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Double B spreads move inside pre covid-19 levels as Neuberger Berman prices CLO
3 years ago
US CLO double B spreads are 75bp tighter than then were in early March with two Neuberger Berman deals highlighting the fact that investment grade CLO tranches have lagged junior tranches since the March sell-off -
Neuberger launches 'flexible' global credit Ucits fund with $200 million
3 years ago
Neuberger Berman has launched a flexible global credit Ucits fund to expand its $150 billion fixed income platform -
Bankrupt Hertz runs out of gas with CLOs holding $245 million
3 years ago
CLOs hold $245 million of Hertz’ debt as the US-based car rental company drives into bankruptcy protection, with the coronavirus panedemic putting brakes on the Estero, Florida-headquartered's firm car rental operations -
CLOs hold $100 million of Intelsat debt as it files for bankruptcy
4 years ago
CLOs hold nearly $100 million of the debt of Intelsat, a Luxembourg-headquartered fixed satellite services provider, which filed for chapter 11 protection in the US Bankruptcy Court for the Eastern District of Virginia late last night -
Who’s got the moves US: oil and gas leads renaissance for US CLO managers
4 years ago
The US leveraged loan market has held steady over the last two weeks. After rising to just below 87 of par in mid-April, the S&P LSTA US Leveraged Loan index closed at 85.75 to start this week -
Neuberger Berman eyes $500 million fundraise for CLO opportunity fund
4 years ago
Neuberger Berman has become the latest manager to launch a CLO opportunity fund with the New York-headquartered manager looking to raise $500 million for the vehicle -
CLOs at a glance: CLO primary market grinds to a halt
4 years ago
A round-up of CLO performance -
Secondary CLO triple As slump below October levels
4 years ago
The secondary CLO market is showing no sign of stopping the rut with triple A rated paper in European and US markets displaying more weakness -
Neuberger goes down in duration with one-year US CLO
4 years ago
Neuberger Berman has adapted to the sell-off in credit markets by launching a one-year reinvestment CLO, as opposed to a five-year deal -
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 -
Refi wave gets bigger as Apollo and Neuberger reprice CLOs
4 years ago
The US CLO refi wave continues unabated with Apollo Global Management and Neuberger Berman pricing the 27th and 28th refis to hit the market in 2020, according to market sources, pushing volumes to $12.5 billion in the process -
Neuberger Berman refinances 2014 US CLO
4 years ago
Neuberger Berman has become the seventh CLO manager to refinance a transaction this week, after teaming up with JP Morgan to rework 2014’s Neuberger Berman CLO XVII -
Neuberger joins rush of CLO managers refinancing 2017 deals
4 years ago
Neuberger Berman has joined the group of managers to refinance 2017 CLOs with a $368 million deal arranged by Citi -
CLO pipeline: a refi of nine cuts time (and margins)
4 years ago
Nine US CLO managers are preparing to refinance one of their CLOs to lower financing costs -
Three US CLO anchor equity positions go on sale one week after payment dates
4 years ago
A trifecta of control equity positions in US CLOs are available to bid on later today, one week after all three deals made scheduled payments to their investors. -
Global CLO b-wic round-up: US CLO equity returns in big way as four control positions hit the market
4 years ago
Over $230 million of US CLO equity went on sale last week via bid lists, the first time these assets have made their way to the secondary market in 2020. It also marks the most US CLO equity listed in a week since at least 2018, according to CLO-i -
Two CLO control equity pieces go on sale one day before major dates
4 years ago
A pair of control equity positions are up for sale today as investors test the waters in the secondary market -
Neuberger Berman splits new CLO tranche into principal and interest
4 years ago
Neuberger Berman has split its latest CLO's double A notes into principal and interest-only bonds, according to market sources, in a structure that echoes the ‘mascot’ features that rose to prominence in the CLO market this year -
CLO pipeline: DFG keeps its finger on the pulse
4 years ago
It will be a busy year-end for new issue CLOs in the US. DFG is returning with Pulsar II, using collateral sourced entirely from the secondary market -
Neuberger Berman becomes latest manager to put AMR into CLO
4 years ago
Neuberger Berman on Friday priced its latest CLO offering named Neuberger Berman Loan Advisers CLO 34 via BNP Paribas -
Neuberger and BNP Paribas team up for first new CLO as partnership for five years
4 years ago
Neuberger Berman Loan Advisors is teaming up with BNP Paribas on a CLO transaction for the first time in five years -
Neuberger Berman prices first ever CLO 2.0 with Credit Suisse
4 years ago
Neuberger Berman and Credit Suisse have issued their first ever CLO as a manager-arranger partnership in the 2.0 era -
Controlling equity stake in 2018 CLO fails to trade in secondary market
4 years ago
Over 90% of an equity tranche from a 2018 Sound Point Capital Management CLO was available on b-wic yesterday but failed to trade -
Neuberger Berman holds $1.7 billion final close for private credit fund
5 years ago
The strategy more than doubles fundraising for its predecessor fund NB Private Debt Fund II, which closed in October 2017 with $750 million -
Neuberger Berman prices senior CLO triple As at 133bp
5 years ago
Neuberger Berman priced $504.8 million CLO via Barclays last week
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