- $7.8 billion of CLO collateral, split evenly between the US and Europe, is in the loans that have fallen fastest in the past month. But short term CLO pain will bring opportunities for building par2 days ago
We’ve survived before, we can do so again4 days ago
$7.8 billion of CLO collateral, split evenly between the US and Europe, is in the loans that have fallen fastest in the past month. But short term CLO pain will bring opportunities for building par
Bluestem bankruptcy hits $106 million of CLOs26 days ago
CLOs hold $105.7 million of the debt of US retailer Bluestem which filed for Chapter 11 bankruptcy last week, according to the latest trustee reports from CLO-i.
- In 2019, some CLO managers hoped that good timing would enable them to lock in favourable arbitrage levels, but others opted for aggressive or conservative tactics when building portfolios30 days ago
Making arb work of it1 month ago
In 2019, some CLO managers hoped that good timing would enable them to lock in favourable arbitrage levels, but others opted for aggressive or conservative tactics when building portfolios.
Another $1.68 billion of US CLO paper is refied1 month ago
Four CLO refis worth $1.68 billion priced on Wednesday and Thursday of this week, with the 2017 vintage still appearing the most attractive
CLOs dock $100 million of Pier 1 as it plunges into Chapter 111 month ago
CLOs hold just over $100 million debt of Pier 1 Imports, which filed for voluntary Chapter 11 in the US Bankruptcy Court for the Eastern District of Virginia yesterday
Nomura set for CLO breakthrough with new issue mandate1 month ago
Nomura’s re-entry into CLO origination has reached a milestone with the bank marketing a new issue transaction for a top-10 manager
Clover bankruptcy leaves print marks on CLOs3 months ago
CLOs hold $256 million of the debt of printing supply company Clover Technologies Group, which filed for Chapter 11 bankruptcy on Monday
MJX combines fixed and floating triple As for 2016 CLO refi4 months ago
MJX Asset Management yesterday refinanced the triple A notes of its 2016 vintage CLO named Venture XXV via Citi
Philadelphia Energy bankruptcy tars nine CLO managers with $241 million exposure8 months ago
The Philadelphia-headquartered company has entered into bankruptcy protection for a second time, having only emerged from its first filing in August
MJX and Natixis team up to price $607.9 million new CLO8 months ago
MJX Asset Management yesterday priced its third and largest CLO of 2019, according to market sources
Clover Tech cov-lite loan blots CLOs after spilling a third of its value8 months ago
The past week’s biggest declining loan by some way, for printing cartridge maker Clover Technologies (aka 4L Technology), is a worry for CLO portfolios as some 21 managers hold the name, according to CLO-i
Global CLO b-wic round-up: control equity hits the market as secondary market picks up8 months ago
The CLO secondary market in both Europe and the US brought healthy volumes last week. There was €174.9 million listed in the European CLO secondary market, while the US returned a with just over $600 million in CLO b-wics.
MJX cuts 15bp off triple A spread following CLO reset8 months ago
MJX Asset Management returned to the CLO primary market on Friday to reset its 2013 vintage deal named Venture XV
US CLO b-wic round-up: secondary volumes reach new heights with equity lagging9 months ago
The US CLO secondary space saw almost $1.8 billion of paper listed last week according to CLO-i, a record amount for this year. Equity, however, did not draw much interest
US CLO round-up: dropping anchor (investors) brings CLO spreads tighter10 months ago
Syndication was the theme of the week across the global CLO market last week as managers and arrangers presented deals which were sold to a more diverse group of investors than has been the case for most of this year.
MJX and Jefferies price 13th new CLO as a partnership10 months ago
MJX Asset Management and Jefferies teamed up again yesterday for their 13th new issue CLO as a partnership, according to market sources
It’s possible to be big — and still be picky11 months ago
Our analysis of 2018 CLOs shows that firms such as Credit Suisse Asset Management and Sound Point Capital Management have built loan portfolios that are different to the rest of the market.
US CLO round-up: floodgates open in land of the giants1 year ago
The CLO market is starting to look like its old self again as deals came rushing in this week with eight new deals and one reissue and one reset pricing, totalling $3.77 billion.
MJX prices first new issue CLO in five months1 year ago
MJX Asset Management returned to the CLO primary market yesterday with its first new issue deal in five months
Payless bankruptcy steps on toes of CLOs1 year ago
CLOs hold exposure to the debt of US retailer Payless ShoeSource, which filed for Chapter 11 bankruptcy earlier this week
US clothing brand default leaves CLOs exposed1 year ago
As many as 100 CLOs are among the holders of debt issued by FullBeauty, which defaulted on 31 October on an interest payment to its $345 million second lien loans
MJX resets 2014 CLO in partnership with Citi1 year ago
MJX Asset Management has reworked its 2014 CLO Venture XIX for a second time
MJX prints unusual CLO with step-up triple A notes1 year ago
MJX Asset Management priced a new issue CLO named Venture 35 yesterday, taking the unusual step of putting a step-up mechanism on its triple A notes
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