Romark returns with second bond-flex CLO
Romark Credit Advisors has issued its second bond-heavy CLO following its debut in the asset class last year

TriMark court ruling encourages peace between lenders
Many CLO managers breathed a sigh of relief in August, with one source indicating a recent court case decision sent a “clear signal that the spate of lender-on-lender violence in the leveraged loan market will not remain unchecked”

Credit funds at a glance (June 2021)
A round up of fundraising and people moves in credit

Shenkman closes debut drawdown fund at $325 million
Shenkman Capital Management has closed its inaugural drawdown fund with over $325 million capital commitments

Shenkman produces first regular-way CLO new issue in almost two years
Shenkman Capital Management returned to the CLO primary market on Monday

CLO pipeline: European new issues set to resume but managers seek pricing stability
The CLO pipeline is heavy with reworked deals - and anticipation - as 14 US CLO and one European CLO refinancings feature, along with nine US CLO and six European CLO resets

Senior bond-flex CLO tranches are 'cheapest bonds within securitised products': BofA
Triple A-rated notes of bond-flex CLOs are 'one of the cheapest bonds within securitised products', according to a new research paper by Bank of America

Shenkman prices its first CLO primary transaction since March sell off
Shenkman Capital Management has priced its first transaction in the CLO primary market since the sell off in March

CLOs stuck with $100 million of bankrupt TNT Crane's debt
14 CLO managers hold $92.5 million debt of TNT Crane & Rigging, which filed for chapter 11 protection in the US Bankruptcy Court For The District Of Delaware yesterday

LP round up: Connecticut eyes Fortress for private credit partnership
Investors placed $3.3 billion across 26 credit mandates over the past fortnight, according to documents seen by Creditflux 

Global CLO b-wic round up: dealer bid strengthens secondary CLO market across the board
The US CLO secondary market had over $1 billion listed in b-wics last week, the first time at this level in three weeks according to CLO-i. A further €270 million went on sale in the European CLO secondary market, as the dealer bid returned to assist in continued tightening across the capital stack

US retailer bankruptcy spells hit for CLOs and CDX HY tranches
US retailer Neiman Marcus's filing for chapter 11 protection opens the prospect of a fourth credit event in the CDX HY index and a sixth for on-the-run HY tranches, as well as a hit for CLOs

Dispersion tests hedge fund managers

High yield pioneer Shenkman joins roster of bond-flex CLO issuers
Romark Credit Advisors, the CLO manager linked with Shenkman Capital, has joined the exclusive but growing group of bond-flex CLO managers

CLO pipeline: no rest for the wicked as new issues hit the market
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 

Connecticut $36 billion pension hires first chief risk officer
The Connecticut Retirement Plans and Trust Funds has hired its first-ever chief risk officer

US CLO league tables: JP Morgan narrows gap to Citi in new issues to $50 million
July saw $14.9 billion of issuance in the US CLO space with $9.4 billion of that in new issue CLOs. One of the transactions brought to the market was Whitebox Capital Management’s debut CLO, Whitebox I.

Shenkman affiliate prices first new issue CLO after 12-month hiatus
Romark Credit Advisors, the Shenkman Capital Management affiliate formed for risk retention compliance, has priced the third CLO under its own moniker named Romark CLO III

CLO pipeline: managers return in force after varying time-outs
CLO managers in all markets are taking the view that the time is ripe to print their latest deals. There are 30 transactions in the US CLO pipeline this week with a further four in the middle market space and Europe

Shenkman targets $500 million for opportunistic credit fund
Shenkman’s opportunistic fund will aim to take advantage of the volatility in the market

High yield bond experts spurn mock HY bond due to ‘red flags’
"It’s got more red flags than a communist party convention"

Citi prints three US CLOs in one day
Citi priced three US CLO transactions on Friday with deals for Carlyle Group, Intermediate Capital Group and Romark

Shenkman adds single B tranche in refi of 2015 CLO
Shenkman Capital Management has inserted a single B tranche into its 2015 CLO as part of a refi transaction

Two CLOs restructured for a second time by Citi
Citi priced a CLO reset and reissue on Thursday, market sources say

Shenkman affiliate adds single B tranche following CLO reset
The risk retention vehicle affiliated with Shenkman Capital Management priced a short-dated CLO reset yesterday