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A2E record reached
At nearly US$17.3bn across 14 different issuers, February's US loan amend-to-extend (A2E) volume was...
News 19 March 2012 -
CLO warning issued
Fitch has identified one implementation of the Volcker Rule that could have unintended consequences...
News Round-up 14 March 2012 -
Amend-to-extends proliferating
Cengage, the seventeenth largest corporate exposure and represented in about half of the CLO univers...
News Round-up 13 March 2012 -
CLO supply supporting loan fundamentals
The pick-up in CLO volumes early in 2012 is supporting an improvement in leveraged loan market funda...
News Round-up 9 March 2012 -
Trading vet resurfaces
Alan Packman has joined Knight Capital Group as head of structured credit trading. Packman was most...
Job Swaps 6 March 2012 -
Bank downgrades threaten trustee roles
The negative rating outlooks for many banks that serve as trustees on CLOs raises the possibility th...
News 6 March 2012 -
Spanish SME delinquencies on the rise
Fitch notes in its latest version of SME CLO Compare that there has been a significant increase in t...
News Round-up 2 March 2012 -
Trimaran acquired
Kohlberg Capital Corporation has acquired Trimaran Advisors, along with equity interests in certain...
Job Swaps 1 March 2012 -
Up-tick in defaults forecast for leveraged loans
European CLOs have benefited from lower-than-expected leveraged loan default rates, but Fitch predic...
News Round-up 29 February 2012 -
Euro CLO performance strong, despite challenges
Fitch notes that while European CLOs have to date performed to expectations with fewer defaults than...
News Round-up 29 February 2012 -
Smurfit loan extensions agreed
Smurfit Kappa, one of the largest obligors in the European CLO universe, disclosed that it has recei...
News Round-up 29 February 2012 -
Highland CLO acquisition completed
The Carlyle Group has completed the acquisition of four management contracts on €2.1bn in...
Job Swaps 28 February 2012 -
Healthy CLO supply continues
Three US CLOs printed in quick succession last week, bringing year-to-date supply to nearly US$3bn....
News Round-up 27 February 2012 -
UPC extension confirmed
UPC Holding, the largest single obligor in the CLO universe, has confirmed its TLS debt extension (S...
News Round-up 23 February 2012 -
New arrival to build structured credit team
Nicolas Boutar has joined Dinosaur Securities as structured credit sales director. He is responsible...
Job Swaps 22 February 2012 -
Loan extension 'test' due
UPC's request for lenders to respond to its proposed TLS debt maturity extension ends today. The mov...
News Round-up 16 February 2012