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CLOs dock $100 million of Pier 1 as it plunges into Chapter 11
4 years 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 -
CLO pipeline: make some noise for repricings
4 years ago
CLOs may be a bit late to the spread-tightening party, but a hoard of CLO repricings is aiming to make up for it by sheer volume -
Zais markets short two-year CLO via Goldman Sachs
4 years ago
Zais Group is in the market with Goldman Sachs with its latest new issue CLO -
High-spread CLO manager pre-markets short-dated deal
4 years ago
A CLO manager which is known for building high spread portfolios is pre-marketing a two year deal with price talk on the triple As at 120-125bp -
Falling correlation reignites passion for index tranche trades
4 years ago
Dispersion in the global corporate credit market is rekindling interest in correlation trading, with dealer sources reporting that a late surge lifted 2019 index tranche volumes to $250 billion. -
Few CLOs charred by Murray bankruptcy
4 years ago
25 CLO managers hold $389.6 million exposure to the debt of coal company Murray Energy Holdings, which filed for Chapter 11 bankruptcy in the Southern District of Ohio on Tuesday, according to the latest trustee reports from CLO-i -
Beyond blacklists: the next step in ESG
4 years ago
Credit managers are integrating ESG into their investment processes, but that does not mean they are unable to invest in unethical credits — they can, if they are paid adequately for the risk. -
Zais revamps credit policy to reflect ESG
4 years ago
Zais Group has become the latest credit manager to implement an environmental, social and governance policy across its business -
US credit managers make ESG breakthrough after taking a first step via UNPRI
4 years ago
Incorporating a framework for investing in companies based on environmental, social and governance (ESG) factors is a challenge that US credit managers are accepting in growing numbers -
US CLO league tables: JP Morgan narrows gap to Citi in new issues to $50 million
4 years ago
July saw $14.9 billion of issuance in the US CLO space with $9.4 billion of that in new issue CLOs. One of the transactions brought to the market was Whitebox Capital Management’s debut CLO, Whitebox I. -
Zais prices new CLO with record five classes of fixed-rate debt
4 years ago
Zais Group has priced a new issue CLO via JP Morgan that issues five classes of debt paying fixed rates of interest -
ResponsAbility closes impact securitisation at $175 million
4 years ago
ResponsAbility, a Zurich-headquartered impact assessment manager, has closed a $175 million securitisation of loans to microfinance and SME-finance providers in emerging markets -
CLO pipeline: Barclays and Goldman branch out to mid market
4 years ago
The US CLO pipeline has been full in recent weeks and this continues, with 18 new issue CLOs and a further nine refinancings appearing this week. -
Seriously, the CLO arb is difficult right now
We know the arbitrage for CLO equity is never perfect, but the arb progressively deteriorated through 2018. Since January, the picture has worsened further after a brief respite in December4 years ago -
Seriously, the CLO arb is difficult right now
4 years ago
We know the arbitrage for CLO equity is never perfect, but the arb progressively deteriorated through 2018. Since January, the picture has worsened further after a brief respite in December -
Zais prices third new issue CLO of 2018 with triple As paying 137.5bp
5 years ago
Zais Group priced its third new issue CLO of the year on Friday, with Bank of America Merrill Lynch the arranger -
Wide CLO pricing need not be a drag
5 years ago
Established managers can price CLO liabilities at attractive levels, but we find that CLOs saddled with higher financing costs have nevertheless been among the market’s outstanding performers -
Wide CLO pricing need not be a drag
5 years ago
Established managers can price CLO liabilities at attractive levels, but we find that CLOs saddled with higher financing costs have nevertheless been among the market’s outstanding performers -
Zais upsizes 2015 deal for its second CLO transaction in a week
5 years ago
Zais Group priced a $460 million CLO reset on Friday, marking its second transaction in the primary market in the same week -
Zais prices its second new CLO of the year with triple As at 120bp
5 years ago
Zais Group teamed up with JP Morgan yesterday to price its ninth CLO, according to market sources -
Price talk widens for forthcoming Zais CLO
5 years ago
Price talk has widened for Zais Group’s forthcoming CLO Zais CLO 9, a new issue deal that’s expected to price via JP Morgan later this month -
Zais partners with JP Morgan to arrange forthcoming CLO
5 years ago
Zais Group is working with JP Morgan to arrange its second new issue CLO of 2018 named Zais CLO 9 -
Zais hit with class action filing over proposed go-private deal
6 years ago
A Zais Group stockholder has filed a putative class action lawsuit against the firm, taking aim at Zais’s plans to merge with subsidiary ZGH Merger Sub and Zugel’s firm Z Acquisition – a plan that would result in the company going private -
Zais opts for three-year reinvestment period as it issues new US CLO
6 years ago
Zais Group has taken advantage of demand for short-dated CLO paper by pricing a new US CLO with a three-year reinvestment period -
Zais achieves its best execution yet with new US CLO
6 years ago
The $564 million deal priced yesterday, and is set to close on 19 October
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