Refine Search
Article Categories
Strategy Tags
- Direct lending (10)
- Emerging markets (1)
- High yield bonds (14)
- Investment grade credit (1)
- Structured credit (2)
- CLO (300)
- Distressed debt (6)
- Credit derivatives (1)
- Leveraged loans (39)
Geography Tags
-
Serta Simmons makes its bed again with default leaving CLOs with a restless night
11 days ago
$172.5 million of CLO assets defaulted on Monday after Serta Simmons Bedding filed for chapter 11 bankruptcy. -
Loan amendment alert: Wellpet offers 10bp CSA
23 days ago
Wellpet has issued a loan amendment request with a view to including a 10 basis points credit spread adjustment (CSA), market sources say. Although this is an improvement on recent amendments it still falls short, according to CLO investors. -
US CLO league tables: Blackstone and BofA rise above competition in volatile 2022
27 days ago
A tumultuous year in the US CLO market led to total issuance dropping from a record $391.2 billion in 2021 to $134.8 billion in 2022 -
Beneath the triple C: Winter is coming for CLOs as downgrades outstrip upgrades
1 month ago
Both US and European issuers have felt downward pressure from the rating agencies as we head towards the end of the year, with downgrades to triple C now firmly outpacing upgrades out of it. -
CSAM and CVC take different paths to benchmark 220bp US CLO triple A print
2 months ago
Credit Suisse Asset Management and CVC Credit Partners each came out with a new CLO on Tuesday with senior triple A notes yielding 220 basis points over Sofr, proving the benchmark triple A print for tier one CLO managers is unchanged since October -
US CLO pipeline: PPM returns to playing field after 14-month absence
2 months ago
Five fresh deals have made their way on to the pipeline this week, including PPM Loan Management company preparing to end its 14-month drought -
European CLO managers trade loans to avoid (par) burn
2 months ago
Between March and July, European CLO managers traded €21 billion of assets within CLOs that were still in their reinvestment period as opportunities arose amid a weaker macro environment and Russia’s war with Ukraine -
Beneath the triple C: Stormy October hits CLOs with rising tide of downgrades
2 months ago
After a slight respite in the pace of downgrades over the summer for CLOs, October brought renewed momentum as macro-economic pressures - primarily high interest rate burdens for corporate borrowers and supply side inflation - became the recurring rationale -
CLOs at a glance (November 2022)
3 months ago
A listing of CLOs that have priced in the last month -
US CLO league tables: BofA’s big month opens gap with Citi but Palmer Square closes in on Blackstone
3 months ago
After a quiet August, the US CLO market returned to what is the new normal (or new, new normal depending on the timeframe you're using). Managers priced $11.3 billion of US CLO paper last month, extending a trend -
CSAM issues new $476.3 million CLO
4 months ago
Credit Suisse Asset Management priced a new CLO on Friday at $476.29 million -
US CLO pipeline: $100bn new issue mark about to be surpassed
4 months ago
Seven US CLO managers join one holdover in the new issue US CLO pipeline this week, as the market bears down on $100 billion of new issuance in 2022 -
Beneath the triple C: US CLOs take a dip in the triple C as Europe watches from the sun lounger
4 months ago
The US CLO market bore the brunt of downgrades to triple C in July and August, with a total of $6.22 billion of paper affected. European CLOs enjoyed a more relaxing summer holiday, with only 1 name representing €33.88 million worth of bonds downgraded to triple C. -
15 CLO managers aim to print European deals as 'aspirational pipeline' forms
4 months ago
European CLO market participants are doubtful the pace of issuance will return to full swing in September, despite a reasonably healthy forward-looking pipeline. -
US CLO league tables: Citi closes in on BofA’s lead
6 months ago
Despite market slowdown, US CLOs continue to produce steady monthly volumes over the $10 billion mark. July brought an influx of $11.99 billion to the US market from 28 new issue deals -
CLOs at a glance (August 2022)
6 months ago
A listing of CLOs that have priced in the last month -
They said it: "We’ve been treated very well by our warehouse providers..."
6 months ago
A large CLO issuer gives its take on CLO warehouses -
CSAM prints first European CLO in 12 months
6 months ago
Credit Suisse Asset Management has become the latest manager to navigate through challenging market conditions to price a European CLO -
Triple A CLOs widen to 225bp after CSAM prices US deal
6 months ago
Credit Suisse Asset Management priced a new CLO on Friday with triple As pricing at a record wide yield of Sofr plus 225 basis points -
CSAM closes inaugural global direct lending fund with $3bn deployable capital
6 months ago
Credit Suisse Asset Management has held a final close of its inaugural private credit opportunities fund at $1.67 billion. With leverage, the fund will have ‘in excess of $3 billion’ to deploy -
US CLO league tables: Heavyweights knock deals out as familiar faces stay top
6 months ago
In June 25 managers braved the US CLO market, among which only Columbia Management priced its first deal of the year -
CLO market drifts wider with benchmark issuer CSAM's five-year deal
6 months ago
Credit Suisse Asset Management returned to the CLO market on Wednesday after taking June off -
CLO pipeline: large managers defy loan drought to keep market moving
7 months ago
US CLO senior spreads may have blown out to 180-190 basis points over Sofr for five-year deals, and even wider for short-dated new issues, but that will not stop the market from soldiering on -
CSAM markets five-year US CLO with guidance pointing to tight print
7 months ago
Credit Suisse Asset Management is looking to price a five-year reinvestment CLO early next month, in what could be the largest US CLO in two months -
CSAM does the CLO awards double
8 months ago
Winning the Creditflux Manager of the Year award is a feat in itself. Winning it back-to-back in such different markets is an outstanding achievement — and CSAM can take great pride in it
Want all the latest news, comment, analysis and data?