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Angelo Gordon joins ranks of bond-flex CLO issuers
3 years ago
Angelo Gordon teamed up with Credit Suisse on Thursday to issue its first ever bond-heavy CLO -
It's all relative: CLO spreads explore record tights as credit indices hit impasse
3 years ago
CLO spreads are grinding to ever tighter levels, despite a flattish week for credit in which corporate credit indices have ended up more or less unchanged -
Anchorage upsizes 2016 bond-flex CLO by $267 million with reset
3 years ago
Anchorage Capital Group has reset its 2016 vintage bond-flex CLO, Anchorage Credit Funding 4, upsizing the deal by $266.7 million in the process -
Blackstone refinances mezz tranches of 2018 bond-heavy CLO
3 years ago
Blackstone Credit has teamed up with GreensLedge to refinance the mezzanine debt notes of a 2018-vintage inaugural bond-heavy CLO named Cirrus Funding 2018-1 -
It's all relative: Euro CLO mezz rallies to follow month-long IG/HY compression
3 years ago
European credit suffered this week with Brexit talks between the UK and the EU dragging on and both sides conceding that a trade deal is unlikely to be reached by Sunday’s deadline. But European CLO tranches have held up reasonably well with mezzanine spreads tightening by almost 13% in December -
Fortress partially refinances bond-flex CLO
3 years ago
Fortress Investment Group has partnered with GreensLedge and Natixis to partially refinance its 2017 vintage bond-flex CLO named FDF III -
The cost — a few basis points — is modest compared to the potency of bond buckets
3 years ago
If CLOs had bond buckets when Delta Air Lines issued debt, a manager could have bought the bond then rotated into the loan -
Brigade refis bond-flex CLO and junior notes follow order while seniors stand out
3 years ago
Brigade Capital Management has completed a partial refinanced of a bond-flex US CLO and in the process redressed one imbalance in terms of running coupons, while opening up another. -
Brigade prices rare refinancing of bond-flex CLO from 2018
3 years ago
Brigade Capital Management has partially refinanced a debut bond-heavy CLO from 2018 known as Brigade Debt Funding I, marking just the fourth such transaction of 2020 -
Senior bond-flex CLO tranches are 'cheapest bonds within securitised products': BofA
3 years ago
Triple A-rated notes of bond-flex CLOs are 'one of the cheapest bonds within securitised products', according to a new research paper by Bank of America -
Five year structures back in vogue as Diameter prices bond flex CLO
3 years ago
Diameter Capital Partners has priced the third five-year CLO structure amid the coronavirus pandemic, after teaming with GreensLedge to issue its latest CBO named Diameter Credit Funding III, -
Anchorage prices first-of-its-kind bond flex CLO refi
3 years ago
Anchorage Capital Group has taken the unusual step of refinancing three tranches of its 2018 vintage CBO named Anchorage Credit Funding 5. Creditflux data shows the deal to be a first-of-its-kind transaction -
Anchorage prices first five-year CLO structure since March
3 years ago
Five-year CLO structures have returned for the first time since the coronavirus outbreak, thanks to a bond flex deal issued by Anchorage Capital Group -
Credit Rendezvous: record fiscal stimulus provides pick-me-up
3 years ago
Credit markets had a mini bounce-back in the second quarter as central banks poured cash into the economy. But there is great uncertainty about the effects of a second wave of coronavirus. As part of our quarterly report on credit - the Credit Rendezvous - Creditflux spoke to experts across 12 segments of the credit market -
Redding Ridge CLO trumps Volcker rule to secure 10% bond bucket
3 years ago
Bond buckets have made a surprise early comeback into US CLOs, with Redding Ridge Asset Management last month issuing the first new issue, RR10, with a 10% allowance for secured high yield assets -
Redding Ridge CLO trumps Volcker rule to secure 10% bond bucket
3 years ago
Bond buckets have made a surprise early comeback in US CLOs, with Redding Ridge Asset Management issuing the first new issue, RR10, with a 10% allowance for secured high yield assets -
Anchorage explores possibility of first five-year CLO structure post-coronavirus
3 years ago
Anchorage Capital is testing the waters for the first five-year reinvesting CLO structure since the pandemic-led downturn -
Anchorage lands first bond-flex CLO after Volcker u-turn
4 years ago
Anchorage Capital Group has priced its first new issue bond-flex CLO of 2020 -
High yield pioneer Shenkman joins roster of bond-flex CLO issuers
4 years ago
Romark Credit Advisors, the CLO manager linked with Shenkman Capital, has joined the exclusive but growing group of bond-flex CLO managers -
Anchorage prices second-ever reset in bond securitisation market
4 years ago
Anchorage Capital Group priced a reset of 2015-vintage bond-flex CLO Anchorage Credit Funding 2 on Friday, completing just the second CBO reset in this market’s history -
Fortress prices its first CBO of the year
4 years ago
Fortress Investment Group priced its first new issue CBO of the year on Friday via GreensLedge, the lead arranger on the deal, and Natixis -
The question is not whether CLOs are too dangerous, but what more they could and should be doing
4 years ago
Contrary to recent headlines, CLOs could be the tool which help reduce the rate of climate change -
Diameter circles back to CBO market with its second transaction
4 years ago
Diameter Capital Partners yesterday priced its second CBO, just five months after issuing its first, according to market sources -
Capital structure emerges for forthcoming debut CBO from Sculptor
4 years ago
Sculptor Capital Management is set to join the ranks of the world’s CBO managers, according to market sources -
It may seem a bit rich for Welshcake to tell staid CLO investors they need to be more sensible
4 years ago
Bespokes are the next big thing — and you’d be wise to get involved
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