14 results found Showing page 1 of 1
CLOs feel flat after housing $335 million of bankrupt RentPath2 days ago
CLOs house $334.5 million of the debt of RentPath Holdings, which filed for Chapter 11 in the US Bankruptcy Court for the District of Delaware on Wednesday
Correlation rise stokes mezz rally but adds to CSO woes10 days ago
Below the calm surface of the credit market, correlation has been churning and creating dislocations rich with reward for index tranche traders but complicating bespoke issuance, say sources.
Rising idiosyncratic risk leads to calls for high yield index tranche fix from traders3 months ago
As sources of funding dry up for the weakest borrowers in the credit market, some correlation traders are calling for an overhaul of CDX NA HY index tranches to make trades on wide-end dispersion more effective.
Spectre of low loan recoveries fails to spook CLO market4 months 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.
CLO managers process Fusion bankruptcy implications8 months ago
12 CLO managers hold $185.2 million exposure to the debt of the cloud services company, which filed for Chapter 11 bankruptcy
Direct lenders split over best way to manage loan restructuring10 months ago
Direct lenders are divided on how best to set up internally when dealing with loans that require restructuring. Some managers argue that a deal should be restructured via the original deal team
- The prognosis for pharma and healthcare companies is not good, with a rise in bankruptcies in the past two years and Aceto Corporation, Novum and Pernix Sleep already filing this year10 months ago
Direct lender suspends withdrawals amid large loan default, reports Bloomberg11 months ago
A borrower comprising 25% of a direct lender's portfolio has defaulted on a loan - leading to the fund suspending withdrawals and redemptions to investors
Parker Drilling CDS auction deliverables trade in low 50s1 year ago
There will be two deliverable obligations into an auction to settle credit default swaps referencing Parker Drilling, the Americas Credit Derivatives Determinations Committee has decided
US clothing brand default leaves CLOs exposed1 year ago
As many as 100 CLOs are among the holders of debt issued by FullBeauty, which defaulted on 31 October on an interest payment to its $345 million second lien loans
Kicking the tyres: CLOs survive examination as bankruptcies tick higher1 year ago
US CLOs are weathering the turbulence triggered by a couple of bankruptcies in the broadly syndicated loan universe, namely US retailer Sears and American Tire Distributors. Those bankruptcies, filed on 15 and 4 October, respectively, have failed to dent CLO structures
Seven deliverables valid for Sears CDS auction, as seven others split DC panel1 year ago
There will be seven obligations deliverable into an auction on 14 November to settle credit default swaps referencing Sears Roebuck Acceptance Corp, the Americas Credit Derivatives Determinations Committee has decided. But members of the 15-strong DC were split over whether to include another seven potential deliverables that did not make the cut
Lynn Tilton files for voluntary bankruptcy for Zohar CLOs1 year ago
The drawn-out legal battle involving Zohar CLOs has taken a new turn, with the Zohar funds on Monday filing voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code
Strengthen CDS definitions to stop engineered defaults, say lawyers1 year ago
The likelihood of stamping out manipulation in the credit default swaps market – namely the practice of staging credit events – is remote, say market sources
14 results found Showing page 1 of 1
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