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Barclays prices Brigade US CLO after picking up mandate last week
3 years ago
Barclays has priced the new CLO for Brigade Capital Management that it dramatically grabbed the rights for last week after Citi resigned its role as arranger -
Brigade picks Barclays to get CLO over the line after Citi steps down
3 years ago
Brigade Capital Management has assigned the mandate for an upcoming CLO to Barclays after Citi resigned from its role as arranger last week, sources say -
Citi files lawsuit against nine more lenders over 'accidental' $900 million Revlon transfer
3 years 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 -
Citi versus Brigade battle puts CLO issue in limbo
3 years ago
A feud between Citi and Brigade Capital Management has intensified, with Citi reportedly stepping down from lead arranger on Brigade's latest CLO over a Revlon loan payment dispute just as the deal was about to hit the market -
New firms are rocking all over the world
3 years ago
Rockford Tower and other small global CLO issuers are showing that you don’t need decades of experience to be successful. It can be better to change the tune rather than repeat the classics -
CLO pipeline: AGL aims high as it prepares fifth new issue of 2020
3 years ago
US CLO managers are sensing opportunities in the CLO market either via new issue CLOs or by refinancing the fixed-rate tranches in their legacy deals -
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 -
Dishware maker files for bankruptcy as CLOs hold $200 million
3 years ago
CLOs hold $207.58 million of Libbey Glass, which filed for chapter 11 protection in the US Bankruptcy Court for the District of Delaware on Monday, as a result of the firm's impending debt maturities and the impact of coronavirus -
Former Redding Ridge business development head lands at CLO issuer
3 years ago
The former head of business development at Redding Ridge Asset Management has joined a firm which specialises in CLOs and structured credit -
CLO pipeline: down but not out, as deals find new ways to limp forward
4 years ago
Deepening credit instability has taken a toll on CLO appetite, but there is still life in the primary market -
Brigade collects $100 million for 'senior tranche' SMA
4 years ago
Brigade Capital Management has won a $100 million mandate from Texas County & District Retirement System for a structured credit fund geared towards senior tranches -
Highland directors intervene to get CLO mismanagement lawsuit dropped
4 years ago
Details have emerged about the nature of the ‘CLO mismanagement’ lawsuit filed on behalf of a charitable fund, seeded by Highland Capital Management, after it was dropped by plaintiffs -
Charitable daf "seeded by Highland" files lawsuit alleging CLO mismanagement
4 years ago
A charitable organisation has filed a lawsuit against several parties managing and monitoring a pair 2.0 CLOs in which it has exposure to the equity tranche -
2020 US CLO refi volume passes $5.4 billion as Brigade and Bain price
4 years ago
US CLO refinancing volume this year passed $5.4 billion yesterday as Brigade Capital and Bain Capital together refinanced over $1 billion CLO paper -
CLO funding costs drop thanks to tighter mezz as Brigade prices US deal
4 years ago
Brigade Capital Management priced its latest CLO offering named Battalion CLO XV via Bank of America yesterday -
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 -
Brigade set to price new US CLO today with triple As subject at 135bp
4 years ago
At a time when spreads are contracting, the senior triple As in Brigade Capital Management's upcoming CLO are subject at 135 basis points, some 5bp wide of the market average in 2020 -
CLO pipeline: no rest for the wicked as new issues hit the market
4 years ago
CLO market participants do not have the luxury of easing their way back to work with the new issue market up and running and a pipeline that is filling up fast -
Brigade teams up with Mizuho for first CLO as partnership
4 years ago
Brigade Capital Management yesterday priced its latest CLO offering named Battalion CLO XVI in the firm’s first CLO partnership with Mizuho as arranger -
CBOs aren’t fixated on interest rate moves
4 years ago
The loan sell off at the start of this year highlighted that CBOs are not a play on interest rates or bond prices — they’re taking advantage of the flexibility to rotate between loans and bonds -
Brigade moves quickly to line-up Libor replacement
4 years ago
Brigade Capital Management is engaging with its CLO investors to talk about a replacement benchmark for Libor. -
Synthetic structured credit specialist lands at Brigade
4 years ago
A former Lehman Brothers structured credit specialist has landed at Brigade Capital Management in New York -
Brigade cuts 2016 CLO funding costs by 33.8bp following refi
4 years ago
Brigade Capital Management refinanced its 2016 CLO named Battalion CLO X yesterday, slashing 33.83 basis points off its funding costs -
CLO portfolio manager Terry takes over at Acis as it emerges from bankruptcy
5 years ago
Josh Terry has taken control of the CLO management business used to run after Acis Capital Management announced that its reorganisation plan became effective on 15 February -
Brigade markets $508 million new issue CLO via Morgan Stanley
5 years ago
Brigade Capital Management is marketing a new issue CLO via Morgan Stanley, according to market sources
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