Refine Search
Article Categories
Strategy Tags
- Direct lending (8)
- Emerging markets (9)
- High yield bonds (25)
- Investment grade credit (12)
- Structured credit (11)
- CLO (14)
- Distressed debt (remove)
- Leveraged loans (12)
- Synthetic/SRT (25)
- ABL Financing (4)
Geography Tags
-
Lumen Technologies ad-hoc group preps competing proposal
7 months ago
The refinancing of Lumen Technologies, currently held by 1311 different CLOs with a combined principal balance of USD 3.8bn, took a new twist today as details of a competing proposal emerged -
Double-dip refinancing hits US leveraged loan
8 months ago
Wheel Pros, a name still held by 219 CLOs with $414 million of total principal, announced details of a new refinancing deal last week featuring a controversial double-dip structure -
DebtDynamics North America: Likely-to-distress scores highlight struggling industries
10 months ago
Out of a universe of more than 12,000 leveraged US companies, 180 are in the stressed/distressed lifecycle categories -
Fund performance: August provides much-needed relief for CLO funds
1 year ago
.August fund performance -
Property firm's troubles mount while rest of market rallies
1 year ago
Financial markets have opened the week brightly on a mix of improved sentiment and technical repositioning. But one European high yield company is heading further into stress, against the flow -
Real estate stock manoeuvre sparks credit spread blow out
1 year ago
Adler Group's move to 'squeeze out' equity from a subsidiary business has prompted a sharp sell off in bonds and CDS attached to the company -
DC meets to consider next steps on Russia and RusRail CDS
2 years ago
The Emea Determinations Committee is meeting today, having accepted a request to rule on whether a potential failure to pay has occurred on Russian Federation CDS contracts -
Russia returns to default pricing as railway co awaits credit event vote
2 years ago
Russian credit spreads are once again under intense pressure and sanctions-related credit events are back under the spotlight as the country's state-owned railway company faces the scrutiny of the Emea Credit Derivatives Determinations Committee -
Ukraine crisis takes EU and Russian markets into new territory
2 years ago
Credit spreads went back to the wides again on Monday, after the European Union intensified its pressure on the Russian economy and reached an unprecedented agreement to supply Ukraine with weapons -
French co rattles investors on micro level as Russia overclouds macro
2 years ago
After a cautious opening, investors in the European credit market have resumed hedging as western leaders continue to talk up the prospect of Russia invading Ukraine and the Kremlin has dismissed hopes of a Biden-Putin summit as premature -
Not so distressed any more for table-topping hedge funds
2 years ago
Following a raft of global fiscal support programmes over the past couple of years, it would seem likely that distressed debt funds have struggled to find opportunities -
Gapstow expects strategic deals as credit manager M&A volume slumps to $120 billion
2 years ago
M&A volume involving credit asset managers dropped last year with total target value assets under management slumping to $120 billion from $149 billion in 2020 (and $254 billion in 2019), according to Gapstow Capital Partners -
Fund performance: Dominant CLO funds look to end the year with 20%-plus gains
2 years ago
Once again the Creditflux hedge fund top 10 is dominated by CLO funds, with seven funds among the best performers in September. -
Ucits at a glance: Altana moves into pole position
3 years ago
March marked a drop in pace for Ucits funds as only 62% of funds made positive returns, compared to 80% in February -
Fund performance: CLO funds pick up where they left off
3 years ago
New year, same funds leading the way with CLO strategies the top performers in January -
Ucits at a glance: CIFC nears positive 12-month returns
3 years ago
Ucits funds have started 2021 on a quiet note as 72% of funds achieved a positive return -
Financials lead as credit opens 2021 with optimism
3 years ago
Financial credits, and particularly banks, are among the big movers today with the market having opened 2021 in buoyant mood following agreements on a Brexit deal and US stimulus package -
Skybridge looks to cut structured credit and distressed debt exposure
3 years ago
SkyBridge Capital, the fund of hedge funds manager run by ex-White House communications director Anthony Scaramucci, is set to curb the structured credit and distressed corporate debt exposure in its SkyBridge G II Fund -
Noble and Hema produce disparate pay outs for CDS
3 years ago
This week has brought the high and lows of CDS settlement, with Noble Corporation bestowing an ultra low high pay-out for protection buyers after Hema protection sellers suffered less of a hit than was modelled by assumed recoveries -
Hema and Matalan deliverable lists outline payouts for CDS
3 years ago
Only one bond looks to be deliverable into a credit event auction to settle Hema CDS contracts, while two notes will be deliverable into Matalan CDS contracts -
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 -
Fund performance: Credit funds post double-digit gains
3 years ago
June returns have once again been led by CLO funds, as seven out of the top 10 belong to our CLOs category. -
Pimco stands alone in Hertz CDS tussle as recovery hopes fall
3 years ago
The Americas Determinations Committee has resolved a challenge on Hertz Corp deliverable obligations in time for tomorrow's credit event auction. But it was not a unanimous decision, with Pimco voting against other members -
SkyBridge slashes structured credit exposure by 32%
3 years ago
A New York-based fund of funds has slashed structured credit exposure by 32% since March while increasing distressed allocation by 16%, according to an investor letter seen by Creditflux. The fund is also rejigging the portfolio towards allocations with larger managers -
Bankrupt Hertz runs out of gas with CLOs holding $245 million
4 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
Want all the latest news, comment, analysis and data?