Refine Search
Article Categories
Strategy Tags
- Direct lending (2)
- Emerging markets (2)
- High yield bonds (6)
- Investment grade credit (2)
- Structured credit (3)
- CLO (remove)
- Distressed debt (4)
- Leveraged loans (7)
- Marketplace lending (1)
- Synthetic/SRT (2)
- ABL Financing (2)
Geography Tags
-
Not all resets created equal as some managers opt to keep triple C exposure high
3 years ago
A split is emerging in the CLO market, with some managers choosing to keep triple C concentrations elevated following a refinancing or reset transaction. As part of the trend, which began this month, some deals even refinanced while being in breach of portfolio concentration limits, typically set at 7.5% by rating agencies -
CLO pipeline: queue gets longer as Blackstone goes again and Sancus makes first move
3 years ago
The queue to price for US CLO managers is only getting larger with 18 new issue CLOs in the pipeline, according to market sources, along with 18 repricings and two new issue European CLOs and two mid market CLO resets -
Redding Ridge cuts triple C exposure with reset of debut CLO
3 years ago
Redding Ridge Asset Management reset its 2018 CLO RR 1 on Friday, cutting its Moody's Caa concentration from 8.9% to 3.03%, and its S&P CCC concentration from 10.1% to just 3.54% in the process -
Woah, we’re halfway there
3 years ago
Judging by the 2020 vintage, European CLO overlap is 50%. But varied approaches to holding bonds and the many loans managers turn down mean there are ways for issuers to outperform -
Redding Ridge goes tight with new $599.3 million CLO
3 years ago
Redding Ridge Asset Management teamed up with Credit Suisse on Friday to print its third new US CLO of 2021 -
CLO pipeline: and breathe... issuance splurge clears the backlog
3 years ago
Over 20 deals remain in the CLO pipeline, despite a glut of issuance last week in which 38 transactions priced, totalling $18.1 billion -
Redding Ridge goes big with $318 million upsize of 2017 CLO via reset
3 years ago
Redding Ridge Asset Management has reset its 2017 vintage CLO named RR 2, upsizing the deal by $317.7 million in the process -
Global CLO b-wic round-up: equity trades break new records as investors look to redeploy cash
3 years ago
The CLO secondary market is experiencing heavy churn with €273.5 million of European CLO paper and $1.05 billion of US CLOs listed last week. Within that supply, a record trade for a 2.0 European CLO equty tranche was recorded -
Redding Ridge takes yearly CLO volume to $2.35bn with second new issue in two weeks
3 years ago
Redding Ridge Asset Management priced its second US CLO in as many weeks on Friday, teaming with Barclays on the $647.5 million deal named RR 15 -
Ares, Brigade and Redding Ridge issue CLO resets totalling $1.61 billion
3 years ago
$1.61 billion in CLO resets issued on Wednesday as new deals emerged from Ares Management, Brigade Capital Management and Redding Ridge Asset Management -
Global CLO b-wic round-up: 2020 deals trade at premium
3 years ago
As the primary CLO market continues to grind tighter, the secondary market is holding steady, but last year's vintages are trading well as they near the end of their call-locks -
Redding Ridge sets US CLO benchmark with syndicated triple As at 112bp
3 years ago
Redding Ridge Asset Management scored a new issue record in the CLO market by printing triple A notes at just 112 basis points over Libor -
CLO pipeline: snow business like the CLO business
3 years ago
CLO issuers are putting aside the cold snap and are warming up with a flurry of deals. -
Redding Ridge prices its largest CLO of 2020 with first five-year deal post-covid
3 years ago
Redding Ridge Asset Management priced its sixth - and largest - new CLO of 2020 on Friday, naming the $520.71 million transaction RR 12 -
Global CLO b-wic round-up: junior tranches trade above par as US volumes reach $45bn
3 years ago
A busy week of over $1.4 billion of US CLO secondary bonds and €290 million of European CLO paper gave light to CLO spreads across the capital structure continuing their push towards pre-covid levels -
CLO rally keeps primary market flowing for most prolific issuers
3 years ago
The rally in CLO liabilities in September has given fresh impetus to the primary CLO market, which has benefitted from almost six months of favourable market dynamics -
Global CLO round-up: fresh start for five year deals as market reopens
3 years ago
The CLO market is still producing deals at a good pace, with $2.6 billion of global issuance last week. Four new issue deals priced in the US with Intermediate Capital Group and NYL Investors pricing their first transactions of the year while CVC Credit Partners made it two and Barings three in 2020 -
Managers weigh up matters of principal
4 years ago
CLO managers that were able to avoid OC traps made double-digit equity distributions in Q2, despite the headwinds. But these firms tended not to be among those that built the most par -
Global CLO league tables - July 2020 YTD
4 years ago
Global CLO league tables - July 2020 YTD -
Redding Ridge back as top CLO issuer post sell-off with new US and EU deals
4 years ago
Redding Ridge Asset Management has shot back to become the largest CLO issuer by volume since the sell off in March after printing a new issue apiece in the US and Europe, according to market sources -
Redding Ridge CLO trumps Volcker rule to secure 10% bond bucket
4 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
4 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 -
Global CLO b-wic round-up: US triple Bs edge wider but 2020 bonds trade at a premium
4 years ago
The furious rally that the secondary CLO markets have gone through over the last two weeks was brought a halt by the Federal Reserve’s reminder on Wednesday night that all is still not well with the economy -
US CLO league tables: light at the end of the tunnel as primary revives
4 years ago
May brought a rise in US CLO primary market activity with a combined $5.55 billion in new issuance for the month -
Onex prices second US new issue CLO in three weeks
4 years ago
Onex Credit Partners priced its second new issue US CLO in just three weeks yesterday, via Natixis, to become the fourth US CLO manager to price two new issue CLOs during the covid-19 pandemic
Want all the latest news, comment, analysis and data?