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McDermott slips into bankruptcy with CLOs holding almost $1 billion
4 years ago
42 CLO managers hold $957.6 million of the debt of McDermott International, which filed for Chapter 11 bankruptcy on Tuesday. Under the plan, McDermott’s term loan and revolving lenders will receive 94% of McDermott’s reorganised equity and $500 million in take back senior secured term loans. Term loan claims are expected to recover 84%, according to a disclosure statement -
HalseyPoint debuts in CLOs after two-and-a-half month ramp up
4 years ago
Start-up manager HalseyPoint Asset Management priced its debut CLO yesterday with founders Lynn Hopton and Yvonne Stevens informing Creditflux that their inaugural CLO was ramped up over just two-and-a-half months. -
Bain edges closer to second US CLO of the year
4 years ago
Bain Capital Credit is targeting its second US CLO in 2019 -
Global CLO b-wic round-up: secondary volumes make up for slump in primary
4 years ago
June saw the highest volume of US CLO b-wics this year with over $3.8 billion of US CLOs on the auction block, according to CLO-i. -
Global CLO round-up: US market has a fair-way to catch up to Europe
5 years ago
As the Ryder Cup drives a wedge between the US and Europe, managers putt their hopes in CLOs. But the European market is in the lead with three deals to one as Creditflux goes to press -
Axa IM and Goldman team up for third CLO deal of the year
5 years ago
Axa Investment Managers and Goldman Sachs have teamed up to price their third CLO transaction of 2018 -
US CLO round-up: market springs into life with non-risk retention compliant deals
6 years ago
US CLO risk retention is on the verge of being abolished (the 5% rule is set to be officially scrapped on 11 May) and the market seems to have made itself comfortable with ‘springing’ vertical strips -
Och Ziff prices new issue CLO with risk retention upsizing option
6 years ago
Och Ziff priced its third CLO transaction of the year yesterday -
US league tables: Old favourites fight off new challengers but competition remains tight
6 years ago
A familiar name leads the US CLO arranger league tables this year, delivering $6.5 billion of issuance. In the manager space, New York-based MJX Asset Management has been the most prolific player for 2018 -
Alcentra brings its second dual-compliant US CLO of 2017
6 years ago
Alcentra has priced its latest new US CLO, bringing the dual-compliant Shackleton 2017-XI CLO to market yesterday -
Octagon upsizes new US CLO
6 years ago
Octagon Credit Investors has issued its second CLO of 2017
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