US clothing brand default leaves CLOs exposed
As many as 100 CLOs are among the holders of debt issued by FullBeauty, which defaulted on 31 October on an interest payment to its $345 million second lien loans  

Kicking the tyres: CLOs survive examination as bankruptcies tick higher
US CLOs are weathering the turbulence triggered by a couple of bankruptcies in the broadly syndicated loan universe, namely US retailer Sears and American Tire Distributors. Those bankruptcies, filed on 15 and 4 October, respectively, have failed to dent CLO structures

Lynn Tilton files for voluntary bankruptcy for Zohar CLOs
The drawn-out legal battle involving Zohar CLOs has taken a new turn, with the Zohar funds on Monday filing voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code

Investors nod through wind up of 1.0 euro CLOs
CLOs may have weathered the storm of the financial crisis far better than other structured products, but the tally of CLO defaults is quietly growing

281 CLOs set to be affected as Avaya files for bankruptcy
The CLO market was hit by its first high-profile default of 2017 yesterday, after Avaya filed for bankruptcy.

Investors call for default review as CMBS bonds face wipeout
Investors have called for an expert review of a credit event in a 2007 synthetic securitisation after the default left all but the triple A notes facing a total loss

BNP Paribas AM euro CLO makes history by triggering event of default
A 2004 vintage CLO managed by BNP Paribas Asset Management has hit an event of default, according to a notice available on CLO-i

Manager's legacy CLOs suffer downgrades despite strong equity returns
Mezzanine tranches from two US CLOs have been downgraded, but the pre-crisis deals are still making strong equity distributions

CLO investors sweep into options to clean up grimy loan portfolios
CLO investors are heading to the options market in droves in order to keep their portfolios clean

CLO manager makes whopping $32.8 million quarterly equity distribution
Working out is good for you: a CLO manager has made equity-like returns thanks to two defaulted loans

CLOs set to be poisoned as Peabody's canary goes belly up
In this metaphor, the canary is Peabody's 2022 second lien loan.

Valeant goes in search of a remedy with loans in danger of covenant breach
Painkillers won't do - large loan issuer Valeant Pharmaceuticals is going to need something stronger as it looks to stave off a possible default

Retail investors feel the pain as German mid-market defaults soar
The collapse of one of the biggest borrowers in Germany's smaller company bond market has cast doubt on the future of the €10 billion mittelstand bond market

Verso default triggers CLO 2.0 market's first OC breach
A 2013 CLO US CLO has become the first post-crisis deal to trip an overcollateralisation test, according to CLO-i

Loan holders hit out at Paragon bankruptcy plan
Holders of Paragon Offshore term loans, which are widely held by CLOs, have vehemently opposed the company's bankruptcy plans, according to a report by Debtwire

CLOs stand to gain from Paragon restructuring
Around 8% of CLOs own Paragon Offshore term loans, according to CLO-i

Commodities slump claims its latest victim as Noranda is canned
According to CLO-i data, around $210 million of Noranda's 2019 term loan is held in CLOs, with 83 deals holding some exposure to the name. These deals are set to take a hit after Noranda filed for bankruptcy yesterday