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Another CLO vertical strip goes on sale post-risk retention ruling
5 years ago
The volume of CLO vertical strips to hit the secondary market has passed $100 million with BlueMountain 2013-2’s risk retention portion now circulating on a b-wic -
Vertical strips from two CLOs go up for sale after risk retention deadline passes
5 years ago
5% risk retention stakes in two CLOs - including the equity component - are up for sale next week -
HIG WhiteHorse trots back into CLO market with partial refi
5 years ago
HIG WhiteHorse Capital has priced its first CLO transaction of the year -
US CLO market bids farewell to risk retention as appeals deadline passes
5 years ago
The SEC and the Federal Reserve have not petitioned the US Supreme Court to appeal the ruling exempting CLOs from risk retention, meaning the agencies’ last opportunity to get the ruling repealed has passed -
Canyon prices European-compliant US CLO in $511 million deal
5 years ago
A Los Angeles-based manager has issued its first new CLO of the year -
Gallatin offloads vertical strip just days after CLOs legally freed from risk retention
5 years ago
The New York manager has become one of the first to trade the vertical strip it held in a CLO following the repeal of US risk retention regulations, according to market sources -
CLOs legally freed from US risk retention rules
5 years ago
'Open-market' CLOs were legally freed from US risk retention rules yesterday, although the threat of a Supreme Court appeal remains until May -
MOA unwinds could spell trouble for some ‘majority’ equity CLO holders
5 years ago
US CLO risk retention is set to be redundant and it’s causing many investors to fret over whether their majority equity CLO stakes are still intact, or whether these have been deconstructed -
Deadline passes for federal agencies to appeal risk retention ruling
6 years ago
CLOs passed another milestone on the journey away from risk retention as the SEC and Federal Reserve Board did not appeal the court decision by the 45-day deadline -
Tapping Europe doesn't always pay
6 years ago
The premise – reaching a broader audience of investors – is sound. But some managers have found that opting for dual compliant CLOs is not worth the extra effort. -
They said it: CLO managers are a generous sort
6 years ago
With US risk retention set to be repealed, one CLO equity investor is convinced that managers will readily return 'risk retention capital' to investors -
CLO managers look to offload vertical strips
6 years ago
The pending withdrawal of US risk retention will result in CLO managers looking to sell vertical strips - if they can negotiate an early redemption of their financing agreements -
US CLO round-up: Despite big freeze, market issues a cool $4.6 billion of paper
6 years ago
CLO managers are snowed under in yet another busy week for the US market. This week, managers have priced deals with a wide range of leverage ratios -
B-wic round up: large chunks of Silvermine CLO trade in $263 million auction
6 years ago
One CLO investor stepped up, in what was otherwise a quiet week in the secondary market, to launch a colossal b-wic totalling $263.1 million -
There's a second CLO refi-reset wave on its way, conference hears
6 years ago
At the annual SFIG Vegas ABS conference, one hot topic of focus was the consequences of a move away from US CLO risk retention -
US CLOs eligible for European investors could drop by 80% this year, says Citi
6 years ago
The supply of US CLOs eligible to European investors is likely to drop to just $9-12 billion if risk retention is repealed, down from approximately $48 billion last year, according to research from Citi -
US CLO round-up: Unfazed by risk retention uncertainty, a busy market tests reissue and L-shape trends
6 years ago
Qualms about the future of risk retention regulations have not impeded a busy week in primary market CLOs, with managers dabbling in reissues, L-shaped deals and shorter non-calls -
73 untouched US CLOs could be in line for a refi, according to Moody's
6 years ago
The repeal of risk retention for US CLOs is credit neutral, according to a Moody’s sector comment report published yesterday. However, the rating agency pointed out that a CLO refi wave could be about to wash over the market -
CLO managers likely to be exempt from risk retention from 2 April, says LSTA
6 years ago
US CLO managers' exemption from Dodd-Frank risk retention rules will come into effect on 2 April unless the government appeals the ruling, the LSTA says -
US CLO round-up: SEC’s loss and shifting CLO spreads shake things up
6 years ago
It was all going so smoothly in the CLO market, with very little volatility and seemingly never-ending spread tightening – but it’s fair to say things have changed -
Reprieved: US CLO managers are not subject to risk retention, court rules
6 years ago
The LSTA has prevailed in its lawsuit against the SEC and the Federal Reserve board, with an appeals court ruling that CLO managers are not subject to credit risk retention laws under the Dodd-Frank Act -
US CLO round-up: vertical is the new horizontal
6 years ago
What a difference a year makes. Caution has been replaced with optimism, new issues and resets are in favour and vertical is the new horizontal -
$47 billion of 2017 US CLO paper was available to Europeans, finds Wells Fargo
6 years ago
40% of US CLOs issued in 2017 complied with European risk retention regulations, according to research by Wells Fargo -
What the L: CLO managers look at risk retention’s forgotten option
6 years ago
CLO managers are looking beyond verticals and horizontals to find value in L-shape risk retention -
Nearwater aims to put $500 million to work in global risk retention financing
6 years ago
Start-up company Nearwater Capital has closed on a $500 million capital commitment which will fast-track its move into risk retention financing, sources say. The firm has already deployed capital into CLO risk retention
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