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GC Asia
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Legal disputes loom as CLOs navigate uncharted waters
The many challenges that come with steering CLOs through an unprecedented crisis is paving the way for a new era of legal disputes among players in the sector.
04 Jun 2020 -
CBAM brings first post-Covid CLO ahead of market drought
CBAM Partners is the first manager to price a debut CLO in Europe since the Covid-19 pandemic began but market participants are worried about the lack of new warehouses opening, forecasting a drought ahead after the pre-crisis deals are termed out.
04 Jun 2020 -
CVC and Spire ready new European CLOs
CVC Credit Partners and Spire Partners have announced new European CLOs, CVC Cordatus Loan Fund XVII and Aurium CLO VI, as the European market slowly gets back to normal.
03 Jun 2020 -
Law firm hires expert on Libor transition
Shearman & Sterling has hired Mark Chorazak as partner in its global financial institutions advisory and financial regulatory practice in New York.
02 Jun 2020 -
Crisis Talk — with Jeremy Ghose, global head of Investcorp Credit Management
Investcorp's Credit Management business is one of the largest CLO issuers in Europe, with 24 deals under its belt, and a firm focus on the large cap, broadly syndicated market. GlobalCapital spoke to its boss, veteran leveraged finance investor and banker Jeremy Ghose, about how the coronavirus crisis has changed the LBO market, what CLOs will look like in the future, and the grim outlook for direct lending.
02 Jun 2020 -
Euro CLOs risk switching to semi-annual payments
European corporates are asking lenders to switch their loans to semi-annual interest payments, in some cases, which could feed through to CLO coupons as well.
02 Jun 2020 -
US CLOs on track to return to pre-Covid levels
Spreads on triple-A CLOs are tightening, with investors predicting a snap back to pre-pandemic levels this summer.
01 Jun 2020 -
GSO and Napier Park find new tights for post-Covid CLOs
GSO/Blackstone and Napier Park both priced post-covid CLOs on Thursday, with GSO finding new tights for the European CLO market since its reopening.
29 May 2020 -
Middle market specialist hires Oaktree executve
Owl Rock Capital, an alternative asset manager focused on middle market credit, has hired Jesse Huff from Oaktree Capital Management.
28 May 2020 -
Threat of CLO downgrades poses challenge for insurers
The possibility of CLO downgrades from the major rating agencies is creating a difficult situation for insurance companies, many of which have bulked up their investments in lower rated bonds in the last two years.
27 May 2020
