Refine Search
Article Categories
Strategy Tags
- Direct lending (52)
- Emerging markets (29)
- High yield bonds (96)
- Investment grade credit (37)
- Structured credit (45)
- CLO (159)
- Distressed debt (74)
- Leveraged loans (remove)
- Synthetic/SRT (39)
- ABL Financing (26)
Geography Tags
-
Credit Suisse/UBS deal to create $5 trillion asset manager
1 year ago
The emphasis is set be on wealth and asset management, according to a statement released by UBS in conjunction with its move to acquire Credit Suisse -
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. -
Proskaeur hires CFO specialist from SocGen
1 year ago
Proskauer has announced the appointment of Matthew Kerfoot as partner in its finance group in New York -
"Some CLO managers are asleep at the wheel and surrendering economics without any objection"
1 year ago
Some CLO managers aren’t blocking loan amendments with insufficient credit spread adjustments -
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. -
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. -
Fitch raises low end of its default forecasts for US leveraged loans and high yield
1 year ago
Fitch Ratings has increased the low end of its US leveraged loan and high yield default forecast ranges to reflect growing macroeconomic headwinds -
LA pension awards $675 million to illiquid credit managed account
1 year ago
The strategy will invest across asset-backed credit, loans, bonds, and specialty finance -
"This ‘higher rates for longer’ saga is more like the 1920-21 depression than the 1970s high inflation era"
1 year ago
Sometimes you have to swallow your medicine and take a step back to go forwards -
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 -
CLO investors set to lose out as CSA-less amendment passes
1 year ago
Covanta’s US loan amendment, which will result in a benchmark switch to Sofr without a credit spread adjustment, has passed. This will be a blow to CLO managers and, ultimately, CLO investors -
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 -
Cairn begins "new chapter" as it rebrands to Polus
1 year ago
Cairn Capital has been renamed Polus Capital Management, which brings it together with Bybrook Capital, the credit asset manager it acquired in 2021. -
Sculptor CEO Levin refutes "personal issue" accusation by ex-chief Och
1 year ago
Sculptor Capital Management’s independent board and the company’s chief executive officer and chief investment officer Jimmy Levin have fired back at former CEO and founder Daniel Och after he cited a “personal issue” in reference to Levin’s past -
Pemberton launches second senior loans fund
1 year ago
Pemberton Asset Management is launching a successor European senior loans fund, having registered Pemberton Senior Loans GP II with Luxembourg regulators in October -
What matters is what you do with it
1 year ago
CLO managers yearn for flexibility so they can take advantage when credit sells off. But it isn’t enough on its own: triple C-flex CLOs saw portfolios erode this year, while CBOs outperformed -
Warning signs flash as B3 share of loans reaches record level
1 year ago
Credit analysts are sounding the alarm as the portion of the loan and high yield universe rated B3 or B- surged to a record level in the third quarter -
Creditors look to block asset stripping in loan docs
1 year ago
Loan managers are using their increased negotiating leverage amid tighter credit conditions to push back on private equity sponsors’ ability to asset strip portfolio companies -
LP round up: $2.7bn flows to 20 credit managers as investors battle PE overallocation
1 year ago
Investors faced huge headwinds in September with inflation, rising interest rates, and geopolitical turmoil, alongside the UK gilts sell-off at month end -
Nerves of steel needed for CLOs as Phoenix Services files for chapter 11
1 year ago
CLOs hold $341.54 million of steel service provider Phoenix Services Topco which filed for chapter 11 protection in the US Bankruptcy Court for the District of Delaware yesterday -
Euro CLO trader lands at LGT to co-head liquid credit
1 year ago
LGT Capital Partners has hired a former Morgan Stanley European CLO trader as co-head of liquid credit -
Axa IM plots Euro CLO warehouse investment amid loan pressure and possible liquidations
1 year ago
Some European CLO warehouse may face liquidations and there will be further pressure on leveraged loans in the last quarter of the year, according to Axa Investment Management -
Judges rule in favour of Citi in overturning Revlon decision
1 year ago
Citi has won its appeal against Revlon creditors, forcing a consortium of asset managers to return more than half a billion dollars received in an accidental transfer in 2020 -
Cineworld buys ticket for DIP facility with chapter 11 filing
1 year ago
Cineworld filed for Chapter 11 in the US Bankruptcy Court For The Southern District Of Texas on Wednesday, less than a month after the UK-based cinema operator announced Chapter 11 was among the options it was considering to “achieve its restructuring objectives”
Want all the latest news, comment, analysis and data?