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Differences surface between two US CLO refis, despite similar tenors
2 days ago
CLOs from 2013 and 2017 with similar tenors priced senior note refinancings 10bp apart on Thursday, highlighting that longevity matter -
Sculptor prints first regular-way US CLO in 1.5 years
1 month ago
Sculptor Capital Management made a grand return to the CLO primary market on Thursday with its first regular-way new issue deal for 1.5 years -
Sculptor readies first new US CLO since 2019
1 month ago
Sculptor Capital Management is preparing a comeback US CLO via Bank of America -
CLO pipeline: 2020 absentees join new issue rush
1 month ago
The CLO pipeline is growing by the minute as managers prepare their first new issues of the year after varying lengths out of the market -
Sculptor promotes managing director to co-head US CLOs
2 months ago
Sculptor Capital Management has promoted a veteran CLO expert to co-head its team in New York -
Sculptor CLO refi ends US primary pause with first deal post-election
3 months ago
Sculptor Capital Management on Wednesday priced the first transaction in the US CLO primary market following the US election, bringing to an end the lengthy 16-day pause in dealflow -
Global CLO b-wic round-up: Secondary markets rally despite ‘worst liquidity seen all year’
3 months ago
An adjournment in the US for Veterans Day last week still left plenty of time for the CLO secondary market to rally, thanks to Pfizer's covid-19 vaccine breakthrough and a firmer indication of the US presidential election results -
US CLO round-up: 23 managers wait in the wings after avoiding pre-election rush
3 months ago
CLO managers rushed to the primary market last week as they sought to lock in financing before the US presidential elections. This resulted in one of the busiest weeks in the primary market with 10 new issues -
Sculptor returns to European CLO market after 14-month absence
4 months ago
Sculptor has priced its first European CLO of the year via Barclays. The deal brings CLO issuance in October so far to a strong €2.4 billion and year-to-date issuance to just over €17 billion -
Credit Rendezvous: sometimes you have to dive deep to find value
4 months ago
Some parts of the credit market are fraught with danger, but that does not mean portfolio managers are avoiding them entirely, according to the Credit Rendezvous, Creditflux's 10-page quarterly report eaturing comments from 15 credit experts -
CLO pipeline: three behemoths prepare for quick-turnaround new issues
4 months ago
CLO managers have printed at a frenetic pace since the start of the quarter with $3.36 billion of issuance across all CLO markets and pricing types -
Investors sell downgraded CLO tranches as single Bs widen sharply
4 months ago
Four CLO tranches downgraded during the third quarter are featured on a b-wic today that concludes 11am New York time, offering investors a chance to cash in on the recent spike in junior CLO spreads -
CLOs hold €250 million of defaulted French events organiser Comexposium
5 months ago
CLOs hold €246.1 million of French events organiser Comexposium, which entered safeguard protection in the Commercial Court of Nanterre on Wednesday -
Two managers team up with Goldman to refinance 2017 CLO tranches
5 months ago
Two CLO managers - Sound Point Capital Management and Sculptor Capital Management - yesterday teamed up with Goldman Sachs to refinance fixed-note CLO tranches from 2017 vintage CLOs. Both managers' fixed coupon fell by 137 basis points in the process -
Sculptor promotes two after European credit head leaves for Pimco
5 months ago
Sculptor Capital Management has filled the void left by Mathieu Clavel, its former head of European and Asian corporate credit in Europe and Asia, by promoting two senior figures in its credit business -
Pimco appoints Sculptor veteran as head of private credit in Europe
5 months ago
Pimco has hired an experienced figure in the European credit markets as it seeks to grow its special situations business -
Global CLO b-wic round-up: secondary CLOs rally but dispersion persists
6 months ago
The US CLO secondary market rallied, and spreads compressed last week, but there are still several outliers -
Sculptor CEO Shafir to step down with CIO taking dual role
8 months ago
Sculptor Capital Management has announced that its chief investment officer will take also take on the role of chief executive officer, effective 1 April 2021 -
OC health check: second European 2.0 CLO reports junior OC breach
8 months ago
33 deals reported overcollateralisation (OC) breaches last week in a relatively quiet reporting period. 314 deals are now reporting OC breaches as of the latest report, according to CLO-i. -
Rapid CLO M&A activity on the horizon as fee deferrals pick up
8 months ago
A flurry of M&A deals could soon sweep the CLO market as management fee deferrals become an increasing pressure point for small CLO managers -
$350 million of CLO collateral drips into default as oil companies file for Chapter 11
9 months 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 -
Sculptor doubles global credit exposure in master fund amid dislocation
9 months ago
Sculptor Capital Management has doubled its global credit exposure in its Master Fund during the covid-19 volatility, according to the firm’s Q1 earnings call -
S&P adds to CLO negative watch list as loan downgrades pick up
10 months ago
Standard & Poor’s has added to the list of tranches in CLOs it has on negative watch as coronavirus concerns mount. This follows the rating agency last week highlighting 22 tranches across 15 US CLOs for having big exposure to downgraded corporate borrowers across impacted industry sectors -
Deluxe decline leaves CLOs feeling deflated
1 year ago
Deluxe looked decent: trading in the 90s for much of this year, with 60% of its term loan sitting in CLO portfolios. But its rapid descent underlines the dangers posed by idiosyncratic events. -
Deluxe decline leaves CLOs feeling deflated
Deluxe looked decent: trading in the 90s for much of this year, with 60% of its term loan sitting in CLO portfolios. But its rapid descent underlines the dangers posed by idiosyncratic events1 year ago
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