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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 -
CLO resiliency keeps equity attractive
RBS analysts have run a series of scenarios to investigate the impact of another credit cycle simila...
News 16 February 2012 -
Deerfield CLO acquirer revealed
Further details have emerged on CIFC Corp's sale of DFR Middle Market CLO (SCI 9 February). The righ...
Job Swaps 15 February 2012 -
Amend-and-extend activity noted
The Aramark (which is the 11th most common exposure among US CLOs), Sabre (12th), Nuveen (57th), Cae...
News Round-up 15 February 2012 -
CLO operational due diligence recommended
Fitch says that while manager consolidation in the US CLO market may be positive for bondholders, th...
News Round-up 15 February 2012 -
Record week for CLO BWICs
Last week was one of the busiest the US secondary CLO market has seen since 2Q11. Bid list volume wa...
News 14 February 2012 -
Euro CLO market ignites
There has been a rally in European CLOs over the last couple of weeks. Activity has picked up dramat...
Market Reports 9 February 2012 -
Deerfield CLO unloaded
CIFC Corp has sold the equity and class D mezzanine tranches issued by DFR Middle Market CLO, togeth...
News Round-up 9 February 2012 -
Provision mechanism warning
Fitch says it continues to monitor Empresas Hipotecario TDA CAM 3, a Spanish SME CLO whose reserve f...
News Round-up 8 February 2012 -
CLO pay-down to support technicals
An aggregate US$30bn US CLO pay-down is forecast this year due to structural amortisation. At least...
News Round-up 8 February 2012 -
Updated CLO methodology released
DBRS has released its updated global methodology to rate and monitor CLOs and CDOs backed by non-gra...
News Round-up 8 February 2012 -
Recession threat highlights Euro CLO concentration
The threat of a new recession in Europe has highlighted that the performance of a few issuers could...
News 7 February 2012 -
Trio of CLO prints point to tighter spreads
Goldman Sachs priced the US$430m Ares XXIII CLO for Ares Management on Friday, the third CLO to prin...
News Round-up 6 February 2012 -
CLO 'risk-off' trade evident in TRACE data
The latest Wells Fargo Structured Products Monthly examines TRACE trade data for the structured cred...
News 3 February 2012 -
GSC Group hearing due
The US Bankruptcy Court for the Southern District of New York has approved Black Diamond Capital Man...
Job Swaps 2 February 2012 -
Warehouse conflicts of interest raised
Securities Litigation and Consulting Group has released a study on CLOs issued in July and August 20...
News Round-up 1 February 2012