Refine Search
Article Categories
Strategy Tags
- Direct lending (1)
- Distressed (1)
- High yield bonds (75)
- Structured credit (1)
- CLO (20)
- Leveraged loans (remove)
Geography Tags
-
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. -
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" -
Widening asset/liability gulf will hurt CLOs: Barclays
2 years ago
A mismatch between CLO asset / liability rate risk is increasing in the US as more leveraged loan issuers opt for one-month pay frequency, Barclays credit strategists have found -
S&P revises US CLO stress tests to include recession-based scenarios
2 years ago
Standard and Poor’s has published revised stress test scenarios on the US broadly syndicated loan CLO market in light of increasingly negative market sentiment -
Attack-minded CLO managers capitalise on bearish outlook
2 years ago
Some of the most aggressive CLO managers have benefited from loan market volatility in March after having tweaked their portfolios in the months beforehand -
Fitch cuts US leveraged loan default rate projection
3 years ago
US leveraged loan default rate is anticipated to be just 1.5% by year-end 2022, according to a new report from Fitch Ratings. That’s down from the rating agencies’ original 2.5%-3.5% projection -
Alcentra makes leadership changes as European CLO head Rainbow goes part-time
3 years ago
Alcentra has announced changes to its leadership team with co-chief investment officer of liquid credit Graham Rainbow deciding to take on a part-time role at the firm -
US CLO portfolio manager set to join fast-growing Redding Ridge
3 years ago
A US CLO portfolio manager is set to join Redding Ridge Asset Management next month, taking the firm's CLO PM roster to three -
Investors proclaim ‘CLO arb is good’
3 years ago
Hold on to your hats: at long last market participants agree that US CLO economics are in favour of equity tranche investors -
Sterling-heavy loan b-wic points to PGIM CLO
3 years ago
A £233 million-equivalent portfolio of bids wanted in competition (B-wic) on loans, comprising £177 million worth of sterling paper and €65 million of euro paper, is almost identical to collateral of PGIM’s Dryden 63 GBP CLO 2018 -
DFG appoints CEO and makes several promotions including new co-CIO
3 years ago
A Partners Group official has been appointed chief executive officer of DFG Investment Advisers in New York as the firm makes several leadership promotions -
Academic highlights 1.0 CLO inflationary and cross-trading practices
3 years ago
CLO managers during and after the 2008 financial crisis used discretion in reporting the fair value of defaulted assets or loans downgraded to triple C, and may have inflated these fair values, according to a research presentation at Creditflux’s CLO Symposium in September -
Scale of coronavirus-linked defaults divides credit market
4 years ago
As governments and central banks around the world plough money into the economy in response to the coronavirus pandemic, the loan and CLO markets are nevertheless bracing themselves for a corporate downgrade wave to turn into a default cycle -
CLOs look at flipping frequency switch as corporates hold cash
4 years ago
European CLOs could be set to flick their ‘frequency switch mechanisms’ as a growing number of corporations go from paying quarterly to semi-annual coupons -
Elizabeth Warren demands data on tanking lev loan market
4 years ago
US senator Elizabeth Warren has requested leveraged lending data and detailed information about the risk posed by loans, having aired her concerns about covid-19's impact on this market in a letter to treasury secretary Steve Mnuchin -
CLOs pressured by sub-80 loan index as UBS predicts $550 billion of distress
4 years ago
CLOs were squeezed again today as the coronavirus selloff continues to hammer the loan market and UBS predicted many leveraged loans will become distressed -
The Last Tranche with THL’s Herzig: loan bifurcation and the direct lending safety net
4 years ago
For Creditflux's Last Tranche podcast, THL Credit’s Michael Herzig joins Hugh Minch and Seth Brumby to talk, among other things, about bifurcation in the US loan market, why some borrowers might suffer refinancing woes and how large direct lending funds can step in to provide financing to even large-cap companies -
Few CLOs charred by Murray bankruptcy
4 years ago
25 CLO managers hold $389.6 million exposure to the debt of coal company Murray Energy Holdings, which filed for Chapter 11 bankruptcy in the Southern District of Ohio on Tuesday, according to the latest trustee reports from CLO-i -
DFG hires experienced credit analyst in New York
5 years ago
DFG Investment Advisers has drafted in John Hwang as director and senior credit analyst on its leveraged credit team in New York -
CLOs are not like CDOs, says Barclays, but warns of loan quality impact
5 years ago
CLOs are far removed from the kinds of structured products that contributed to the 2008/09 global financial crisis, Barclays has argued in a wide-ranging research piece this week -
ArrowMark's Shaiman to take top role at LSTA
6 years ago
ArrowMark Partners’ Lee Shaiman has been appointed executive director of the LSTA, succeeding Bram Smith -
Former JP Morgan CLO head reunites with ex-colleagues at Churchill
7 years ago
The former head of JP Morgan’s US CLO group, David Heilbrunn, has joined Churchill Asset Management and reunited with former colleagues -
Paris-based Cartesia brings in former Morgan Stanley banker for CLO role
7 years ago
Paris-based credit manager Cartesia Finance has taken on an experienced structured credit specialist as a partner -
BlueMountain distressed head leaves after fund struggles, says Bloomberg
8 years ago
Bloomberg reports that BlueMountain’s head of distressed debt strategies, Ethan Auerbach, is leaving the firm after the fund significantly underperformed. -
BlackRock's head of US loans Hart steps down, says Reuters
8 years ago
Head of loans and CLOs Leland Hart is stepping down from his role at BlackRock after seven years at the firm
Want all the latest news, comment, analysis and data?