Latest news
Latest news
Leveraged loan prices have rallied from their post-war dip, with CLO demand remaining strong despite subdued LBO activity
Deal was refinanced with very tight spreads in 2021 and has been out of reinvestment since 2023
Deal includes one of the tightest triple-A prints since spreads widened due to the Iran war
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ABN Amro has agreed on a purchase price for its tender offer on the class E notes from its Smile 2005 synthetic collateralized loan obligation, following a one-week extension to the offer.
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Standard & Poor’s Ratings Service has places 70 tranches of U.S. corporate-backed collateralized debt obligations on watch for potential upgrade as the credit rating agency has been more positive about the instruments in recent months.
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The current rally in leveraged debt has made collateralized loan obligations a bargain for investors, according to Babson Capital Management.
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New reforms threaten to shrink the number of banks in Europe willing to provide swaps in securitization trades, according to market professionals.
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A federal judge in New York has dismissed lawsuits brought by investors against Bank of America’s Merrill Lynch unit to force the bank to bring charges against officers and directors for their role in risky investments in collateralized debt obligations.
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The Federal Deposit Insurance Corporation has the market scrambling to understand an addition to its risk retention and qualified residential mortgage proposals, passed unanimously by the board Tuesday, that will force non-QRM deals to be structured with a “premium capture cash reserve account.”
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JPMorgan and GE Capital decided to market Kasima Incremental Term Loan, a $220 million securitization of media industry revenues, to syndicated loan investors—running the transaction from their loan desks and sidestepping securitization investors, according to the deal’s sponsor.
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The Basel Committee on Banking Supervision is said to be considering a capital surcharge on banks deemed systemically important.
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European collateralized loan obligations have little to cheer about Moody’s Investors Service’s announcement that changes in how it rates CLOs will result in upgrades and result in better perception of their creditworthiness.