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MidOcean cuts WACC by 90bps in 2023 reset
1 month ago
MidOcean Credit last week reset its 2023 vintage MidOcean Credit CLO XII in a deal that brought funding costs in by almost 90bps -
MidOcean prices fourth CLO of new era
2 months ago
MidOcean Partners continues its steady resurgence amongst the ranks of CLO managers, with yesterday’s pricing of the USD 410m MidOcean Credit CLO XIV -
MidOcean prices second US CLO of 2023
5 months ago
New York-based MidOcean Partners priced its 13th CLO on Thursday, arranged by Morgan Stanley with NatWest acting as co-placement agent -
CLO industry consortium to tackle Miami Triathlon in aid of cancer charity
1 year ago
A group of CLO industry specialists led by MidOcean Credit Partners' managing director Jamil Nathoo will participate in the Miami Triathlon next month to raise money for charity -
MidOcean syndicates triple As to 15 investors in latest CLO
1 year ago
MidOcean Credit Partners priced a new CLO via Deutsche Bank on Wednesday, with sources close to the transaction saying the deal's triple A notes were syndicated to 15 investors -
Stunning January rally means CLOs are back in business
1 year ago
Longtime observers of the CLO market tell Creditflux they have “never seen the market move so quickly” after a rip-roaring January saw a spectacular rally in both loans and CLO debt. -
Deutsche Bank evolves CLO investment strategy
1 year ago
Deutsche Bank has developed its US CLO investment strategy in recent months, with sources noting the bank has scored co-placement agent roles in two deals -
The Last Tranche with MidOcean's Rotondo: retail bid is the wildcard in leveraged loan market
1 year ago
In this episode of the Last Tranche, Joe Rotondo, senior portfolio manager on the credit investments team at MidOcean Partners, looks back on a turbulent year for the leveraged loan asset class -
CLOs at a glance (November 2022)
1 year ago
A listing of CLOs that have priced in the last month -
MidOcean returns with first CLO under new leadership team
1 year ago
MidOcean Credit on Friday priced its first US CLO since bringing in new leadership, marking the firm's return to primary issuance for the first time in almost three years -
US CLO pipeline: MidOcean and Seix look to end three-year drought as others rock and reload
1 year ago
14 US CLO managers are in various stages of marketing their latest offerings, with a wide scope of names for investors to choose from -
US CLO portfolio manager to join Onex
2 years ago
Onex Credit Partners has moved quickly to fill the void left by the departure of its head of US CLOs -
US manager hires Invesco CLO PM as it rebuilds
2 years ago
An experienced US CLO portfolio manager is set to join a credit firm that has in the last few months focused on rebuilding its CLO franchise -
CLO portfolio manager leaves MidOcean
2 years ago
An important figure in MidOCean's CLO business has left the firm. MidOcean has big hiring plans, but is in a CLO issuance drought having not priced a new deal since November 2019 -
Former Goldman CLO syndication head joins MidOcean in business development role
2 years ago
MidOcean Partners has hired a former CLO and ABS syndication head at Goldman Sachs as managing director -
CLO refi and reset volumes surge with $2.3 billion priced on Friday
2 years ago
CLO refi and reset volumes surged on Friday with $2.3 billion priced across the US market, according to market sources. Brigade Capital Management, MidOcean Credit Partners and New Mountain Capital reset regular-way CLOs, Blackstone Credit scored a regular CLO refi, Sculptor Capital Management refinanced a bond-heavy CLO, and Ivy Hill Asset Management reset a middle market CLO -
Five refis add $1.43 billion to CLO market
3 years ago
The CLO primary market has absorbed another $1.43 billion of refinancing paper as five managers printed cost-cutting transactions -
Issuers offer bespoke CLO terms to wealthy investors
3 years ago
An expanding group of well-capitalised investors is leading CLO issuers to tweak deal structures to offer tailored investments -
MidOcean employs rare tranche structure with 2016 US CLO reset
3 years ago
MidOcean Credit Fund Management has reset a 2016 vintage US CLO via Jefferies, upping the deal size slightly and shaving its funding costs in an unusual reconfiguration of tranches -
MidOcean redistributes lead CLO PM responsibilities following departure
3 years ago
MidOcean has moved to cover gaps left by the exit of Jim Wiant, who was responsible for CLO strategies as well as its long-only, opportunistic credit customised strategies -
Creditflux explores cure for CLO test breaches in today's live virtual briefing
3 years ago
What, if anything, managers should be doing to correct test breaches is the subject for our next live virtual briefing, held today on 9 July at 11am ET. -
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 -
New CLO affected as Fitch puts eight US single A tranches on negative watch
4 years ago
Fitch Ratings today added another 19 CLO tranches to its negative watch list, including eight that an original rating of single A, according to a statement from the rating agency -
2016 MidOcean CLO suffers downgrade to triple C amid par losses
4 years ago
Moody’s has downgraded the junior-most debt tranche in MidOcean Credit CLO V to Caa1 -
Flurry of US CLO refis takes year's tally to 16
4 years ago
Four US CLO refinancings took place on Friday, underlining that 12- to 18-month deals can price their senior liabilities in the low 100s
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