- Direct lending (13)
- Emerging markets (1)
- High yield bonds (7)
- Investment grade credit (4)
- Structured credit (20)
- CLO (10)
- Distressed debt (1)
- Credit derivatives (12)
- Leveraged loans (16)
- Marketplace lending (1)
- Real assets (2)
European unitranche deal flow increased 11% last year, finds GCA4 days ago
European direct lending unitranche deals completed in 2019 increased by 11%, according to GCA Altum's Q4 2019 MidCap Monitor, marking a record year for the industry
CSO arrangers take notes from success of CLOs11 days 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).
Euro loan trading: CLO managers find a home for building specialist's downsized loan1 month ago
CRH Europe issued a €700 million term loan B in November, which was downsized from €900 million. But still, it has proved popular with CLO managers with CLO-i indicating that CLOs bought €275.2 million of the loan
CBAM plans expansion with new $60 million credit facility1 month ago
CBAM has closed a $60 million credit facility to refinance a working capital facility to its parent company Eldridge Industries
European Direct Lending Perspectives: fundraising records shatter2 months ago
Fundraising in European direct lending hit €32.2 billion in September to mark a record-breaking year for the industry, according to the latest version of European Direct Lending Perspectives
CSO arrangers look to build on $65bn of issuance in 20192 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.
Direct lenders start to overcome bank dominance in Spain3 months ago
Spain is becoming a popular destination for direct lenders — despite the competitive terms offered by local banks. Sources say that borrowers are starting to look beyond pricing to ease of execution and flexible documentation.
NNIP's private debt head moves to private equity job4 months ago
The team leader for direct lending, loan portfolio financing and non-performing loan securitisations at NN Investment Partners has moved to a senior private equity job at AnaCap Financial Partners
Värde taps growing CRE CLO market for the third time4 months ago
Värde Partners closed a $627 million CRE CLO last week via Goldman Sachs
European CLO managers join tussle for high-quality loans4 months ago
CLO managers which have been looking to de-risk their portfolios may have a fight on their hands if they seek to get hold of higher-quality paper in the primary market.
ABS investors show increased interest in green securitisations to reach EU climate targets4 months ago
Securitisation is being touted as a tool to help close the yearly investment gap of €180 billion needed to achieve the EU’s climate and energy targets by 2030, as identified in the European Commission’s sustainable finance action plan, which was published last year.
PE firms take hands-on approach to syndication4 months ago
European private equity firms are building out their debt capital market capabilities in a move which could radically improve information flow.
US loan trading: Sinclair loans dominate the airwaves as CLOs tune in5 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 managers5 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 returns5 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 structures5 months ago
Direct lending is syphoning away traditional loan supply
Direct lenders brace themselves for distressed opportunities6 months ago
Credit managers are launching distressed vehicles with a twist by narrowing their focus down to the direct lending market.
Direct lenders accused of exaggerating terms in lender education6 months ago
Sources say that some direct lenders in Europe are submitting standard indicative lender terms with limited or no internal discussions with their respective credit committees.
Borrowers promise to pay penalty if they breach ESG targets6 months ago
Loan investors are incentivising companies to improve their environmental, social and governance (ESG) performance by linking the financial terms of a loan to the ability of the borrower to meet predetermined sustainability targets.
UK direct lending deal flow picks up with 99 deals in H1, finds GCA Altium6 months ago
While loan volumes in the UK were much higher than expected, activity in Germany was lower compared to H1 last year, according to the GCA Altium MidCap Monitor Q2 2019
ResponsAbility closes impact securitisation at $175 million7 months ago
ResponsAbility, a Zurich-headquartered impact assessment manager, has closed a $175 million securitisation of loans to microfinance and SME-finance providers in emerging markets
Upper mid-market yields value on price and leverage7 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.
UK transitions to post-Libor era with array of Sonia-linked deals7 months ago
The UK’s structured finance market has moved to swiftly embrace the daily compounded benchmark Sonia (Sterling overnight index average) ahead of the 2021 phase out of Libor.
WhiteRock's Dolfino: "PE deal flow is down, deal sizes are up and spreads are compressing" [video]7 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
European loan trading: CLO managers snack on Ifco loans7 months ago
35 CLO managers were holding €364.2 million €364.2 million of IFCO’s loans in April – all at par
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