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HPS upsizes US CLO equity tranche and lowers deal leverage with reset
2 years ago
HPS Investment Management priced a $472.2 million CLO reset on Tuesday, upsizing the deal's equity tranche by $7.65 million in the process -
Global CLO trading lab: Payments season prompts equity to surge but short-dated bonds trade low
2 years ago
Over the last two weeks, $2.8 billion of US CLOs and €640 million of European CLO paper have appeared on b-wics, with equity making up 33% and 40% of the respective markets -
Credit funds at a glance (February 2022)
2 years ago
A round up of fundraising and people moves in credit -
Credit funds at a glance (January 2022)
2 years ago
A round up of fundraising and people moves in credit -
LP round up: CLO fund included in whopping $13 billion of credit allocations in November
2 years ago
Credit took centre stage in November as investors allocated over $13 billion to credit funds in the month, with one pension allocating $50 million for a European CLO risk retention fund -
HPS prints first regular US CLO in 28 months
2 years ago
Nomura arranged the $507.4 million deal, which is HPS's first regular way US CLO since July 2019 -
Apollo breaks into CLO co-placement agent role on first Euro third-party deal
2 years ago
Apollo has typically served as co-placement on its own Redding Ridge European CLOs, but on Thursday was co-placement agent on a HPS European CLO new issue -
CLO managers join forces as they line up behind SFDR
2 years ago
A plethora of European CLO managers have teamed up with regulatory reporting provider FinDox to form a working group focused on Sustainable Financial Disclosure Regulation (SFDR), sources tell Creditflux. -
Credit funds at a glance (October 2021)
2 years ago
A round up of fundraising and people moves in credit -
How's this for Stratas? HPS returns to US CLO issuance with triple C-flex deal
2 years ago
HPS Investment Partners priced a rare CLO with an elevated triple C basket on Monday as it marks its first new US CLO of any kind in over two years -
US CLO pipeline: 33 new issues enter market with historic CLO records on the verge of shattering
2 years ago
The US CLO market is running as hot as it has all year with a whopping 33 managers marketing new issues CLOs, according to market sources -
2019 CLO refis still on agenda as HPS reworks European deal
2 years ago
HPS Investment Partners has become the latest manager to partially refinance a 2019 European CLO, Aqueduct European CLO 2019-3 -
European CLO weekly volume passes €4 billion as HPS resets former Bardin Hill deal
2 years ago
European CLO weekly volume rose to over €4 billion on Friday, with HPS Investment Partners rounding off the week -
HPS makes big hire with CLO head Frey set to retire
2 years ago
HPS Investment Partners is set to hire the former CLO head at a rival issuer as well known loan PM David Frey prepares to step down -
CLOs at a glance (July 2021)
2 years ago
A listing of CLOs that have priced in the last month -
HPS reworks Bardin Hill European CLO for first time since acquisition
2 years ago
HPS Investment Partners has refinanced a 2019 European CLO formerly managed by Bardin Hill -
HPS inserts loan tranche in European CLO reset
2 years ago
European CLO loan tranches have made another appearance as HPS Investment Partners' resets a 2019 European CLO, Aqeuduct European CLO 2019-3 -
HPS joins group of managers to upsize CLO equity with reset
2 years ago
HPS Investment Partners has joined the burgeoning group of CLO managers to upsize their equity tranche following a CLO reset -
Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
2 years ago
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources -
Points up front: Waterway to name and brand your CLO
2 years ago
When taking over a CLO launched by another firm, CLO managers face a dilemma: how do you re-brand it so it’s clear it’s one of your CLOs, but not so much that it fudges your personal track record? Well, HPS Investment Partners has found a neat balance -
US CLO structurer joins HPS
2 years ago
The destination of a CLO originator who left her job last month has come to light -
Global CLO pricing lab: investors get over fatigue and embrace reset roll over
2 years ago
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues -
HPS issues US CLO market's 15th single B tranche of 2021
3 years ago
HPS Investment Partners has become the 15th US CLO manager of the year to issue a single B tranche, bringing the total issuance of the liability class for 2021 up to $108.8 million -
Bardin Hill sells European CLO business to HPS with head Snyder set to retire
3 years ago
Bardin Hill Investment Partners has sold its European CLO platform to HPS Investment Partners -
Points up front: Revlon repayment was Bad Day at the office
3 years ago
Making light of a situation is a good coping mechanism when things don’t go as expected. The Revlon loan repayment saga has underlined this with court filings revealing how CLO portfolio managers reacted to what Citi purported was a ‘mistaken’ $900 million paydown of Revlon loans
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