Latest news
Latest news
Manager trims spreads on CLO’s investment grade tranches in partial refinancing
New hire spent spent more than a decade at Arnold & Porter
Deal priced 1bp wide of Oaktree's previous new issue transaction
More articles
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Information Management Network (IMN) has moved to secure the Eden Roc Miami Beach Hotel as a second host venue for is annual ABS East conference alongside the Fontainebleau Miami Beach, to accommodate an expected stampede of US CLO market participants. -
The US CLO market surged in July, with issuance picking up and spreads tightening, but industry insiders are cautioning that the sector still has a way to go before returning to the heights of the past few years.
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HSBC and Société Générale have underwritten a sterling loan for what is, according to two bankers, the first UK leveraged buyout since the country voted to leave the EU almost a month ago.
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Three of the 30 most commonly held company exposures in US CLOs were downgraded in the second quarter of the year by S&P Global Ratings, reigniting concerns around collateral quality in the sector.
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Peter Melichar, head of European CLO origination at Jefferies, has left the bank, GlobalCapital understands.
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Japan’s Norinchukin Bank is considering investing in the European CLO market, which could push triple-A spreads — already historically low — to even tighter levels. David Bell reports.
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The US CLO new issue market is rolling headlong into the dog days of summer, with Prudential Fixed Income and Credit Suisse Asset Management each pricing new deals.
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Valeant moved to reassure its investors on Thursday over the company’s future after former CEO Michael Pearson sold off a large portion of his shares, causing a drop in the value of the stock on Thursday morning.
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Invesco and Soundpoint Capital Management have each priced CLOs this week ahead of a wave of issuance from big name managers that is expected to hit the primary market before the August lull.
