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
-
The US primary CLO market buzzed with activity last week, as five new deals were priced and investors eye a wave of reset transactions in the second half of the year. -
US alternative investment manager Highland Capital Management has launched a new Irish-domiciled global CLO debt fund to tap into European investor demand for floating rate corporate debt in an easily investable format.
-
PIMCO is understood to be setting up a new fund aimed at buying CLO equity tranches, with portfolio managers recently flagging the opportunity created in the space by the rollback of risk retention rules.
-
Natixis has appointed Chris Gilbert as head of US CLO banking and David Williams as head of US global structured credit solutions capital markets, following the departure of two CLO bankers last month.
-
The rush of US CLO managers looking to extend existing deals on the back of risk retention rules being vacated might take some of the steam out of the new issue CLO market in the second half of the year, say some market players.
-
A panel of CLO experts speaking on day two of Global ABS agreed that the market in Europe is operating a near peak efficiency, and that the market is “nowhere near” a turn in the credit cycle for at least the remainder of this year.
-
US pet retailer PetSmart has moved a portion of online subsidiary Chewy out of the reach of the company's senior bondholders, but that has not weighed on the notes in the secondary market.
-
The proposed changes to the Volcker rule include an invitation for comments on whether CLO managers should once again be able to hold high yield bonds in their portfolios, a move that would bring US managers back in line with their European counterparts.
-
Fitch Group has reached an agreement to acquire Fulcrum Financial Data, which includes financial analysis brands such as Covenant Review, LevFin Insights and Capital Structure.
