• Mattel loosens debt covenants after Toys ‘R’ Us bankruptcy

    Toymaker Mattel has loosened the terms of its revolving credit facility for the second time this year after key buyer Toys ‘R’ Us filed for chapter 11 bankruptcy on Monday.

    • 21 Sep 2017
  • Neuberger Berman closes $1.1bn PE debt fund

    New York investment manager Neuberger Berman has closed a new $1.1bn fund that will target the secured and unsecured debt of private-equity backed US companies.

    • 20 Sep 2017
  • Investors count cost of Toys ‘R’ Us bankruptcy

    A hastily arranged bankruptcy financing for Toys ‘R’ Us has left investors analysts scrambling to understand the impact on the company’s corporate and real estate debt.

    • 20 Sep 2017
  • Watch middle market heat, warns Cerberus MD

    Speakers at ABS East in Miami on Tuesday highlighted the heat in middle market lending, as new funds chase yield in the sector with increasingly aggressive deal terms and financing methods.

    • 19 Sep 2017
  • Toys‘R’Us woes should prompt CLO managers out of retail

    Toys‘R’Us has filed for bankruptcy protection in the US and Canada as it attempts to restructure its debt. Its woes should be another hint to CLO managers that its time to cycle out of specialist retail exposures.

    • 19 Sep 2017
  • Primary euro CLO market restarts

    Investors were finally offered a crack at new European CLOs this week, with offerings priced from Tikehau Capital and Accunia.

    • 19 Sep 2017
  • QCLOs, CFPB reform on agenda in era of reg loosening

    The headline panel on day two of ABS East on Monday kicked off with a wide ranging discussion on deregulation in the Trump era, with congressman Andy Barr (R-KY) telling ABS market participants to expect another push for a “qualified” CLO and a reining in of the powers of the Consumer Financial Protection Bureau (CFPB).

    • 18 Sep 2017
  • CLO buyers see sector, manager risk as equal

    CLO investors highlighted the importance of working with the right manager, as well as keeping a close eye on sector risks, in panel discussions at ABS East in Miami on Monday.

    • 18 Sep 2017
  • Manager risk as important as sector risk, say CLO investors

    CLO investors highlighted the importance of working with the right manager, as well as keeping a close eye on sector risks, in panel discussions at ABS East in Miami on Monday.

    • 18 Sep 2017
  • ABS market mulls holding on to long feared rules

    Regulatory concerns are a perennial topic of discussion at securitization conferences, but at ABS East in Miami this week it’s different: with some analysts predicting CLO volumes could challenge the record breaking 2014 figures, it’s the potential rollback, rather than rollout, of regulation that is prompting discussions.

    • 17 Sep 2017
  • Canadian pension ploughs $300m into US CLO equity

    Healthcare of Ontario Pension Plan has invested $300m in a new partnership with US CLO manager CIFC, which will finance the risk retention requirements for a potential $7.5bn of future CLOs.

    • 14 Sep 2017
  • Post Advisory to join CLO manager ranks as market booms

    Asset management firm Post Advisory Group said on Tuesday that it will build a US CLO management business, to be led by the former head of Alcentra’s US loan business, as deal volumes race past last year’s figures.

    • 12 Sep 2017
  • Loan fund outflows, refi slowdown could spur new CLOs

    A fifth straight week of outflows from leveraged loan funds and a slowdown in CLO refinancing activity could further boost the new issue CLO market, which enjoyed its second busiest month of the year so far in August.

    • 11 Sep 2017
  • Record euro CLO market heads for strong autumn

    European CLO new issuance this year has already broken 2.0 era records and a strong supply of leveraged loans and managers wanting to issue will lead to even more supply over the autumn.

    • 11 Sep 2017
  • CLO returns surge past corporate loans and bonds

    Returns on US CLO debt have handily beaten those of high yield corporate debt over the past year, say JP Morgan analysts, though the rally may be running out of steam in the latter part of 2017.

    • 05 Sep 2017
  • EU CLO volume could hit €18bn, US firms prep debuts

    New issuance of euro CLOs could hit €18bn by the end of the year, according to Bank of America Merrill Lynch, and more new issuers from across the Atlantic are looking to issue European deals.

    • 04 Sep 2017

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,074.60 62 6.98%
2 BNP Paribas 14,553.23 79 6.32%
3 Goldman Sachs 13,002.56 50 5.65%
4 HSBC 12,261.48 74 5.32%
5 Deutsche Bank 11,531.87 64 5.01%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 5,442.63 45 7.89%
2 Goldman Sachs 4,801.82 38 6.96%
3 Deutsche Bank 4,751.46 46 6.89%
4 Credit Suisse 4,353.57 48 6.31%
5 Barclays 4,263.74 37 6.18%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 28,018.08 214 10.98%
2 Citi 21,099.90 168 8.27%
3 Bank of America Merrill Lynch 20,960.58 186 8.22%
4 Goldman Sachs 19,294.20 134 7.56%
5 Barclays 17,943.05 119 7.03%