PGIM upsizes 2014 deal in $1 billion reset
PGIM has laid claim to the largest primary market deal of 2016 after pricing a $1 billion reset, according to market sources

Container shipping: Struggling to stay afloat
Debt and overcapacity mean container shippers must consolidate fast to avoid further wrecks

Apollo scraps single-B tranche in 2012 CLO reset
Apollo Global Management has priced a reset of its 2012 CLO, ALM VII, with a markedly different capital structure to the original transaction

Investors chase ratings in the hunt for IG candidates
The ECB buying programme means that a single rating can drive up the value of a credit

Theme parks: scream if you want to go tighter
Investing in theme park debt is like taking a rollercoaster ride. Lately it’s been a thrill, but there are always ups and downs

Citi never sleeps as it launches three US CLOs in one day
CLOs can be like London buses: you can wait for ages without coming across one, and then a flurry will come along all at once

Citi prices 2016's first CLO reset in $430 million deal
Citi has priced the CLO market’s first refinancing of 2016, according to market sources, “resetting” a 2011 deal managed by a regular CLO issuer

CLO managers get a paper cut as Verso files for chapter 11
A handful of CLOs will take a hit after paper manufacturer Verso filed for bankruptcy yesterday

Ares to Volckerise 2013 CLO after selling last bond exposure
Ares Management is asking investors to vote on a Volcker amendment to its 2013 CLO, Ares XXVI

Quicksilver bond holders face wipe-out after first big energy failure
Quicksilver Resources has become one of the first examples of a large energy company to fail in the wake of falling oil and gas prices

US high yield manager coasts to strong returns with Wind assistance
A US fund manager had gone with the Wind 2021 bonds in a trade which has paid off recently

Fertiliser production: Caught in a bleak midwinter
Fertiliser makers have invested to prepare for growth – but the outlook is wintry and their cash is dwindling.

Residential mortgages: Servicers feel regulatory chill
Intervention by regulators and a lack of new assets is freezing growth among US distressed mortgage servicers

CLO equity buyer takes warehouse risk in new TCW CLO
A major CLO equity buyer appears to have signed up to a seven year warehousing agreement for an upcoming TCW CLO

There’s a lot of risk in the new issue market
Acuity Capital's John Harnisch takes our credit quiz

First Data holding boosts US credit hedge fund
Greenwich-based hedge fund manager posts strong fund returns as First Data raises equity