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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With an increasing amount of leverage available in the CLO market, hedge funds are creeping up the CLO capital stack to buy higher rated bonds, while insurers slip down the capital structure to buy riskier paper. -
The European Bank for Reconstruction and Development is to lend Dh217m (€20m) to CaixaBank to fund small and medium enterprise (SME) lending in Morocco.
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Two commercial real estate CLOs are understood to be in the pipeline following a bumper deal from Prime Finance last week, in what has been a hot year for the asset class.
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Drinks bottle maker Refresco has pared back the size of the euro tranche of a term loan ‘B’ and added a sterling portion as it looks to wrap up commitments for the deal on Tuesday.
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Toymaker Mattel has loosened the terms of its revolving credit facility for the second time this year after key buyer Toys ‘R’ Us filed for chapter 11 bankruptcy on Monday.
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New York investment manager Neuberger Berman has closed a new $1.1bn fund that will target the secured and unsecured debt of private-equity backed US companies.
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A hastily arranged bankruptcy financing for Toys ‘R’ Us has left investors analysts scrambling to understand the impact on the company’s corporate and real estate debt.
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Speakers at ABS East in Miami on Tuesday highlighted the heat in middle market lending, as new funds chase yield in the sector with increasingly aggressive deal terms and financing methods.
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Toys‘R’Us has filed for bankruptcy protection in the US and Canada as it attempts to restructure its debt. Its woes should be another hint to CLO managers that its time to cycle out of specialist retail exposures.
