- Direct lending (170)
- Emerging markets (101)
- High yield bonds (250)
- Investment grade credit (129)
- Structured credit (134)
- CLO (remove)
- Distressed debt (158)
- Credit derivatives (145)
- Marketplace lending (27)
- Real assets (101)
CBOs aren’t fixated on interest rate moves1 year ago
The loan sell off at the start of this year highlighted that CBOs are not a play on interest rates or bond prices — they’re taking advantage of the flexibility to rotate between loans and bonds
Few CLOs charred by Murray bankruptcy1 year ago
25 CLO managers hold $389.6 million exposure to the debt of coal company Murray Energy Holdings, which filed for Chapter 11 bankruptcy in the Southern District of Ohio on Tuesday, according to the latest trustee reports from CLO-i
Largescale triple C downgrades 'look inevitable' due to loan performance, says TwentyFour1 year ago
US leveraged loans are underperforming and a wave of downgrades to triple C ‘looks inevitable’, according to TwentyFour Asset Management
CLO supply set for double-digit drop in 2020, says JP Morgan1 year ago
US CLO supply in 2020 will be as much as 20% down on 2019, while European issuance will fall 13% year-on-year, predict JP Morgan strategists in a research note. Even so, new CLOs should still outpace existing deal paydowns, as well as high yield primary market net new issuance
US insurer to allocate $1 billion across CLO tranches, corporate loans and bonds1 year ago
Managers have until Tuesday to submit proposals to New York State Insurance Fund, which is seeking CLO, bank loan and high yield corporate bond managers to invest $1 billion in separately managed accounts
Euro loan trading: Swissport flies into CLO hands1 year ago
A total of €339.9 million of Swiss airport business Swissport boarded CLOs in August, making it the most popular issuer in August
US loan trading: CLOs treated to DaVita as Refinitiv outflows escalate1 year ago
US CLO managers were treated to a $2.75 billion term loan B by kidney dialysis services provider DaVita, which became the most popular issuer in August. And Refinitiv US Holdings continued to be the most sold US issuer by CLOs, according to the latest trustee reports from CLO-i
Highland files for bankruptcy1 year ago
Highland Capital Management filed for Chapter 11 bankruptcy in the Bankruptcy Court in the District of Delaware (Docket No. 19-12239)
CVC adds Alcentra official to investor relations team in London1 year ago
CVC Credit Partners has appointed a managing director in its investor relations team from Alcentra
Deluxe bankruptcy causes picture to blur for CLOs1 year ago
CLO managers hold $598 million of the video services company’s term loan, according to the latest trustee reports from CLO-i
Ares spots growth in Australia and forms distribution JV with Fidante1 year ago
Ares has teamed up with Fidante Partners to boost its distribution capabilities in Australia and New Zealand across its credit, private equity and real estate strategies
Typical CLO structures can’t take advantage of dislocation in the high yield bond market – yet1 year ago
High yield bond buckets in CLO 1.0s allowed managers to build par — it is time CLO 2.0s had the same opportunity
Beyond blacklists: the next step in ESG1 year ago
Credit managers are integrating ESG into their investment processes, but that does not mean they are unable to invest in unethical credits — they can, if they are paid adequately for the risk.
Brigade moves quickly to line-up Libor replacement1 year ago
Brigade Capital Management is engaging with its CLO investors to talk about a replacement benchmark for Libor.
CLOs finally get green cards as ESG makes its way to US market1 year ago
The rapid rise of environmental, social and governance (ESG) guidelines in financial markets has made its way across to the US CLO market, with several managers and investors last month announcing strategies geared towards ESG compliance.
Repo market bumps heads with credit to suffer SOFR doubts1 year ago
The reliability of the Secured Overnight Financing Rate (SOFR) was called into question last month when it spiked to a level more than double its usual value.
CarVal’s independence backed by five-year Cargill loan1 year ago
CarVal Investors’ management buy-out from parent company Cargill will be financed with a five-year term loan from Cargill alongside equity contributions by management, documents seen by Creditflux reveal.
Spectre of low loan recoveries fails to spook CLO market1 year ago
CLO managers and equity investors are optimistic despite recent reports which suggest that future US loan recovery rates will be lower than during the financial crisis.
CLOs take advantage of valuations to cash out of Refinitiv1 year ago
Refinitiv US Holdings was the most sold US issuer in July immediately following the announcement that the London Stock Exchange Group was to buy the firm.
Points up front: Best to price your deals between 12 and 6am1 year ago
The latest addition to JP Morgan’s index suite — which aims to quantify the impact of US president Donald Trump’s tweets on the financial markets — has been so popular it has landed its own Wikipedia entry
Fund performance1 year ago
A round-up of fund performance
Ucits at a glance1 year ago
A round-up of ucits fund performance
Credit funds at a glance1 year ago
A round-up of fundraising and people moves in credit
Euro loan trading: Areas caters to CLOs while managers cast away Nets2 years ago
Global travel catering services Areas flew off the shelf after it allocated its €1.05 billion term loan B, with 50 CLO managers buying the loan
KKR adds CLO mezz and private credit to mix with opportunistic credit fund2 years ago
The new interval fund will invest in opportunistic credit, including CLO mezzanine debt, as well as private debt
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