Carlyle’s 4th CLO Brings YTD Issuance to $62.6B
The Carlyle Group priced its fourth collateralized loan obligation of the year Friday, bringing U.S. issuance for the year to date to $62.6 billion, according to Thomson Reuters LPC.
CDOs
CVC Credit Refinancing a 2011 Vintage CLO
CVC Credit Partners is preparing a $490 million collateralized loan obligation, according to rating agency reports.
ABS East: Beware of the Kindness of Interest Rates
Participants at ABS East held forth on value opportunities in securitization and how increases in interest rates, loosening underwriting standards and the debt ceiling stalement ought to inform investor behavior over the short-to-medium term.
CIT Readies Rare Sterling-Denominated CLO
CIT Asset Management is preparing a rare sterling-denominated CLO, according to a presale report published by Standard & Poor’s.
ACIS Capital Plans $850M CLO
ACIS Capital Management is prepping a $849.43 million collateralized loan obligation, according to a presale report from Standard & Poor’s.
No Exception to Risk Retention for CLOs
Collateralized loan obligation managers and arrangers have long argued that they should not be subject to the requirements to retain “skin in the game” of these deals. CLOs, which are backed by below investment grade corporate loans, didn’t contribute to the financial crisis, the argument goes, and they shouldn’t have to pay the price for […]
No Exception to Risk Retention for CLOs
Regulators have granted collateralized loan obligations an exception to risk retention rules, but it's a no-go
Euro Private Placements Fill Lending Void
A nascent private bond market in France is expected to grow significantly over the next two years,
Wells Fargo: CLO AAAs to End Year at 135-140 BPS
Spreads on triple-A tranches of new CLOs are likely to tighten by 10 to 15 basis points by the end of the year, according to Wells Fargo.
Palmer Square Capital Mgmt Closes Second CLO
Palmer Square Capital Management has closed on its second collateralized loan obligation in six months.
Symphony Asset Mgmt Marketing $832M CLO
Symphony Asset Management is marketing a $832.5 million collateralized loan obligation, according to a presale report by Fitch Ratings
SFIG Elects New Board, Imamura Still Chair
The members of trade association The Structured Finance Industry Group (SFIG) have elected a new, 40-person permanent board, the organization said in a press release.
Salus CLO Issues Additional $300M of Notes
Salus Capital Partners LLC has issued an additional $300 million of notes from a collateralized loan obligation that closed in February.
Garrison Capital Prices $350M Middle Market CLO
Garrison Capital, a lender to middle market companies, has securitized some additional loans on its balance sheet.
Angelo Gordon Tees Up Its 1st CLO of 2013
Angelo, Gordon & Co. is working a $350 million collateralized loan obligation, its first of 2013.
Barclays: Expect Shorter Non-Call Periods on New CLOs
Concerns about risk retention rules could lead CLO managers to structure new deals with shorter non-call periods, according to analysts at Barclays.
LSTA: CLO Outstandings Seen Remaining Constant
Participants expect most issuance of collateralized loan obligations will refinance existing deals, according to a survey by the Loan Syndications and Trading Association.
American Capital to Issue $400M CLO
American Capital is marketing a $400 million collateralized loan obligation, according to Standard & Poor’s; Citigroup Global Markets it the arranger.
DB Issues $406M CMBS Re-Remic
Deutsche Bank priced a re-REMIC of AAA-rated CMBS, today according to market sources. The $405 million deal Deutsche Bank re-remic trust 2013-EZ3, priced the DBRS and Moody’s Investors Service rated, triple-A notes, with a weighted average life of 2.44-years at 95 basis points over Swaps. DBRR 2013-EZ3 is a static cash pooled Re-REMIC that is […]
Risk Retention Rules May Shrink U.S. CLO Market
The U.S. market for collateralized loan obligations would shrink by 75% if proposed risk-retention rules are implemented, according to the Loan Syndication and Trading Association.
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