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Credit fundraising: distressed keeps in favour but CLO ETFs emerge
3 years ago
Five months into global lockdown and distressed debt funds are still proving popular, but several managers have found success pitching other types of credit strategies -
CLOs hold $600 million of bankrupt retailer Tailored Brands
3 years ago
Tailored Brands has become the latest US retailer to file for Chapter 11 as a result of the coronavirus-induced pandemic. 37 US CLO managers hold $588.9 million in term loans of the Houston-headquartered firm, -
Double As reach 200bp as HPS prices European CLO
3 years ago
HPS Investment Partners has priced its inaugural European CLO of 2020 via BNP Paribas, achieving market tights across nearly all parts of the capital stack -
HPS markets largest European post-covid CLO via BNPP
3 years ago
HPS Investment Partners has returned to the European CLO market after 14 months' hiatus, marketing the largest European post-covid CLO transaction -
LP round up: horseshoe does the trick for Pimco and other distressed managers
3 years ago
Institutional investors poured $2.7 billion into credit this week through 14 managers, according to board documentation seen by Creditflux -
European CLO triple As grind tighter as GoldenTree prints largest transaction since outbreak
3 years ago
The €373.7 million transaction is the biggest CLO in Europe since the coronavirus pandemic began -
Debut European CLO manager prices triple As 30bp tight of the market
3 years ago
A London-based manager has become the second to debut in Europe this year, following CBAM's Vendome Funding -
CBAM become's Europe's first debut CLO manager of 2020
3 years ago
CBAM has become the first CLO manager to price its debut European transaction in 2020 -
US CLO league tables: coronavirus brings changes in approach and new top manager
4 years ago
Amid a big slump in CLO primary issuance, new deals have taken focus and there are some notable changes at the top of the league tables -
Who’s got the moves Europe: CLO managers enjoy climb of Everest
4 years ago
The European S&P/LSTA Leveraged Loan index enjoyed a strong month in April as it rose from 83 of par on 1 April to 89.2 by the end of the month. The index closed at 89.4 on 4 May to start the week -
CLOs hold $189.3 million of J Crew as coronavirus pushes firm into bankruptcy
4 years ago
12 CLO managers hold $189.3 million debt of US retailer and household name J Crew (parent company Chino Holdings), which filed for Chapter 11 in the US Bankruptcy Court for the Eastern District of Virginia on Monday -
Who's got the moves Europe: TV producer's loans rally most as recovery begins
4 years ago
The S&P/LSTA European Leverage Loan Index ended the week at 82.98 on 3 April – recovering 4.06 points from 78.92 on 24 March which was the lowest point for the index since the 2008 financial crisis. -
Beneath the triple C: mighty CLO buckets from Akorns grow
4 years ago
Rating agencies went on a downgrading spree in February, with Moody’s and Standard & Poor’s cutting 20 corporate names to triple C or below – affecting $2.78 billion of paper in US CLOs and €316.6 million in European CLOs. -
US CLO league tables: $2 billion reissue fires Apollo and JP Morgan to top spots
4 years ago
Apollo Global Management and JP Morgan teamed up to price the largest CLO of the 2.0 era in February that helped propel both to the top of the US CLO and global CLO league tables -
Canaras makes CLO return with first new issue since July 2018
4 years ago
Canaras Capital Management has made its big CLO comeback after 18 months, pricing a new issue deal via Jefferies named Saranac CLO VIII -
US loan trading: CLO managers on cloud nine after Ultimate Software allocations
4 years ago
CLO managers took down about 27% of Ultimate Software's loans in April, when the cloud operator issued its $2.3 billion first lien term loan due 2026, according to CLO-i -
Voya prices new CLO to highlight demand for new issues over resets
5 years ago
Natixis has priced its second CLO in as many working days with the bank following up Friday’s reset of Denali Capital CLO XI with a new issue transaction yesterday named Voya 2018-3 -
Global CLO round-up: buttermilk-shakes things up as CLO spreads go everywhere
5 years ago
Ahead of the US Labor Day weekend, CLO issuers have been grafting away with $6.5 billion pricing across the US market through 11 deals -
US CLO league tables: new issue deals bring 2018 volumes to $140 billion
5 years ago
Half a year in and we’ve seen $140.7 billion worth of CLO activity in the broadly syndicated loan CLO market – just $4 billion behind H1 2017’s ground breaking volumes -
US league tables: managers move on from refis to price record $37.5bn of new CLOs
6 years ago
US CLO managers have been looking to build AUM this year, which is a turnaround from 12 months back when CLO refinancings dominated proceedings -
US CLO round-up: 2017's leading managers come back for more
6 years ago
Three of the most active managers in the CLO market this year – including two who dared venture into the primary market in the opening weeks of 2017 – returned to price their latest CLO transactions this week. We look at which managers have been most active in 2017 across new issue, refis and resets -
Brigade joins forces with Morgan Stanley to price new issue US CLO
6 years ago
The deal is the manager's first new issue CLO of 2017 and priced on Wednesday -
Chicago based manager returns to the CLO market after 12 months
6 years ago
A boutique CLO manager, best known for its mid-market lending business, has refinanced its broadly syndicated loan CLO -
KKR prices triple As at 123bp in latest CLO reset featuring a yen repack
6 years ago
KKR Credit has priced a reset of its 2014-vintage deal KKR CLO 10. The reset triple As priced at 123bp - which is inside two new issues that have printed this week -
NYL prices US CLO triple As at 89bp in refi of 2015 deal
6 years ago
NYL Investors has refinanced three senior tranches of Flatiron 2015-1 CLO, sources say
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