Refine Search
Article Categories
Strategy Tags
- Direct lending (517)
- Emerging markets (292)
- High yield bonds (688)
- Investment grade credit (276)
- Structured credit (259)
- CLO (374)
- Leveraged loans (378)
- Marketplace lending (28)
- private credit (1)
- Synthetic/SRT (553)
- ABL Financing (190)
Geography Tags
-
Chesapeake CDS auction date set
3 years ago
Dealers have set a date to settle Chesapeake Energy Corp CDS, in what will be the thirteenth credit event auction of 2020 -
California Res auction brings 99 cent problem for CDS protection sellers
3 years ago
An auction to settle CDS referencing California Resources Corp has settled at just 1.125 cents, meaning a 98.875 cents pay-out to protection buyers -
Selecta Group CDS gets caffeine jitters
3 years ago
Against a general rallying trend in the European high yield market, Swiss coffee machine vendor Selecta Group is a big widener today in five-year CDS - even as its bonds and shorter tenor protection show much more stability -
It takes just a few CLO collateral managers selling into the distressed community to start cracks forming
3 years ago
It is becoming increasingly clear that CLO collateral managers need to improve their collaboration efforts in distressed situations -
Sidecars give CLOs a shot at driving restructurings
3 years ago
A number of CLO managers are shifting defaulted assets into sidecar vehicles before their transactions close - and sources say a growing number of debt investors are warming to the idea -
Fund performance: CLO funds keep up the momentum for second month running
3 years ago
May returns have been led by continued momentum from CLO funds. In the last month, funds that invest in CLO notes in some capacity have made up 90% of our top 10, while 97% of funds listed generated positive returns - an improvement of 15% on last month's figures. -
Credit funds at a glance (July 2020)
3 years ago
A round-up of fundraising and people moves -
Ucits at a glance: Ucits recover lost ground
3 years ago
The foot has come off the gas for many funds - 57% of funds did not break the 2% return barrier. -
Wide-end credits sharply diverge in firming market
3 years ago
In an overall flattish market, Selecta Group and Novafives are today's standout big movers in European high yield credit, but are on very different trajectories -
Wirecard triggers first European CDS credit event of 2020
3 years ago
Wirecard has triggered a bankruptcy credit event, the Determinations Committee has ruled, making it the first European CDS name of 2020 to require settlement at auction -
DC agrees to rule on Wirecard, putting Europe's first 2020 CDS auction in sight
3 years ago
The European CDS market is moving closer to facing its first CDS auction of the year, with the Determinations Committee agreeing to rule on whether the German digital payments firm has triggered a bankruptcy credit event -
Chesapeake default takes CDS auctions to eight-year high
3 years ago
Chesapeake Energy has been confirmed as the latest CDX HY index constituent to require settlement at auction, after the Americas Determinations Committee ruled it has triggered a bankruptcy credit event -
California Res deliverables list points to 98 cents CDS pay-out
3 years ago
Three bonds have made it onto the final list of obligations to settle CDS referencing California Resources Corp, which triggered a failure-to-pay credit event earlier this month -
Chesapeake bankruptcy points to hit for CDS and loan holders
3 years ago
Chesapeake Energy looks set to become the latest in a string of defaults to hit US high yield index CDX HY, after the Oklahoma City headquartered shale producer filed for chapter 11 protection -
Wirecard bankruptcy credit event question put to DC
3 years ago
Wirecard, the German digital payments company at the centre of a €2.1 billion accountancy scandal, has been posed as a bankruptcy credit event to the Determinations Committee for Europe, Middle East and Africa -
LP round up: horseshoe does the trick for Pimco and other distressed managers
3 years ago
Institutional investors poured $2.7 billion into credit this week through 14 managers, according to board documentation seen by Creditflux -
Brigade looks to adjust CLO docs for flexibility in workout situations
3 years ago
Brigade Capital Management is looking to amend its CLO indentures so investors do not lose out in workout situations, where CLOs tend to be disadvantaged versus distressed debt funds -
Ouch it Hertz! CDS auction result hits index and protection sellers
3 years ago
Hertz Corporation CDS has been settled at auction at 26.375 cents, much lower than protection sellers might have hoped for only last week. But the final price was slightly better than initial bidding signalled -
VW gives EuropCar a lift
3 years ago
EuropCar is one of the biggest movers in the credit markets today, on reports that German carmaker Volkswagen is in talks to buy the French car rental firm -
Pimco stands alone in Hertz CDS tussle as recovery hopes fall
3 years ago
The Americas Determinations Committee has resolved a challenge on Hertz Corp deliverable obligations in time for tomorrow's credit event auction. But it was not a unanimous decision, with Pimco voting against other members -
LP round-up: Champaign pension raises a glass (or bucket) to private credit
3 years ago
Institutional investors allocated over $600 million to 11 managers this week, according to board documentation seen by Creditflux -
DC rejects Valaris credit event request
3 years ago
The Americas Determinations Committee has rejected a request to rule on whether UK headquartered offshore driller Valaris has triggered a restructuring credit event -
Hertz CDS widens sharply ahead of auction with DC challenge unresolved
3 years ago
The Americas Determinations Committee has extended its deadline to resolve a challenge to obligations for next week's Hertz Corp CDS auction -
Bain closes $3.2 billion special situations and distressed debt fund
3 years ago
Bain Capital Credit has closed the firm’s third dedicated distressed and special situations fund, Bain Capital Distressed & Special Situations 2019 (DSS 19), at $3.2 billion, above its $3 billion target size -
Bond and CDS surge caps remarkable chicken run for Boparan
3 years ago
Boparan, the UK-based restaurant group and chicken supplier, has surged tighter in bonds and CDS today, capping a remarkable turnaround in recent months for a company that had long been one of the riskiest in the European high yield universe before the coronavirus outbreak
Want all the latest news, comment, analysis and data?