Refine Search
Article Categories
Strategy Tags
- Direct lending (19)
- Emerging markets (1)
- High yield bonds (7)
- Investment grade credit (2)
- Structured credit (5)
- CLO (64)
- Distressed debt (5)
- Credit derivatives (3)
- Leveraged loans (10)
- Real assets (4)
Geography Tags
-
Fidelity produces rare 2020 CLO refi as Benefit Street reworks 2017 deal
2 years ago
Benefit Street Partners and Fidelity Investments each priced a CLO refinancing on Monday, with the two deals worth a combined $896 million -
Benefit Street scores new $505 million CLO
2 years ago
Benefit Street Partners teamed up with Morgan Stanley on Friday to print a new $505 million CLO named Benefit Street CLO XXIV -
Capital Four prepares for US CLO debut with four more hires
2 years ago
Capital Four says it has hired four team members to its New York-based US credit team as it expands its capabilities across the Atlantic -
Three CLO resets from Natixis grow market $450 million via upsizings alone
2 years ago
Natixis has priced CLO resets for Benefit Street Partners, Onex Credit Partners and Voya Investment Management that include big upsizings, with the combined total amounting to $455.1 million of additional CLO paper -
Benefit Street 2019 CLO cuts nearly 30bp from cost of debt
2 years ago
Benefit Street Partners teamed up with Wells Fargo to refinance its 2019 CLO named Benefit Street Partners XVII -
US CLO pricing lab: expensive legacy deals take priority as two-three year point on term curve tightens
2 years ago
The US CLO market may have gapped out in recent weeks, but expensive 2019 and covid-era CLO refis and resets are still in the money -
Benefit Street reissues 2015 CLO with triple As printing at 119bp
2 years ago
Benefit Street Partners teamed up with MUFG on Monday to reissue its 2015 CLO named Benefit Street Partners CLO VI, tweaking the deal's name to VI-B in the process -
US loan managers capture secondary opportunities as new issues struggle
2 years ago
US loan managers switched gears by sourcing loans in the secondary market in the second quarter. This came as pricing in the primary market became less attractive in the early part of Q2 and with new loan issuance slowing in May and June -
CLO pipeline: Man GLG resurfaces from six-year absence as deals exiting call-lock fill pipeline
2 years ago
CLO spreads have leaked out in recent weeks but deal economics are still favourable, encouraging managers to come back to the primary market for the first time this year -
Brevan Howard hires senior credit PM
2 years ago
Brevan Howard has hired an experienced credit portfolio manager in New York -
More US CLO refis price as supply weighs on spreads
2 years ago
CLO refi transactions from Benefit Street Partners and Hayfin Capital Management have priced, adding $788.8 million to primary volume -
Benefit Street prints its largest CLO since 2017
2 years ago
Benefit Street Partners priced its largest CLO in over three-and-a-half years on Tuesday, teaming up with Natixis on the $609 million deal named Benefit Street Partners XXII -
CLO pipeline: Carlyle eyes fourth new issue in two months but refis and resets dominate
3 years ago
Manager focus has shifted to reworking vintage CLOs to lower funding costs in a much tighter market, with the new issue US market having slowed -
Benefit Street scores first sub-90bp triple A CLO refi since June 2018
3 years ago
Benefit Street Partners has refinanced tranches from its oldest active CLO from 2013, Benefit Street Partners CLO II, placing its triple A notes at just 87 basis points over Libor -
Benefit Street prices second CLO reset in as many weeks
3 years ago
Benefit Street Partners teamed up with Citi on Friday to print its second CLO reset in as many weeks -
Benefit Street resets 2014 US CLO on its reinvestment date
3 years ago
Benefit Street Partners has reset its 2014 vintage CLO named Benefit Street Partners CLO IV for a second time, and on the day it was scheduled to leave its reinvestment period -
Benefit Street prints three-year US CLO via Citi
3 years ago
Benefit Street Partners has teamed up with Citi to print a three-year reinvestment CLO -
CLO pipeline: LCM switches arranger to complete deal and join issuance surge
3 years ago
Over $3.5 billion of global CLO issuance priced last week and managers in all three CLO markets are taking advantage of tightening spreads across the capital structure after three major covid-19 vaccine breakthroughs and increased confidence since the US presidential election -
Benefit Street markets its first-ever European risk retention compliant CLO
3 years ago
Benefit Street Partners is working with JP Morgan to issue its first-ever CLO structured to comply with European risk retention regulations, in a bid to attract international investors -
CLO pipeline: break's over - time to print deals
3 years ago
The CLO market has taken a slight pause after the independence holiday in the US last weekend, meaning the CLO pipeline includes a backlog -
Q2 US CLO volumes pass $14 billion as Benefit Street issues new deal
3 years ago
Benefit Street Partners has issued its first new CLO of 2020, bringing the total volume of US CLOs priced since the coronavirus selloff to $14.32 billion, according to market sources -
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 -
Akorn falls into bankruptcy with $321 million planted in CLOs
3 years ago
CLOs hold $321.3 million of specialty pharmaceutical company Akorn’s debt, according to the latest trustee reports from CLO-I, with the firm having filed for chapter 11 protection in the US District Court for the District of Delaware yesterday -
Past returns: Would-be CLO buyers turn sellers
4 years ago
Five years ago in Creditflux, we reported that the new generation of US 2.0 CLO managers were striving to grow their CLO AUM through manager acquisitions; namely, Benefit Street Partners and Triumph Capital Advisors, the pair having issued their debut CLOs in 2012 and 2014, respectively. -
US CRE CLO growth spurt encourages Europeans
4 years ago
The US CRE CLO market hit a record $19.2 billion in 2019 and sources say that a first ever European deal will be issued this year. They cite the growing commercial mortgage direct lending market on the continent as laying the foundations for a European CRE CLO.
Want all the latest news, comment, analysis and data?