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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Palmer Square Capital Management sold a new CLO on Wednesday, as US CLO analysts are predicting that high levels of supply are likely to put pressure on spreads for the remainder of the year, and rating agencies warn on riskier behaviours seeping into leveraged loan and CLO markets. -
Russia’s Bank for Development and Foreign Economic Affairs (VEB) has signed an agreement with China Development Bank that could see the Chinese state run lender provide up to $9.8bn-equivalent in loans to finance joint projects between the two institutions.
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THL Credit has acquired the CLO unit of Chicago-based loan manager Kramer Van Kirk Credit Strategies.
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Natixis Investment Managers has bought MV Credit, the private debt investment firm, from the partners of the firm.
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Small and middle market focused lender Kartesia has hired Sharif Anbar-Colas as portfolio manager to focus on CLO investments.
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GlobalCapital has learned that Citigroup is marketing the equity for BlackRock’s sixth European CLO, which is expected to be around €410m in size.
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BlueBay has hired Sid Chhabra as head of structured credit and CLOs in London, and plans to establish a new range of global structured credit and ABS strategies.
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S&P Global Ratings knocked a notch off pet food retailer PetSmart’s corporate credit rating on Thursday, citing the firm’s ‘unsustainable’ capital structure and the increased risk of a distressed debt exchange after a portion of its subsidiary Chewy was transferred to private equity sponsors.
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Allocations for a €3.025bn acquisition loan from Czech investment fund PPF Group are due in the next few days, according to a lead.
