Latest news
Latest news
An interview with Propel and the BBB, a busy Q1 for ABS, more arb headaches for CLO managers
Resets for 2021 and 2024 deals are less attractive to managers due to wider liability pricing
Spreads for the triple-A rated notes were similar to the manager's previous deal
More articles
More articles
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As risk retention looms, equity and triple-A US CLO investors at loggerheads over the value of refinancing options are forcing managers to make unwanted concessions. -
Improving lending conditions, an increase in loan supply and investor appetite are not enough to get the moribund market for small to medium enterprise CLOs off the ground, something European policymakers have held as a top goal in revving the continent’s economic recovery.
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Republican Congressman Andy Barr called for the support of the CLO market for new qualified CLO legislation, on Tuesday, to counter the “larger threat” of risk retention rules.
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A senior CLO structurer at Deutsche Bank in London has left the firm to join Jefferies, GlobalCapital has learned.
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A recent accounting change in the US could allow third-party capital to take an even larger risk retention piece of new CLOs, just as European regulators look to clamp down on originator structures.
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Click through to cast your vote for GlobalCapital's US CLO of the Year 2014 Award, which will be presented on April 21 at IMN's New York CLO conference.
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The news that Lynn Tilton, founder and CEO of Patriarch partners, was charged with fraud by the US Securities and Exchange Commission on Monday has provided the market with plenty of tabloid-friendly fodder.
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As liability spreads grind tighter in the US CLO market, smaller arrangers looking to gain ground in the space could benefit from more refinancings, market participants say.
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Patriarch Partners founder and CEO, Lynn Tilton, who earlier this week was charged with fraud relating to CLOs, has fired back with a countersuit against the SEC.
