Refine Search
Article Categories
Strategy Tags
- Direct lending (27)
- Emerging markets (1)
- High yield bonds (4)
- Structured credit (3)
- CLO (76)
- Distressed debt (4)
- Leveraged loans (12)
- Real assets (2)
Geography Tags
-
First Eagle targets $1 billion for direct lending
3 years ago
First Eagle is targeting a $1 billion fundraise for First Eagle Direct Lending Fund V -
First Eagle places its largest CLO for two years
3 years ago
First Eagle Investment Management teamed up with Bank of America on Friday to issue its largest CLO in almost two years -
First Eagle joins PGIM as only managers to print pre-covid-style refis
3 years ago
First Eagle Investment Management has become the second manager to price a pre-covid style CLO refinancing in the post-covid era, teaming with Credit Suisse to cut the funding costs on three tranches of KVK CLO 2016-1A -
Key CLO portfolio manager set to leave First Eagle
3 years ago
A key person named in three legacy THL Credit CLOs, which First Eagle manages following its acquisition, is set to depart in January after 16 years' service at the firm -
First Eagle confirms launch of credit interval fund
3 years ago
First Eagle Investment Management has announced the launch of its credit interval fund, First Eagle Credit Opportunities Fund, which Creditflux reported on in July. The vehicle will invest across public and private credit -
First Eagle refinances partially paid-down senior CLO tranche
3 years ago
First Eagle Investment Management has teamed up with Citi to refinance a triple A-rated fixed CLO tranche that has been partially paid down -
Fracking servicer FTS files for chapter 11 protection
3 years ago
Fracking servicer FTS International filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas Houston yesterday. The credit is not widely featured in CLOs with only nine managers holding $47.9 million of FTI’s term loans -
Global CLO b-wic round-up: CLO lower mezz tightens while equity investors strive for duration
3 years ago
A large supply of CLO paper flooded the secondary market last week as $1.5 billion of US CLO bonds and €370 million of European CLOs were listed, according to CLO-i -
(First) Eagle has landed: Morgan Stanley prints breakthrough five-year CLO
3 years ago
First Eagle Investment Management has priced the first regular-way five year reinvestment CLO following the credit market dislocation triggered by the coronavirus pandemic -
First Eagle prices one-year mid market CLO
3 years ago
First Eagle has priced its latest CLO backed by middle market loans -
First Eagle prepares corporate credit interval fund
3 years ago
First Eagle Investment Management is preparing to launch a new opportunistic credit strategy in the form of an interval fund -
First Eagle expands in asset-based lending with two senior hires
3 years ago
First Eagle Investment Management is expanding into asset-based lending and has hired two industry veterans to lead the business -
OC health check: CLOs heal up with no new breaches among US BSL deals
3 years ago
53 CLOs reported an over-collateralisation (OC) test breach last week, but only two CLOs breached an OC test for the first time, neither of which were US broadly syndicated loan CLOs -
Preparing for a second wave
3 years ago
Panellists on the Creditflux US private credit webinar last month said that they were focused on companies most affected by the coronavirus. A reopening of the primary market can wait -
OC health check: slowing of downgrades offers some reprieve for CLOs stuck in breach
3 years ago
89 deals reported overcollateralisation breaches last week, but only seven of these deals were breaching any OC test for the first time, according to the latest reports available on CLO-i -
CLO double Bs on sale as sub-investment grade rally fizzles out
3 years ago
After more than a month of rapid tightening, CLO double Bs trended wider last week by roughly 60 basis points, as the market for these sub-investment grade tranches stabilises in the mid-800s -
Direct lenders weigh options as next round of funding nears: Creditflux webinar
Churchill's Randy Schwimmer, First Eagle's Chris Flynn and DLA Piper's Jamie Knox talk about how mid-market portfolios have performed during the covid-19 pandemic at Creditflux's US Private Credit Webinar, sponsored by DLA Piper
3 years ago -
Dishware maker files for bankruptcy as CLOs hold $200 million
3 years ago
CLOs hold $207.58 million of Libbey Glass, which filed for chapter 11 protection in the US Bankruptcy Court for the District of Delaware on Monday, as a result of the firm's impending debt maturities and the impact of coronavirus -
US private credit webinar set to tackle mid-market
3 years ago
Creditflux is set to go live today at 11am New York time wih its US private credit webinar -
OC health check: some CLOs cure failures, but quarter of US deals still in breach
3 years ago
117 deals failed over-collateralisation tests in the last week, although only 46 of these were deals reporting breaches for the first time, according to the latest reports available on CLO-i -
Points up front: Senior tranches pay down despite junior OC passes
3 years ago
192 US CLOs have breached at least one over-collateralisation test, according to CLO-i, but at least two deals have not followed the conventional path -
Creditflux goes live again with virtual event on the US middle market
3 years ago
The second Creditflux live virtual briefing will happen on Tuesday 2nd June, when we will switch gears from the US CLO market to US Private Credit. -
$350 million of CLO collateral drips into default as oil companies file for Chapter 11
3 years ago
CLOs hold $353 million worth of debt of two oil and gas companies - Ultra Petroleum and Gavilan Resources - which have become the latest casulties of the precipituous decline in oil prices. The pair filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas on Thursday and Saturday, respectively -
OC health check: first senior breach in middle market pushes CLO tally to 13
3 years ago
41 CLOs have breached an overcollateralisation test in the last week, according to the latest trustee reports on CLO-i, taking the overall total to 182 -
Strong structures benefit mid market CLO structures despite lack of government support
3 years ago
April was a brutal month for the broadly syndicated loan-backed CLO market, with swathes of deals breaching their overcollateralisation limits. But sources say their middle market counterparts could be better placed to weather the storm if the coronavirus crisis escalates
Want all the latest news, comment, analysis and data?