Three US CLO anchor equity positions go on sale one week after payment dates5 days 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.
Class F notes of 2018 CLO downgraded to triple C by Moody's10 days ago
Moody’s has downgraded the class F notes of a 2018 CLO to Caa1, citing par loss in the underlying portfolio for its decision
CLOs face losses as Constellis loan drops to 28.517 days ago
32 CLO managers hold $640.4 million of Constellis Holdings’ debt, which Moody's downgraded to C after the company missed an amortisation payment due 31 December
Global mid market CLO league tables: Golub and Natixis lead by a distance19 days ago
Golub Capital and Natixis dominated the mid market CLO space in 2019 in the manager and arranger league tables, respectively
First Eagle completes first CLO transaction following THL buyout1 month ago
First Eagle Investment Management has priced its first transaction in the CLO market since announcing the acquisition of CLO manager THL Credit Advisors earlier this month
The Last Tranche with THL’s Herzig: loan bifurcation and the direct lending safety net2 months ago
For Creditflux's Last Tranche podcast, THL Credit’s Michael Herzig joins Hugh Minch and Seth Brumby to talk, among other things, about bifurcation in the US loan market, why some borrowers might suffer refinancing woes and how large direct lending funds can step in to provide financing to even large-cap companies
CLO issuers split triple Bs as mezz demand shrinks2 months ago
A sharp fall in US loan prices has meant that the value in CLO structures is shifting out of mezzanine tranches and into equity. There is a similar dynamic at play in the credit index tranche market, where sources say value has shifted out of mezz and into equity amid an increase in idiosyncratic credit risk.
Global CLO b-wic round-up: volumes jump as investors get their triple A fix3 months ago
The US CLO secondary market brought over $1.2 billion in total listings last week with the main driver behind last week’s supply being an increase in US CLO triple A bonds and an anchor equity position.
THL joins group of managers to refinance 2017 CLOs3 months ago
THL Credit Advisors yesterday joined the short but growing list of managers to refinance a 2017 CLO, according to market sources
CLOs finally get green cards as ESG makes its way to US market3 months ago
The rapid rise of environmental, social and governance (ESG) guidelines in financial markets has made its way across to the US CLO market, with several managers and investors last month announcing strategies geared towards ESG compliance.
THL prices second CLO of the year backed by broadly syndicated loans4 months ago
THL Credit Advisors on Friday priced its second CLO of the year backed by broadly syndicated loans, according to market sources
THL returns with second middle market CLO offering5 months ago
THL Credit Advisors on Friday priced its second CLO backed by loans to middle market companies
CLO pipeline: US takes up baton after European July sprint5 months ago
The US CLO market is ready to kickstart issuance in August as nine deals have been added to the running pipeline.
THL anchor CLO equity seeks purchase in secondary market5 months ago
Up for auction later today is the 15th controlling stake in a US CLO this year, with nine of the previous 14 having failed to trade
CLO pipeline: deal flow picks up as Amherst and SocGen work on mandates7 months ago
This week’s CLO pipeline looks very healthy in the US broadly syndicated loans CLO market with Amherst Pierpont and Societe Generale among the firms working on mandates
BNP Paribas lands double punch with two CLOs in a day9 months ago
BNP Paribas made a $1.11 billion splash in the US CLO market on Friday, pricing two new issue CLOs.
Mid market CLO league tables: Natixis dominates in Q1 as middle market diversifies9 months ago
The middle market CLO space has seen less activity at this stage of the year compared to 2018.
CLO pipeline: managers decide there's no point hanging about with quick-fire CLOs9 months ago
The CLO pipeline for the coming week shows signs of decent flow as managers ready themselves to offload deals.
Creditflux reveals finalists for most competitive Manager Awards ever9 months ago
To compile the shortlist for the annual Creditflux awards, we select the best performers in credit using a combination of detailed, data-driven metrics. The winners will be announced on 8 May
US CLO round-up: choose your own reinvestment period10 months ago
Reinvestment periods have played an important role so far this year, with 30.8% of the new issue market opting for terms shorter than four years
THL prices two CLOs in a single day, including first middle market-backed deal10 months ago
THL Credit Advisors left a $914.65 million mark on the CLO market on Friday by pricing two new issue deals, including its first transaction backed by middle market assets
THL prepares $505 million CLO alongside Natixis10 months ago
THL Credit is looking to issue a new CLO via Natixis named THL Credit Wind River 2019-1
THL prices its $660 million CLO reset1 year ago
THL Credit Advisors teamed up with Morgan Stanley on Friday to price its largest CLO transaction of 2018
Kroll wins first CLO mandate to expand rating agency roster1 year ago
Kroll Bond Rating Agency has won its first CLO mandate with an announcement from the agency indicating that it has been hired to assign ratings to senior notes which are being issued as part of a US CLO reset
Barings and THL each price CLOs with senior triple As at 115bp1 year ago
Two new issue CLOs hit the market today with remarkably similar structures
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