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
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HSBC's Diehl returns to US – GS gets co-ECM heads – Neuberger Berman takes from JPM – Lucas to leave Barclays early – Aviva hires Kara for European HY
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Investec has put the Pinewood 2013-1 European collateralised loan obligation, managed by Pramerica Investment Management, on hold until later in the year.
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Allocations were distributed to BMC Software’s investors on August 9, after a radical change to the debt’s structure and currency split.
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After a surge of transatlantic leveraged loans in July, market participants are adamant that borrowers should keep tapping the US market.
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The UK energy and mining consultancy firm Wood Mackenzie was due to allocate an add-on to its existing debt on Thursday, having relied exclusively on its existing syndicate. The new facilities will be used to pay a dividend to the issuer’s private equity owner, Hellman & Friedman.
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Leveraged Loans
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CVC Capital Partners is preparing a secured and unsecured high yield bond package to finance its takeover of Domestic & General Group, a UK insurance company specialising in appliance breakdown cover.
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Neuberger Berman, the employee-owned US asset manager, has hired Jon Jonsson from JP Morgan Asset Management for its London office.
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Codere, the Spanish gambling company, has decided not to pay the interest on its $300m 2019 bonds, which was due on Thursday.