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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 -
HPS resets 2017 CLO bought from Bardin Hill
2 years ago
HPS Investment Partners has reset and upsized a 2017 CLO it acquired from Bardin Hill Investment Partners in 2021 -
European CLO weekly volume passes €4 billion as HPS resets former Bardin Hill deal
2 years ago
European CLO weekly volume rose to over €4 billion on Friday, with HPS Investment Partners rounding off the week -
HPS reworks Bardin Hill European CLO for first time since acquisition
2 years ago
HPS Investment Partners has refinanced a 2019 European CLO formerly managed by Bardin Hill -
Bardin Hill sells European CLO business to HPS with head Snyder set to retire
3 years ago
Bardin Hill Investment Partners has sold its European CLO platform to HPS Investment Partners -
OC health check: all quiet on the overcollateralisation front
3 years ago
Eight US broadly syndicated loan CLOs reported overcollateralisation test breaches last week during a quiet reporting period in which only 40 CLOs published a trustee report, according to CLO-i, but focus is turning to the swathe of CLO distributions coming due. -
Moody's downgrades three tranches of 2017 vintage European CLO
3 years ago
Moody's has downgraded three tranches of a 2017 vintage CLO managed by Bardin Hill -
Moody's downgrades three tranches of 2017 European CLO with negative cash
3 years ago
Moody's has downgraded €66.9 million notes of a 2017 vintage CLO managed by Bardin Hil -
OC health check: second European 2.0 CLO reports junior OC breach
3 years ago
33 deals reported overcollateralisation (OC) breaches last week in a relatively quiet reporting period. 314 deals are now reporting OC breaches as of the latest report, according to CLO-i. -
OC health check: some CLOs cure failures, but quarter of US deals still in breach
3 years ago
117 deals failed over-collateralisation tests in the last week, although only 46 of these were deals reporting breaches for the first time, according to the latest reports available on CLO-i -
Negative cash deal becomes first European CLO to fail OC test since sell off
3 years ago
260 US CLOs have failed an over-collateralisation test in the last two months and the first European CLO has breached a junior over-collateralistion since the credit sell off in March -
CLO market braces for another wave of loan downgrades
4 years ago
A wave of negative rating actions swept the leveraged loan and CLO market in April. “Companies will look to secure incremental capital which will lead to further rating pressure,” says Philip Raciti, portfolio manager and head of US performing credit at Bardin Hill Investment Partners -
Making arb work of it
4 years ago
In 2019, some CLO managers hoped that good timing would enable them to lock in favourable arbitrage levels, but others opted for aggressive or conservative tactics when building portfolios. -
Ostrum appoints structured credit head as it looks to issue US CLOs
4 years ago
The market has found a plethora of CLO managers looking to expand in Europe, but Ostrum Asset Management has gone the other way by hiring an experienced US CLO portfolio manager -
Spire wins Creditflux Manager of the Year award
4 years ago
Spire Partners was the big winner at Creditflux's Manager Awards last night as the London-based manager scooped the award for the manager of the year. On top of this, the firm picked up awards for Best European CLO Manager and Best European CLO for Aurium CLO II -
European spreads pushed wider with Bardin Hill's new CLO
5 years ago
The transaction has also catered to the growing demand for fixed rate notes -
Bardin Hill markets first European CLO under new branding
5 years ago
Formerly known as Halcyon Capital Management, Bardin Hill Loan Advisors is marketing its first new issue CLO since rebranding its platform last year -
Creditflux reveals finalists for most competitive Manager Awards ever
5 years ago
To compile the shortlist for the annual Creditflux awards, we select the best performers in credit using a combination of detailed, data-driven metrics. The winners will be announced on 8 May -
Halcyon resets 2016 European CLO with unusual capped triple A notes
5 years ago
Halcyon Loan Management has reset its 2016 deal Halcyon Loan Advisors European Funding 2016 via Citi -
Halcyon prices its second European CLO of the year
6 years ago
Halcyon Loan Advisors has priced its second European CLO of 2017 -
Halcyon markets its fourth European CLO
6 years ago
The manager is expecting to price its second European CLO of the year on 17 November -
Junior CLO spreads tighten as Halcyon prices new European CLO
6 years ago
While spreads at the top of the capital structure have edged wide of 90bp in recent weeks, a new Halcyon European CLO indicates there is strong demand for lower-rated notes
22 results found Showing page 1 of 1
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