Latest news
Latest news
Changing issuance patterns, tight mezzanine spreads and investor demand deliver bumper crop of deals
Deal follows Macquarie's acquisition of Spire, which issued previous Aurium CLOs
Pim van Schie, a portfolio manager at Neuberger, discusses rising investor appetite for CLO mezzanine tranches
More articles
More articles
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BofA names new pair to lead UK IB — UniCredit MTN banker joins SSA syndicate — Bank of America loses two traders in London — Allen & Overy names new structured finance partner
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Oaktree Capital has mandated Barclays as arranger for a €819.65m CLO, with the senior and equity tranches announced as subject and initial price thoughts for the class ‘B’ notes at 185bp. -
The leveraged finance market is feasting on the $10.2bn financing for the buyout of Johnson Controls’ batteries business by Caisse de dépôt et placement du Québec. Levfin players believe its success is in part due to a lack of jumbo supply in the US prior to the trade.
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Tetragon Credit Income Partners announced on Wednesday that it had closed its third CLO fund aimed at acquiring majority stakes in CLO equity tranches.
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Allen & Overy has appointed Nick Robinson, formerly special counsel at Milbank LLP, as partner in the law firm’s securitization and structured finance practice.
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Hayfin Emerald CLO 2, a €407.5m CLO arranged by Goldman Sachs and managed by Hayfin Capital Management, received initial price thoughts this week, with the deal due to be priced by Friday.
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News that UK plastic packaging producer RPC’s board had approved the bid of US rival Berry Global Group has been met with disappointment in Europe’s leveraged finance market, which had been gearing up to finance a £3.32bn leveraged buyout of RPC by US private equity firm Apollo.
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Three CLOs are moving through the euro pipeline with deals from Hayfin and Pinebridge marketing this week, and Goldman Sachs arranging a deal for CVC Credit Partners.
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Beth MacLean, executive vice president and bank loan portfolio manager at Pimco, argued in a recent commentary that growing public concerns about systemic risks linked to US leveraged loans ultimately miss the mark, even as regulators around the world continue to ramp up their scrutiny of leveraged lending.
