Latest news
Latest news
Manager tightens triple-A pricing by 27bp and avoids refinancing some junior mezzanine notes
Spread on triple-A rated notes 4bp wide of recent tights
Deal will bring fourth major multilateral development bank to the market
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SC Lowy Asset Management has hired William Bishop as senior sourcer for distressed debt in London.
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Investment firm EDIFY, headquartered in Luxembourg, has issued its first Euro PP notes. -
CIFC Asset Management, one of the largest CLO managers in the world, has recently turned its attention to Europe, with the hire of Joshua Hughes to start marketing and fundraising for European loan investments. It is planning to build out the business in the coming months with more London-based hires, including a senior investment professional to lead that side of the business — but it’s not diving headfirst into the increasingly crowded European CLO market.
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US middle market CLOs sprung back to life this week with a $1bn deal from Golub Capital, the first new issue of the month.
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BlackRock has closed its first private debt fund dedicated to the European middle market, as the asset manager predicts private debt will be increasingly "significant" in the way mid-cap companies are financed.
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Sources speaking with GlobalCapital on Wednesday said that the growth of the commercial real estate CLO market is gnawing away at lenders’ ability to keep underwriting standards high and remain competitive, pushing out traditional sources of debt capital in favour of debt funds and other alternative providers.
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CLO equity investor Eagle Point Credit Management has filed documents with the Securities Exchange Commission to set up a new closed-end CLO debt fund that will target double-B rated tranches.
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Corporate fundamentals paint a rosy picture of the health of US leveraged finance markets, but investors are getting complacent given the erosion of creditor protections and the rumbling threat of trade wars, wrote Guggenheim analysts on Wednesday.
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Money360, a small commercial real estate lender, is joining a number of new issuers who are securitizing floating rate bridge and transitional loans.
