debt. -
CLO equity investors join forces to take on lowly loan CSAs
1 year ago
Private equity firms have held the upper-hand against US loan investors in the past few months, but the largest CLO equity investors in the business are working together to redress the imbalance between PE sponsors and creditors -
Lights go out for Heritage Power with 120 CLOs left in the dark
1 year ago
US based power plant operator Heritage Power filed for chapter 11 bankruptcy in the bankruptcy court of Texas on Tuesday night, impacting $124.45 million of assets held by 120 US CLOs. -
Serta Simmons makes its bed again with default leaving CLOs with a restless night
1 year ago
$172.5 million of CLO assets defaulted on Monday after Serta Simmons Bedding filed for chapter 11 bankruptcy. -
CLO community pulls together to block Wellpet loan amendment
1 year ago
The power the CLO community can wield – if members stick together – has been underlined after a loan amendment proposed by Wellpet failed to pass -
Loan amendment alert: Wellpet offers 10bp CSA
1 year ago
Wellpet has issued a loan amendment request with a view to including a 10 basis points credit spread adjustment (CSA), market sources say. Although this is an improvement on recent amendments it still falls short, according to CLO investors. -
Beneath the triple C: Life could be better, but it’s just a letter, under the CCC
1 year ago
Many market participants were eagerly looking forward to a break in December after a gruelling year, but the rating agencies were in no mood to oblige. -
Loan managers must act to prevent CSA leakage, say CLO investors
1 year ago
CLO investors have made clear that managers need to stay on top of US loan amendments that are switching benchmark from Libor to Sofr
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