Refine Search
Article Categories
Strategy Tags
- Direct lending (740)
- Distressed (1)
- Emerging markets (191)
- High yield bonds (522)
- Investment grade credit (256)
- Structured credit (616)
- Distressed debt (374)
- Leveraged loans (953)
- Marketplace lending (28)
- private credit (3)
- Synthetic/SRT (329)
- ABL Financing (192)
Geography Tags
-
Do resets help CLOs perform better?
7 months ago
As the market for CLO resets opens, we look at the performance of deals that were previously reset, and find they soon deliver higher distributions than those deals that were not reset -
Credit funds at a glance (September 2023)
7 months ago
A round-up of people moves and fund raising -
Appeals court and SEC rule in favour of CLO market
7 months ago
The US CLO market breathed a sigh of relief in August as two major regulatory rulings went in its favour -
Credit hedge fund returns (September 2023)
7 months ago
Credit hedge fund returns -
Lumen Tech downgrade leads to estimate that 9% of CLOs could breach OC tests
7 months ago
One of the most widely held names in US CLOs was downgraded in August. S&P carried out a two-notch downgrade of Lumen Technologies on 16 August from B to CCC+ -
Spread tightening creates space for smaller CLO issuers
7 months ago
CLO liabilities tightened sharply through July and August in the secondary market, led by triple A tranches that now trade at around 150 basis points over Sofr -
CLO funds are hot in summer as they take nine spots in top 10 (Fund performance)
7 months ago
CLO funds took the lead through summer as the returns of the category index reached 1.88% and 3.18% in June and July, respectively. Both months saw a CLO fund as the top performer — Sound Point Meridian in June, and Oxford Gate Master Fund in July. -
CIBC adds structurers to growing CLO team
7 months ago
CIBC has continued to build out its CLO arrangement capabilities with the addition of two experienced New York-based structurers -
MM CLO rankings - August 2023 YTD
7 months ago
Our latest CLO rankings show $3 billion of US middle market issuance in August, and brings the number of managers accessing the market this year up to 23 -
European CLO rankings - August 2023 YTD
7 months ago
Our August CLO rankings show €1.8 billion of European issuance in the month, a slight decline on July's €1.9 billion figure -
Big banks see small changes in CLO holdings — but that may change in third quarter
7 months ago
The major bank buyers of CLO triple A notes saw limited change in their holdings during the second quarter, according to their latest financial statements -
US CLO rankings - August 2023 YTD
7 months ago
Our latest CLO rankings show $7.9 billion of US broadly syndicated issuance in August as the market continued to bounce back, with nine managers accessing the market for the first time this year -
Print and sprints from 2022 generate near record returns
7 months ago
A select group of print and sprint CLOs that priced in the summer of 2022 are generating near-record IRRs on the back of the rally in the loan market over the past 12 months. The CLOs in question were structured with one-year non-call periods and were liquidated in August. -
CIFC prices first middle market CLO
7 months ago
CIFC priced its first middle market deal last week through its direct lending affiliate LBC Credit Partners -
European CLO triple As join the sub-170bp club as Redding Ridge deal prints
7 months ago
Redding Ridge printed the largest (and tightest) European CLO this year in a €499.35 million transactions priced by BNP Paribas -
Bank of America prices three CLOs in a day
8 months ago
The bank managed to make the triple with a new CLO for Octagon, a reset of a 2022 vintage deal for Voya, and a highly unusual partial refi of a static CLO for Marathon -
US triple As reach 165bp as BlackRock CLO prices
8 months ago
Nomura priced the tightest vanilla CLO of the year for BlackRock yesterday, a $504 million new US CLO called Magnetite XXXVII -
KKR goes static for latest European CLO
8 months ago
KKR has priced a new static European CLO, arranged by Morgan Stanley -
Tikehau Capital announces new head of structured credit
8 months ago
Senior-level appointments at asset manager include a new head of its CLO management business -
Neuberger Berman prices groundbreaking lightly-syndicated CLO
8 months ago
Neuberger Berman has priced the first CLO backed by lightly-syndicated US loans, a $404.7 million deal that was arranged by SMBC Nikko with Citi acting as placement agent -
Triple As dip back under 170bp as Ares reset prices
8 months ago
Citi reset a 2022 vintage US CLO for Ares on Wednesday, the first deal this month with triple A levels below 170bp -
US CLO liabilities continue to tighten as Morgan Stanley prices new deal
8 months ago
Morgan Stanley priced a new broadly syndicated US CLO for Barings yesterday in another extremely tight print -
Tikehau sees market-tight triple A print on new Euro CLO
8 months ago
Tikehau Capital priced a new CLO on Friday and its triple A notes came in at a market-tight print of 175 basis points over Euribor -
PGIM's latest CLO is tightest regular new issue of 2023
8 months ago
PGIM priced a new vanilla US CLO named Dryden 102 on Friday with the tightest capital structure of the year -
Monthly new US CLO volumes highest since May as MJX prices new deal
8 months ago
US new CLO volumes for August surpassed $6 billion on Friday after MJX Asset Management priced its second deal of the year named Venture 48
Want all the latest news, comment, analysis and data?