Latest news
Latest news
Lower pricing across CLO capital structure does little to improve equity arbitrage
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
More articles
More articles
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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. -
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.
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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.
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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.
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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.
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The European Banking Authority has published a discussion paper looking to harmonise the supervision of risk transfer in securitization across the EU.
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Investors were finally offered a crack at new European CLOs this week, with offerings priced from Tikehau Capital and Accunia.
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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.
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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.
