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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 -
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 -
CLOs pressured by sub-80 loan index as UBS predicts $550 billion of distress
4 years ago
CLOs were squeezed again today as the coronavirus selloff continues to hammer the loan market and UBS predicted many leveraged loans will become distressed -
CLO new issues shut down as market digests fiscal stimulus measures
4 years ago
The CLO and loan pipelines have dried up as managers and investors shift their focus to trading, according to market sources -
McDermott slips into bankruptcy with CLOs holding almost $1 billion
4 years ago
42 CLO managers hold $957.6 million of the debt of McDermott International, which filed for Chapter 11 bankruptcy on Tuesday. Under the plan, McDermott’s term loan and revolving lenders will receive 94% of McDermott’s reorganised equity and $500 million in take back senior secured term loans. Term loan claims are expected to recover 84%, according to a disclosure statement
5 results found Showing page 1 of 1
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