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Global Loan Highlights 1Q24: Don’t call it a comeback
2 months ago
Loan refinancing share hits historic high, but IG issuance stymies YoY global growth -
Full-year 2023 European Leveraged Highlights
5 months ago
Debtwire has released the full-year 2023 European Leveraged Highlights, containing key trends in the leveraged loan and high-yield bond markets -
November 2023 European Leveraged Highlights
6 months ago
Debtwire today releases the November 2023 European Leveraged Highlights, containing key trends in the leveraged loan and high-yield bond markets -
US loan market rallies despite increasing stress and default rates
8 months ago
Casual observers of the US broadly syndicated loan market may be forgiven for feeling a little confused at the moment. Despite rising default rates and growing stress, loan prices continue to rally, and the primary pipeline is busy. -
Double-dip refinancing hits US leveraged loan
9 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 -
CLO funds are hot in summer as they take nine spots in top 10 (Fund performance)
9 months ago
CLO funds took the lead through summer as the returns of the category index reached 1.88% and 3.18% in June and July, respectively. Both months saw a CLO fund as the top performer — Sound Point Meridian in June, and Oxford Gate Master Fund in July. -
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 -
Primary loan and bond markets shows signs of revival, but at a cost
10 months ago
Activity in the US junk debt market has picked up after the 4th of July and the momentum is expected to continue through 2H23, but at a cost for issuers. -
June 2023 US Leveraged Highlights
11 months ago
Debtwire has released the June 2023 US Leveraged Highlights, featuring key trends in the leveraged loan and high yield bond markets. -
Antares closes second senior loan fund with $6 billion
11 months ago
Private credit manager closes second round of senior loan fund with roughly $6 billions in commitments. -
Loan recoveries slump as investors bank on rebound
1 year ago
The average recovery rate for defaults in 2023 has declined considerably due to a combination of factors such as: cov-lite loans, priming activity in previous years, loan-only borrowers defaulting, and the sectors in which the defaults have been concentrated -
SEC charges former BlackRock PM with undisclosed conflict of interest
1 year ago
The Securities and Exchange Commission said it has charged a former BlackRock portfolio manager for failing to disclose a conflict of interest in a fund he managed from 2015 to 2019 -
LP round up: 27 managers find the top corner with investor wins
1 year ago
Credit fund managers like to take it one fund at a time and give it 110% for their 90-minute investor fund pitches - and it's working as $3.8 billion was allocated during November and early December. The gaffer would be proud. -
CLO investors set to lose out as CSA-less amendment passes
1 year ago
Covanta’s US loan amendment, which will result in a benchmark switch to Sofr without a credit spread adjustment, has passed. This will be a blow to CLO managers and, ultimately, CLO investors -
CLO managers to jump into action as Covanta loan proposal omits spread adjustment
1 year ago
Covanta Holdings is the latest example of a US loan issuer looking to switch benchmark from Libor to Sofr, but without an accompanying credit spread adjustment -
LP round up: two managers terminated as 20 win $2.5 billion
1 year ago
US institutional investors allocated over $2.5 billion to 20 credit managers in October, according to documents seen by Creditflux. Two credit fund managers however were terminated in the month -
Franklin Templeton wraps up deal for $35bn Alcentra
1 year ago
Franklin Templeton has completed its acquisition of BNY Mellon’s $35 billion credit unit Alcentra -
Infra specialist makes first SRT investment
1 year ago
An affiliate of Nuveen says it has invested in an SRT for the first time -
LP round up: Magnetar and Värde among winners as $3 billion flows to credit
1 year ago
Institutional investors allocated at least $3 billion to credit funds in August -
LP round up: 28 credit managers win $6.6 billion as San Diego carves private credit allocation
1 year ago
Pensions allocated over $6.6 billion to credit managers in June including Angelo Gordon, Antares, Apollo, Ares, Beach Point, BioPharma, Brookfield, CarVal, Cerberus... -
Pimco loan ETF finds good entry point for deployment
2 years ago
Pimco’s loan ETF, launched earlier this month appears well positioned to capitalise on the volatility that has hit the loan market in the last two weeks -
CLO managers in the mix for first US credit event auction since 2020
2 years ago
CDS contracts referencing Talen Energy Supply will be settled by credit event auction next month. And Talen's recovery levels will have relevance for a number of CLO managers that have held onto the company's debt - in some cases having bought more very recently -
LP round up: Oak Hill wins $3bn mandate as credit allocations near $10bn in March
2 years ago
Institutional investors revealed over $9.5 billion of allocations to credit funds in March. Oak Hill Advisors walked away with the largest mandate, as US heavyweight pension Calpers allocated a whopping $3 billion across several of its funds -
LP round up: two CLO funds win support as Cali pensions home in on private credit
2 years ago
Two investors revealed allocations to European and US CLO funds, private credit allocations increases and private credit consultant searches get underway -
US pensions assign $1.5 billion to 16 credit managers in December
2 years ago
US public pensions rounded off 2021 by gifting credit managers around $1.5 billion in commitments, according to documents seen by Creditflux
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