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Elmwood resets 2021 vintage US CLO
1 day ago
Elmwood Asset Management this week priced its second transaction in seven days, hot on the heels of its new issue at the end of last week -
New Ares CLO keeps pricing tight
2 days ago
The fourth Ares CLO of 2024, a new issue US transaction valued at USD 406m, priced this week, with the senior triple-As at 150bps over SOFR -
Third time's the charm as 2013 vintage CLO gets reset
3 days ago
Oak Hill Advisors priced a third restructuring of one of its 2013-vintage deals on Tuesday -
Distress rises in US CLO double Bs — but most have been in trouble for years
8 days ago
Despite the limited impact of the Altice debacle on the European market (as explored in our cover story), stress is building in some older US CLOs. The robustness of the CLO 2.0 structure has carried the market through a variety of crises, but now a number of junior tranches in US BSL CLOs are either defaulted or impaired. -
Relative to Airbus, Boeing was long accountants but short engineers
8 days ago
A qualitative approach can help investors spot boards that are too focused on short-term returns -
Oak Hill and BofA reset 2017 vintage US CLO
2 months ago
Oak Hill Advisors became the latest manager this year to reach back into the pre-Covid era, last week pricing a reset arranged by Bank of America -
UK-based manager looks to restart European infra CLO market
2 months ago
RM Funds, an Edinburgh-based infrastructure debt investor, is looking to launch the first European infrastructure CLO since 2008 -
European CLO primary spreads still have a long way to go
2 months ago
Are European CLO spreads in the primary market cheap or expensive? Our latest research shows that while US managers can celebrate AAAs reaching the 150s, in Europe spreads still have a long way to go to reach historical norms. -
How worried should we be about defaults?
4 months ago
As defaults in the US loan market continue to stack up, we investigate the fallout for CLO investors by focusing on the OC tests of double B tranches across 10 years of US CLO vintages -
The wall is coming down
5 months ago
Refis and extensions have greatly reduced the height of the maturity wall looming over European CLOs in the near term — but, further out, WAL test cushions remain critical -
European CLOs win out against US deals
6 months ago
Last month, our analysis explored the performance of US CLOs that were previously reset. We found that they delivered higher distributions than deals which weren’t reset, with the exception of the 2017 and 2018 vintages (Creditflux September 2023 — Do resets help CLOs perform better?). This article expands that analysis to the European market, and compares the performance of US BSL and EU CLO equity tranches. -
IIG Global Trade Finance Fund lawsuit targets CLO trustee and noteholders, alleging they reaped gains from fraud that cost fund USD 190m
7 months ago
IIG Global Trade Finance Fund launched an adversary proceeding in the US, seeking to hold certain noteholders along with the CLO trustee liable for benefiting from a Ponzi-like fraud scheme by IIG -
Mount Street taps Dechert exec for client development role
7 months ago
The European-headquartered third-party loan servicer and credit asset manager is expanding Stateside. -
Bond-backed buyouts balloon as loan yields hit astronomical levels
9 months ago
Issuers tapping public syndication for leveraged buyouts have turned to the high-yield bond market in recent months, where levels of activity are impressive considering the current shortage of new money issuance. -
May 2023 US Leveraged Highlights
10 months ago
Leveraged investors continue to favor bonds to loans, according to the Debtwire May 2023 US Leveraged Highlights, featuring key trends in the leveraged loan and high yield bond markets. -
CLO PM tipped to join CVC in trading/capital markets role
11 months ago
The hire is understood to reflect the fast growth of CVC's CLO and performing credit business in Europe -
WhiteStar absorbs yet more CLO contracts
1 year ago
WhiteStar Asset Management has underlined its status as one of the leading acquirers of CLO platforms in recent times -
Aegon agrees to buy NIBC's CLO platform
1 year ago
Aegon Asset Management has agreed to buy NIBC’s North Westerly European CLO platform, which includes three deals alongside the NIBC CLO team -
Fund performance: European CLO funds lead the way
1 year ago
February was a positive month for many funds, as only one quarter failed to reach the black. This builds off a stellar start to the year: 96% of funds reached a positive return in January -
CLO industry consortium to tackle Miami Triathlon in aid of cancer charity
1 year ago
A group of CLO industry specialists led by MidOcean Credit Partners' managing director Jamil Nathoo will participate in the Miami Triathlon next month to raise money for charity -
CLO portfolio manager parts ways with Hayfin
1 year ago
An experienced figure in the European loan and CLO market has left Hayfin Capital Management in London -
Permira brings in Carlyle European special sits co-head for new business
1 year ago
Permira has strengthened its new strategic opportunities busines -
Ivy Hill climbs back into CLO market after Natixis plants mid-market deal
1 year ago
Ivy Hill Asset Management is back with its first middle-market US CLO in two years -
Canadian bank moves into US CLOs after Natixis raid
1 year ago
The destination of the four senior members of Natixis's CLO team has been revealed -
Luxembourg regulator fines Pemberton after 2020 on-site inspection
1 year ago
Private debt manager Pemberton has been fined €22,100 by Luxembourg regulator CSSF after "failures to comply" with "risk management, general principles of the organisational requirements and the supervision of delegated activities"
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