Latest news
Latest news
Fund is designed to invest in the equity in Bain’s CLOs, but can also invest in liabilities
Manager trims spreads on CLO’s investment grade tranches in partial refinancing
New hire spent spent more than a decade at Arnold & Porter
More articles
More articles
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After initially asking its CLO management subsidiary Telos Asset Management to find a third party investor to provide the first-loss piece of its latest CLO, Tiptree Financial has stepped in to do so itself — although it is still in talks with potential financiers.
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Carlyle has restructured Carlyle Global Market Strategies Euro CLO 2013-1 to meet Volcker rule requirements, according to Bank of America Merrill Lynch research. It is the first Volckerisation of a European CLO, the analysts said.
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Pricing has widened on the £300m sterling cov-lite loan backing Clayton Dubilier & Rice’s acquisition of Motor Fuel Group, the UK petrol station forecourt operator. -
US business development company Prospect Capital is planning up to three securitizations in the coming months, as well as spin-offs of three of its investment platforms.
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Eric Bothwell has joined Ashurst’s New York CLO practice as a senior consultant and is looking to rebuild after the firm lost nine senior lawyers in two months.
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Babson Capital and Pramerica Investment Management capped a busy Thursday for the CLO market, pricing their respective vehicles and seemingly confirming 135bp as the clearing level for senior notes.
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Babson Capital and Pramerica Investment Management capped a busy Thursday for the CLO market, pricing their respective vehicles and seemingly confirming 135bp as the clearing level for senior notes.
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Babson Capital has given price guidance on its €416.2m Euro CLO 2015-1 BV, its third, with price guidance for its floating triple-A notes at 135bp over Euribor.
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Tikehau has followed the pricing of its debut €354.7m CLO with a new hire for the business, as it builds up its team for a €1bn-€2bn programme.
