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Zais refis triple A notes of post-reinvestment CLO at 125bp
22 days ago
Zais Group has refinanced the triple A notes of its 2016 CLO, named Zais CLO 5, that left reinvestment in October -
Fund performance: CLO funds keep up momentum as Napier Park finishes top
23 days ago
2020 ended with funds in our CLOs category taking the top few spots -
Managers brave covid-hit sectors to drum up returns
3 months ago
Price dislocations among companies operating in industries affected by covid-19 mean they may offer some of the best opportunities for CLO managers and CSO investors — and sources say that neglecting these sectors could hurt performance -
OC health check: CLOs wake up when September ends
4 months ago
September showed a slight but clear improvement in CLOs’ over-collateralisation test results as 182 CLOs breached an OC test during the reporting period, compared to 198 in August. -
Zais becomes sixth CLO manager to reprice a fixed-rate tranche
4 months ago
Zais Group has joined the exclusive list of CLO managers to reprice fixed-rate debt -
Details emerge on nature of Revlon payment 'error' and lender attitudes
6 months ago
Fresh details have emerged on the nature of the ‘operational error’ Citi says took place when it transferred $900 million to Revlon loan holders -
Zais issues second new CLO in three months
6 months ago
Zais Group has issued its third new CLO of 2020, and its second to price amid the coronavirus pandemic. Jefferies arranged the deal, which is named Zais CLO 16 -
Citi files lawsuit against nine more lenders over 'accidental' $900 million Revlon transfer
6 months ago
Citi has filed a new lawsuit against nine more asset managers regarding its transfer of $900 million to Revlon lenders, which Citi says was made mistakenly. The bank is looking to claim the money back against lenders -
CLO pipeline: a marathon for some, a sprint for others
6 months ago
Following a week in which there were three US CLO refinancings, one new issue CLO and one upsizing, three more US CLO managers are marketing latest new issue CLOs after varying times away -
Managers weigh up matters of principal
6 months ago
CLO managers that were able to avoid OC traps made double-digit equity distributions in Q2, despite the headwinds. But these firms tended not to be among those that built the most par -
Fieldwood slips into second bankruptcy as CLOs hold $314 million
6 months ago
CLO managers hold $314.5 million of oil and gas drilling company Fieldwood Energy, which filed for Chapter 11 bankruptcy yesterday for the second time in two years -
OC health check: breaches start to take toll on July payment dates
7 months ago
37 CLOs reported an over-collateralisation test failure last week, but this was a falling percentage of those publishing trustee reports and none were fresh breaches -
OC health check: slowing of downgrades offers some reprieve for CLOs stuck in breach
8 months 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
8 months 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 -
Zais ESG head to join DWS
8 months ago
Zais Group’s head of ESG (environmental, social, governance) and impact investing is joining DWS as group sustainability officer in New York -
Zais structured credit fund gains 13% for US pension
8 months ago
Zais Group has generated 13.1% returns to a west coast pension fund through its CLO-focused strategy dubbed ‘Zephyr 7’ -
Zais returns to CLO primary market with one-year deal
8 months ago
Zais Group has made its CLO primary market return, teaming up with RBC to price a 1.12-year reinvestment deal via RBC -
OC health check: US CLOs hit by new round of test failures
9 months ago
135 deals breached an over-collateralisation test last week, 78 for the first time, according to the latest trustee reports from CLO-i. -
Zais teams up with RBC for US CLO
9 months ago
Zais Group is working with Royal Bank of Canada on a forthcoming US CLO, with market sources indicating the senior notes are being guided at 250 basis points -
A lot of CLO portfolios look similar and I’ve never been one to follow the herd
9 months ago
Zais's Vinnie Ingato takes our credit quiz -
Who’s got the moves US: oil and gas leads renaissance for US CLO managers
9 months ago
The US leveraged loan market has held steady over the last two weeks. After rising to just below 87 of par in mid-April, the S&P LSTA US Leveraged Loan index closed at 85.75 to start this week -
Credit pickers need luck to avoid OC trap
We know what you’re thinking: is my CLO failing its OC test? The truth is, in all this volatility, it can be hard to keep track, unless your deal has high quality liquid loans9 months ago -
OC health check: another two CLOs fail senior OC tests
10 months ago
Two senior overcollateralisation test failures number among 26 deals joining the list this week of CLOs breaching their OC tests in April, according to the latest trustee reports on 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 portfolios11 months ago
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Making arb work of it
11 months 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.
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