S&P Now Sees CLO Issuance Reaching $75B in 2017
The unexpectedly strong pace of collateralized loan obligation issuance in April has prompted S&P Global Ratings to increase its forecast for the year as a whole.
CDOs
Deal Scan: HESAA Tests Student Loan Market, First Key Preps RPL RMBS
First Key preps its second reperforming RMBS of the year; April CLO count reaches $29.8 billion; Toyota, Nissan file plans for notes backed by auto loans and dealer inventory financing.
Commerzbank Sponsors 346.2M European CLO
The London office of Commerzbank AG Debt Fund Management is pricing its third overall CLO in a with a senior loan portfolio targeted at 346.2 million.
LSTA Executive Director Bram Smith Retiring
Bram Smith is retiring as executive director of the Loans Syndication & Trading Association effective at years end, the trade group announced Thursday. Smith has been with the LSTA for nine years, joining as interim executive director in September 2008 before he was installed as permanent ED in December 2009.
Deal Scan: Defaults on Loans Held in Fitch-Rated CLOs “Benign”
Fitch Ratings says the default rate for leveraged loans held by CLOs it rates remains "benign" at 0.4%, although slight concerns remain about bankruptcies looming defaults from speculative-grade debt held by key retail, media and energy sector firms.
Deal Scan: Napier Park to Issue its 1st CLO of 2017
Napier Park to issue 1st CLO of year; Moody's expects CLO refi activity to remain strong; S&P puts gobal corporate default tally for 2017 at 30, including 23 in the U.S.
Deal Scan: Renovate America Adds to PACE Supply
Renovate America launches $268 million of bonds backed by Property Clean Energy Assessements; Calibur Home Loans returns with non-prime RMBS, and three more collateralized loan obligations refinance.
European CLO Managers Underreport Cov-Lite Exposure
Managers of European collateralized loan obligations are under-reporting their exposure to loans that lack certain investor protections, according to Moodys Investors Service.
Deal Scan: Bayview Preps Another CRT Repack
Bayview Asset Management is bundling bonds that Fannie Mae and Freddie Mac use to transfer the credit risk of mortgages into collateral for new bonds.
Banks Get More Goodies in GOP’s Updated Dodd-Frank Overhaul Plan
A new Republican plan to streamline Dodd-Frank's capital rules, stress tests and many other requirements will be reintroduced in the coming weeks by House Financial Services Committee Chairman Jeb Hensarling.
LSTA Takes Risk Retention Fight to the Top
The LSTA is lobbying the Trump administration to eliminate or modify risk-retention rules on CLOs, preferably through the quickest route possible: the SEC's rule enforcement authority.
CLO Managers Holding Out Hope for Regulatory Relief
CLO managers are wording the language of amendments used to refinance deals so as to be able to benefit if risk retention rules repealed.
Refinancing Dominates CLO Market Again in March
Refinancing activity dominated the CLO market again in March, as some 50 deals totaling $20.5 billion repriced their securities.
California First Told to Slash its Portfolio of Leveraged Loans
The Office of the Comptroller of the Currency issued the directive following an interim examination.
Triumph Bancorp Sells CLO Manager to Private Equity Firm
Pine Brook, a private equity firm that specializes in financial services and energy sectors, has agreed to acquire Triumph Capital from Dallas-based Triumph Bancorp.
US CLOs Halved Exposure to Ocean Rig Over Past Year
CLOs have significantly reduced their exposure to Ocean Rig, the offshore drilling contractor that announced a restructuring agreement Tuesday, according to Wells Fargo Securities.
InvestCorp Marketing 1st Euro CLO Post-3i Takeover
Investcorp Credit Management EU is debuting its first European CLO since announcing its acquisition of the debt management business from 3I Group last October.
CLOs Increasingly Seeded by Rated Warehouses
Competition for leveraged loans is tough, and thats forcing some of the biggest buyers to tap new sources of financing.
LSTA Warns on CLO Exposure to Distressed Retailers
The LSTA pointed to recent research reports noting that outsized exposure to certain troubled retail apparel and department stores has expanded for collateralized loan obligations.
King Street Capital Makes $507M CLO Debut
Global distressed debt fund manager King Street Capital Management is issuing its first collateralized debt obligation ever.
Load More
Couldn’t load more articles. Try again.