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Global CLO b-wic round-up: Secondary markets rally despite ‘worst liquidity seen all year’
3 years 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 -
Global CLO b-wic round-up: CLO lower mezz tightens while equity investors strive for duration
3 years ago
A large supply of CLO paper flooded the secondary market last week as $1.5 billion of US CLO bonds and €370 million of European CLOs were listed, according to CLO-i -
Neuberger Berman prints third largest and second tightest post-covid CLO
3 years ago
Neuberger Berman has priced its third new issue CLO of 2020, according to market sources -
CLO pipeline: managers large, small and new ready to price in post-Labour Day surge
3 years ago
US managers are preparing a wave of new issue CLOs in the coming days, as the usual post-Labour Day pricing surge comes to fruition even in this most unusual of years -
Double B spreads move inside pre covid-19 levels as Neuberger Berman prices CLO
3 years ago
US CLO double B spreads are 75bp tighter than then were in early March with two Neuberger Berman deals highlighting the fact that investment grade CLO tranches have lagged junior tranches since the March sell-off -
Bankrupt Hertz runs out of gas with CLOs holding $245 million
3 years ago
CLOs hold $245 million of Hertz’ debt as the US-based car rental company drives into bankruptcy protection, with the coronavirus panedemic putting brakes on the Estero, Florida-headquartered's firm car rental operations -
CLOs hold $100 million of Intelsat debt as it files for bankruptcy
3 years ago
CLOs hold nearly $100 million of the debt of Intelsat, a Luxembourg-headquartered fixed satellite services provider, which filed for chapter 11 protection in the US Bankruptcy Court for the Eastern District of Virginia late last night -
Who’s got the moves US: oil and gas leads renaissance for US CLO managers
3 years 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 -
Neuberger Berman eyes $500 million fundraise for CLO opportunity fund
4 years ago
Neuberger Berman has become the latest manager to launch a CLO opportunity fund with the New York-headquartered manager looking to raise $500 million for the vehicle -
CLOs at a glance: CLO primary market grinds to a halt
4 years ago
A round-up of CLO performance -
Secondary CLO triple As slump below October levels
4 years ago
The secondary CLO market is showing no sign of stopping the rut with triple A rated paper in European and US markets displaying more weakness -
Neuberger goes down in duration with one-year US CLO
4 years ago
Neuberger Berman has adapted to the sell-off in credit markets by launching a one-year reinvestment CLO, as opposed to a five-year deal -
US CLO league tables: $2 billion reissue fires Apollo and JP Morgan to top spots
4 years ago
Apollo Global Management and JP Morgan teamed up to price the largest CLO of the 2.0 era in February that helped propel both to the top of the US CLO and global CLO league tables -
Refi wave gets bigger as Apollo and Neuberger reprice CLOs
4 years ago
The US CLO refi wave continues unabated with Apollo Global Management and Neuberger Berman pricing the 27th and 28th refis to hit the market in 2020, according to market sources, pushing volumes to $12.5 billion in the process -
Neuberger Berman refinances 2014 US CLO
4 years ago
Neuberger Berman has become the seventh CLO manager to refinance a transaction this week, after teaming up with JP Morgan to rework 2014’s Neuberger Berman CLO XVII -
Neuberger joins rush of CLO managers refinancing 2017 deals
4 years ago
Neuberger Berman has joined the group of managers to refinance 2017 CLOs with a $368 million deal arranged by Citi -
CLO pipeline: a refi of nine cuts time (and margins)
4 years ago
Nine US CLO managers are preparing to refinance one of their CLOs to lower financing costs -
Three US CLO anchor equity positions go on sale one week after payment dates
4 years ago
A trifecta of control equity positions in US CLOs are available to bid on later today, one week after all three deals made scheduled payments to their investors. -
Global CLO b-wic round-up: US CLO equity returns in big way as four control positions hit the market
4 years ago
Over $230 million of US CLO equity went on sale last week via bid lists, the first time these assets have made their way to the secondary market in 2020. It also marks the most US CLO equity listed in a week since at least 2018, according to CLO-i -
Two CLO control equity pieces go on sale one day before major dates
4 years ago
A pair of control equity positions are up for sale today as investors test the waters in the secondary market -
Neuberger Berman splits new CLO tranche into principal and interest
4 years ago
Neuberger Berman has split its latest CLO's double A notes into principal and interest-only bonds, according to market sources, in a structure that echoes the ‘mascot’ features that rose to prominence in the CLO market this year -
CLO pipeline: DFG keeps its finger on the pulse
4 years ago
It will be a busy year-end for new issue CLOs in the US. DFG is returning with Pulsar II, using collateral sourced entirely from the secondary market -
European corporate loans can fit into various fund types and this year there has been an increase in managed accounts targeting these assets. But CLOs are still the best structures to house loans4 years ago
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Neuberger Berman becomes latest manager to put AMR into CLO
4 years ago
Neuberger Berman on Friday priced its latest CLO offering named Neuberger Berman Loan Advisers CLO 34 via BNP Paribas -
Neuberger and BNP Paribas team up for first new CLO as partnership for five years
4 years ago
Neuberger Berman Loan Advisors is teaming up with BNP Paribas on a CLO transaction for the first time in five years
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