Latest news
Latest news
Market anticipates another record year for new issuance, even as equity returns remain weak
Rating upgrades to CLO tranches by Moody's and Fitch could let managers increase leverage in deals
Manager takes advantage of tight spreads available for refinancings to cut triple-A pricing by 14bp
More articles
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GreensLedge Capital Markets is looking to arrange more collateralized loan obligations and broaden its scope in the coming months, snapping up veteran CLO bankers and eyeing a London office, according to co-founder Jim Kane.
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The U.S. market saw pricing on about $1.17 billion in three collateralized loan obligations, while other asset classes floundered in the peak of the traditional July quite period.
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JPMorgan is plotting to make fresh waves in the new issue collateralized loan obligation market, aligning its origination, structuring and distribution arms with its credit trading platform.
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PineBridge Investments has priced its $403.75 million collateralized loan obligation, Galaxy XI CLO 2011-1A, increasing it from an initial $301.5 million.
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The U.S. Bankruptcy Court this morning approved a motion to hand over a pile of disputed assets once managed by GSC Partners to its senior lender Black Diamond Capital Management, squashing a plan GSC’s minority lenders proposed to redistribute the collateral.
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Apollo Global Management, which announced today it will acquire Gulf Stream Asset Management, still has its eye on more collateralized loan obligation platforms, an official familiar with its plan said.
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A lack of standardization is hampering the return of the collateralized loan obligation market, according to Peter Gleysteen, ceo of Commercial Industrial Financial Corp.
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Oak Hill Advisors is in the market with a new $400 million collateralized loan obligation with the intention of selling the equity to third-party investors.
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Bank of America-Merrill Lynch snagged the top spot for bookrunning global asset-backed securities in the second quarter of 2011, pushing out $6.07 billion in new deals, according to data provided to TS by Dealogic.