21 results found Showing page 1 of 1
Fed unveils IG bond buying programme and direct lending plans8 days ago
The US Federal Reserve has unveiled further measures to support the US economy alongside plans to establish a direct lending initiative - Main Street Business Lending Programme – to support lending to small-and-medium sized businesses
BDCs tap bond market to improve funding mix26 days ago
A plethora of business development companies have turned to the institutional bond market to refinance their debt.
CSO arrangers take notes from success of CLOs1 month ago
CSO arrangers are looking to follow the CLO template in more ways than one, with sources indicating that some dealers are looking to structure their deals in note format (as opposed to swaps).
CBAM plans expansion with new $60 million credit facility2 months ago
CBAM has closed a $60 million credit facility to refinance a working capital facility to its parent company Eldridge Industries
CSO arrangers look to build on $65bn of issuance in 20193 months ago
The synthetic bespoke tranche market this year has fallen short of expectations in terms of overall issuance volume, but ends with transformative inroads being made.
Värde taps growing CRE CLO market for the third time5 months ago
Värde Partners closed a $627 million CRE CLO last week via Goldman Sachs
US loan trading: Sinclair loans dominate the airwaves as CLOs tune in6 months ago
Sinclair Broadcasting Group and Diamond Sports – both subsidiaries of issuer Sinclair - worked their way into CLO portfolios in July, with 91 managers purchasing $1.42 billion of the loans in July
Prepayments pose reinvestment dilemma for CLO managers6 months ago
CLO managers globally could be left sitting on piles of cash amid an uptick in loan prepayments. Standard & Poor’s reported that institutional US loan prepayments had hit $26 billion in July, and more recently some widely-held CLO names are set to return principal to lenders, with financial data provider Refinitiv US Holdings and Italian telecom operator Wind Tre taking this route.
Credit traders' kickstand: Europe ascendant as high yield pipeline returns6 months ago
The high yield bond primary market grinds back into gear this week just as European credit reaches an extreme point of outperformance over the US, and comes on the back of Europe’s busiest week of investment grade issuance in 18 months
Europe and US diverge on covenant lite structures7 months ago
Direct lending is syphoning away traditional loan supply
Direct lenders brace themselves for distressed opportunities7 months ago
Credit managers are launching distressed vehicles with a twist by narrowing their focus down to the direct lending market.
Upper mid-market yields value on price and leverage8 months ago
Direct lenders are getting access to greater deal flow in the upper middle-market with private equity sponsors leaning towards private credit after a torrid end to last year in the broadly syndicated loan market.
WhiteRock's Dolfino: "PE deal flow is down, deal sizes are up and spreads are compressing" [video]9 months ago
WhiteRock Capital Partner's Gustavo Dolfino talks to Creditflux's Michelle D'souza after his M&A presentation at the Creditflux Debtwire US Mid Market Forum
Natixis prices second muni-project securitisation of year9 months ago
Energy Efficient Equity (E3) priced its inaugural 'property-assessed clean energy' (Pace) deal today via Natixis
Arrival of five-year bespokes draws in CLO investors10 months ago
Synthetic bespoke tranches are undergoing a major shift, with dealers projecting five-year business to supersede previously dominant shorter tenors by the end of 2019.
Index tranche levels spike as investors advance into equity10 months ago
Trading of credit index tranches is picking up, with some $61 billion worth changing hands in the space during the first quarter, according to data from the Depository Trust & Clearing Corporation
Bespoke gains pull CLO buyers as market tipped to hit $100bn11 months ago
Synthetic bespoke issuance could catch up with the more visible CLO market this year, say structured credit specialists
Regulation stifles SRTs, but banks and investors revel in quarter-four outperformance1 year ago
Over the course of 2018 there was roughly €6.5 billion of issuance in the market for significant risk transfer (SRT) deals, sources say, with the last three months understood to be the busiest quarter on record
Trups CDO spreads shift wide of late 2018 levels as EJF produces $314 million deal1 year ago
Trups CDO spreads have widened since the end of last year – much like corporate credit spreads – after EJF Investments priced its sixth securitisation of financial company debt.
Canadian pension fund launches inaugural green bond1 year ago
The Toronto-headquartered pension fund has become the first ever pension fund to issue a green bond
JP Morgan keeps up synthetic CDO momentum1 year ago
Sources say that JP Morgan priced a $500 million synthetic CDO last month, underlining its position as one of the key deal arrangers in this market
21 results found Showing page 1 of 1
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