Latest news
Latest news
Borrowers take advantage of robust CLO demand to tighten leveraged loan pricing
New realm for ex-Natixis banker, as HSBC Innovation Bank hires
Manager reset the deal for the second time as the end of its reinvestment period approached
More articles
More articles
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Apollo subsidiary Redding Ridge has hired Pretium Partners executive John D’Angelo as CLO portfolio manager in New York. -
A New York-based alternative credit specialist has appointed a new partner and hired a managing director to its credit research team.
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After a month of record issuance in July, CLO spread levels have tightened into a range to create a window for managers to reset older transactions in August.
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GSO Capital Partners priced its Dunedin Park CLO at the tightest spread levels of the year on Tuesday, selling the senior notes at 107bp over three month Euribor.
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US CLO managers priced three new deals totalling $1.21bn last Friday, bringing to a climax a week in which a total of $4.6bn in new paper hit the market.
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Ares European CLO XII was priced on Wednesday via Bank of America, with senior notes coming in at 108bp over one month Euribor, tighter than the senior debt from other CLO managers in recent months.
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The co-head of HSBC’s global capital markets business is moving to New York as the bank looks to win more market share in US leveraged finance.
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CLO equity investment specialist Eagle Point Credit Management priced an initial public offering of its CLO debt investment vehicle on Tuesday.
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The European CLO market is keeping up the pace, with alternative investor Tikehau pricing an €451.2m deal via Natixis at the end of last week, that was increased from €410.2. The ABS market, meanwhile, is slowing down ahead of August.
