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Apollo picks up two hires from Bank of America
1 month ago
Investment bankers Tomasz Gruszka and Murad Khaled have joined Apollo and an affiliate from Bank of America -
European CLOs are sticking with Altice, research finds
3 months ago
Altice’s debt has been one of the biggest headaches for the CLO market in Europe this year but most managers have refrained from selling the debt according to a recent research report -
Strong run helps CLOs shrug off Altice downgrade
5 months ago
It may be the largest triple C downgrade in years, but the CLO market is relatively unperturbed by Altice’s fall from grace. -
AlbaCore expands with senior research hires
5 months ago
London-based AlbaCore Capital Group announced the expansion of its investment team last week, with the addition of a new Head of Research -
European companies reprice EUR 16bn of loans in 2024 as window opens
6 months ago
When the European loan market started to talk about rates peaking late in 2023, repricing rehearsed a comeback, but did so effectively in January this year -
Palmer Square liquidates 2022 CLO through BWIC
8 months ago
Palmer Square is the seller of a mammoth EUR 350m loan and bond BWIC portfolio that was auctioned last Thursday (4 January) as it has been winding down Palmer Square European Loan Funding 2022-3 -
Manulife Investment agrees deal to buy CQS
10 months ago
Manulife Investment Management, the global wealth and asset management portion of Manulife Financial Corporation, has agreed to buy London-based alternative credit manager CQS, including the CQS credit platform and CQS brand -
Securities regulators call for improvement in practices in CLO market
1 year ago
IOSCO, an international policy forum for securities regulators, has called for improvement in practices in both the leveraged loan and CLO markets. -
Arini's hiring spree continues as it builds out CLO platform
1 year ago
Arini continues to beef up its loan team with the hire of a senior member of the credit team at Rothschild -
Leveraged loan market shrinks as CLO trading grows
1 year ago
A lack of primary issuance has caused the leveraged loan market to shrink this year for the first time since the aftermath of the global financial crisis, according to market sources. -
34% of CLOs rated by Fitch out of reinvestment
1 year ago
34% of the CLOs rated by Fitch Ratings have left their reinvestment periods including six deals that exited in May, the rating agency said in a note to clients on Thursday -
Sterling-denominated leveraged debt faces greater challenges than euro, says Fitch
1 year ago
UK loans and bonds are facing greater challenges than issuers from other European geographies including bigger operational and capital market challenges, according to new research from Fitch Ratings -
Up-tick in M&A signals return of European loan issuance in H2
1 year ago
European CLO market participants are optimistic that new loan issuance will pick up in the second half of the year, with M&A deal-flow on the rise -
CLO PM tipped to join CVC in trading/capital markets role
1 year ago
The hire is understood to reflect the fast growth of CVC's CLO and performing credit business in Europe -
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 -
Carlyle liquidates European CLO warehouse as Credit Suisse exposure drops to zero
1 year ago
Carlyle Group has become the latest European CLO manager to liquidate its warehouse with Credit Suisse, according to sources, leaving the bank with no European CLO warehouse exposure -
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. -
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. -
CVC plots further quasi-CLOs after landmark €400 million deal
1 year ago
CVC Credit closed a CLO-like’ vehicle backed by senior secured loans in December. Officials at the firm say they are in early stage discussions to launch similar vehicles after interest from equity investors" -
European CLO managers trade loans to avoid (par) burn
1 year ago
Between March and July, European CLO managers traded €21 billion of assets within CLOs that were still in their reinvestment period as opportunities arose amid a weaker macro environment and Russia’s war with Ukraine -
Fitch raises European default rate assumptions with loans in tougher spot than bonds
1 year ago
Analysts at Fitch Ratings have raised their base-case leveraged loan default rate for end-2023 in Europe to 4.5% from 3.5%, and their severe-case rate to 6% -
Credit Suisse to streamline European CLO manager client list
1 year ago
Credit Suisse is unlikely to be among the heavyweights in European CLO origination with market sources indicating that the bank is reducing its CLO manager client list -
Beneath the triple C: Stormy October hits CLOs with rising tide of downgrades
1 year ago
After a slight respite in the pace of downgrades over the summer for CLOs, October brought renewed momentum as macro-economic pressures - primarily high interest rate burdens for corporate borrowers and supply side inflation - became the recurring rationale -
Private equity firms are becoming CLO converts: TwentyFour
1 year ago
Private equity firms have increasingly bought CLO and other securitised debt tranches in recent weeks instead of their usual preference for physical assets - a trade TwentyFour believes "makes perfect sense" -
US managers recalibrate as Euro CLO portfolio spreads rise: Moody's
1 year ago
CLO managers have had to readjust this year and data from Moody’s Investor Services shows weighted average rating factor scores for all US CLOs have held steady, while weighted average spreads have dropped 0.15%
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