Refine Search
Article Categories
Strategy Tags
- Direct lending (7)
- Distressed (1)
- Emerging markets (1)
- High yield bonds (3)
- Investment grade credit (2)
- Structured credit (2)
- CLO (50)
- Distressed debt (3)
- Leveraged loans (6)
- Synthetic/SRT (2)
Geography Tags
-
AMMC, Marble Point and Partners Group each price US CLO refis
3 years ago
Three CLO managers have priced CLO refinancing transactions, with the three deals combining to a total of $1.03 billion. It brings the total volume of US refi paper in 2021 to $4.94 billion since the new year - just $180.9 million short of total post-covid refis in 2020 -
European CLO triple As circle early 2020 levels as Redding Ridge and Anchorage enter market
3 years ago
European CLO triple A spreads are set to drop to low to mid 90s with Anchorage and Redding Ridge marketing new issue deals -
Single name shorters get improved entry point after conviction test
3 years ago
Returning market optimism has taken credit spreads back to ultra-tight levels. But for bears, this posits a better entry level for short trades, and the recent blow-out may have given strong pointers where to target them -
Fracking servicer FTS files for chapter 11 protection
3 years ago
Fracking servicer FTS International filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas Houston yesterday. The credit is not widely featured in CLOs with only nine managers holding $47.9 million of FTI’s term loans -
Barclays prices Brigade US CLO after picking up mandate last week
3 years ago
Barclays has priced the new CLO for Brigade Capital Management that it dramatically grabbed the rights for last week after Citi resigned its role as arranger -
Newcomer wins Creditflux Manager of the Year award in virtual event
3 years ago
Last night Creditflux presented its first ever virtual hosting of our annual Manager Awards, with over 450 people tuning in live to see the winners announced -
$350 million of CLO collateral drips into default as oil companies file for Chapter 11
4 years ago
CLOs hold $353 million worth of debt of two oil and gas companies - Ultra Petroleum and Gavilan Resources - which have become the latest casulties of the precipituous decline in oil prices. The pair filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas on Thursday and Saturday, respectively -
Mid market CLOs open for business as Owl Rock prices first new issue after covid-19 shock
4 years ago
The primary market for CLOs backed by loans to middle market companies is open for business with Owl Rock Capital today pricing the first new issue mid market deal following the coronavirus outbreak -
Pemberton holds €800 million first close on credit fund after two months fundraising
4 years ago
Pemberton held a €800 million first close on Pemberton Strategic Credit Opportunities II in March, after the fund began fundraising in mid-January. It has a €1.5 billion to €2 billion target size -
TPG spins off credit arm Sixth Street
4 years ago
TPG has officially split from its credit arm TPG Sixth Street Partners, following talks with respective investors earlier this year -
CLOs nurse $172 million of Quorum's debt following bankruptcy - but recovery prospects look good
4 years ago
CLOs hold $172.9 million of the debt of US hospital operator Qurum Health Corporation, which filed for Chapter 11 in the US Bankruptcy Court for the District of Delaware last week -
Bank looks to unwind $632 million loan TRS
4 years ago
A US bank has looked to liquidate a total return swap vehicle by putting out a loan bwic, according to market sources, with the vehicle sized at $632 million -
Marathon issues CLO with limitation on B3 loans
4 years ago
Marathon Asset Management’s new $405 million US CLO has a 25% cap on loans rated B3 and below, says a source close to the deal -
Carlyle brings short CLO paper tighter with euro triple A refi
4 years ago
Short CLO spreads inched tighter in Europe yesterday after Carlyle Group refinanced the triple A notes of Carlyle GMS Euro 2013-1 at 66 basis points over Euribor -
Brigade moves quickly to line-up Libor replacement
4 years ago
Brigade Capital Management is engaging with its CLO investors to talk about a replacement benchmark for Libor. -
European managers find tight debt execution by refinancing once more
4 years ago
PGIM and Carlyle Group joined the growing list of CLO managers to refinance in Europe since the seven-month refinancing drought was brought to an end last month – and these managers are enjoying tight debt execution on their liabilities -
Global CLO league tables at a glance
5 years ago
A snapshot of the overall league tables as of 31 August -
US CLO league tables: GSO and Morgan Stanley close the gap on market leaders
5 years ago
CSAM and Citi are the market leaders when it comes to new issue CLOs - but there's growing competition -
Ares opts for low leverage as it prices $444.15 million CLO reissue
5 years ago
Ares Management has reissued its 2013 vintage deal, Ares XXVIII, producing one of the lowest levered CLOs of the year in the process -
Barings markets its fourth new CLO of 2018
5 years ago
Barings has mandated Morgan Stanley with arranging a new European CLO -
Alcentra markets its first new issue European CLO of 2018
5 years ago
Alcentra is launching its first new issue CLO of the year with pricing expected in the next two weeks -
Invesco hires former Schroders PM to fixed income team
6 years ago
Invesco has appointed former Schroder’s Tom Sartain as senior portfolio manager within its fixed income team -
BNP Paribas prices European CLO for Partners
6 years ago
The manager has returned to the CLO primary issuance market for the first time in 2018 -
BNP Paribas partners with Partners to plan a new issue European CLO
6 years ago
Partners Group has its sights set on becoming the 16th manager to price a new CLO in Europe in 2018 -
US five-year CLO reset spreads break 100bp barrier
6 years ago
US CLO reset spreads reached new tights yesterday as Ares Management restructured one of its 2015 deals
Want all the latest news, comment, analysis and data?