Latest news
Latest news
Refis, resets and new issues all on offer as Five Arrows, Apollo, Neuberger Berman, Ares and Oaktree price deals
European CLO ETFs' total holdings near €2bn
International Finance Corp’s drive to introduce development finance to the CLO market is advancing. Its second deal of $509m had more investors, more tranches and better pricing, supporting its rapid growth
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Debra Anderson, head of Tikehau Capital’s CLO business, is finishing her notice period before retirement. She joined the company in 2014, and will be concluding her financial career after 34 years in the sector. -
CLO reset and refinancing activity has rocketed over the last month, and it is here to stay, given the amount of deals callable and the incentive for managers to cut liability costs. But despite the tighter spreads which can be locked in, the costs of executing a refi can hurt equity distributions in the short term.
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HSBC's Henry to retire — European Commission borrows IR and funding officials from EIB — Paterson joins CQS
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Kuvare Holdings, a Chicago-based insurance and reinsurance company, hired former Penn Mutual CLO specialist Jason Merrill as vice president in its structured securities unit.
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Bardin Hill Investment Partners has returned to US CLO issuance after more than two years of absence.
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Marble Point has hired former Seix Advisors chief executive Bob Sherman in a newly created position of global director of strategic development.
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Cairn Capital, the alternative credit asset management firm in which Mediobanca has a majority stake, has agreed a deal to buy and merge with Bybrook Capital.
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TCW Asset Management refinanced a CLO issued in 2019 via an applicable margin reset (AMR) auction, becoming the first manager to use the innovative way of refinancing twice.
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AGL Credit Management hired David Preston, the former head of CLO and ABS research team at Wells Fargo Securities laid off by the bank last year. Preston has been appointed on Monday as head of structured credit research at AGL, reporting to CEO and CIO Peter Gleysteen and COO Wynne Comer.
