Latest news
Latest news
Major sectors in leveraged loans are trading down, making shrewd credit selection vital
Deal is one of the tightest prints this year and is the second European CLO solely arranged by Mizuho
Debut manager is launching a CLO platform building on leveraged loan market experience
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Fiscal stimulus and economic growth should keep the credit cycle going for another two years, but the weakening of investor protections will damage loan recoveries when the market turns, said panellists at an IMN investors’ conference on CLOs and leveraged loans on Wednesday. -
North Sea oil and gas operator Ithaca Energy cancelled a planned $350m junk bond on Tuesday, citing "market terms and conditions", after it had earlier tightened covenants on the deal.
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US investment manager Barrow, Hanley, Mewhinney & Strauss has hired two portfolio managers to set up a new bank loan fund and to lead the firm’s efforts across sub-investment grade US corporate debt.
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LoanCore Capital priced the largest commercial real estate CLO of the year on Friday, selling the $1.05bn LNCR 2018-CRE1 via lead arrangers Goldman Sachs and Morgan Stanley, and co-managers Wells Fargo and Jefferies.
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Permira Debt Managers has hired a CLO structurer from OZ Management (formerly Och-Ziff Capital Management) to structure deals for the firm’s new Providus European CLO platform.
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Oliver Wriedt, co-head of credit investment firm CIFC, has left the business to pursue other opportunities, according to the firm.
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CLO lawyer Sean Solis has left Dechert to join Milbank, Tweed, Hadley & McCoy in New York, the firm said on Monday, with the firm looking to capture market share from new entrants drawn to the sector by the rollback of risk retention rules.
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PGIM Fixed Income is in the market this week with a sterling denominated CLO offering, Dryden 63 GBP CLO 2018, arranged by NatWest Markets.
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Citi's Peter Keller, former co-head of EMEA structured credit, has been promoted to EMEA head of spread product sales.
