Latest news
Latest news
Manager adds almost €100m across the CLO's capital structure
The triple-A rated notes' spread widened by 25bp compared to the original deal
Spreads on CLO liabilities stay wide, making resets for deals from multiple vintages unattractive
More articles
More articles
-
The pipeline for U.S. new-issue collateralized loan obligations is building back up, meaning CLO issuance in 2013 is likely to soon surpass 2012’s full-year total.
-
Private equity firm Cinven has agreed to buy acquire an 80% stake in Heidelberger Lebensversicherung, the German life insurer, from Lloyds Banking Group for €300m.
-
Campbell Europe, the division of soup maker Campbell Soup Co which operates in continental Europe, has set margin guidance on its new €320m senior loans package. The deal is a rare case of new money issuance in an otherwise quiet month. -
Boutique investment bank Exotix has hired Andreas Fessler to bolster its European team as it expands beyond its emerging market roots into traditional credit markets.
-
Skrill, the UK online payment company, will wait until the end of the summer break before launching a €305m loan package that backs its leveraged buyout by private equity firm CVC.
-
Bondholders of Brazilian oil and gas producer OGX could face a distressed debt exchange or similar restructuring as the company’s liquidity pressures reach critical levels, said Standard & Poor’s.
-
Exchange-traded high yield funds are exerting increasing influence on the US high yield bond market, said Fitch Ratings, while dealer banks are holding fewer inventories of corporate bonds. The trend could come to Europe but ETFs still make up a smaller part of the market.
-
BMI Healthcare finalised an amendment and extension of its debt on Monday as it repaid £60m and pushed out maturities.
-
The US subsidiary of Alcatel-Lucent, the French telecommunications equipment company, is repricing some of its outstanding transatlantic debt.
