Simmons bedmaker files for prepackaged chapter 11
Simmons Bedding filed for a prepackaged chapter 11 at the US bankruptcy court for the district of Delaware yesterday.

Homebuilder files bankruptcy with $370 million of debt
Michigan-based homebuilder Champion Enterprises filed for chapter 11 bankruptcy on 15 November at the US bankruptcy court for the distrit of Delaware.

Mezzanine CLO demand holds up as triple A prices slip
Asset management and sell-side executives report that secondary prices for double A CLOs are holding ground while triple A prices slip

Holder kicks back bids for European mezz CLOs
A London-based money manager kicked back mid-20s to high-30s bids on several European mezzanine cashflow CLO bonds that it tried to sell this week

Triple A CLOs prices are faltering, say traders
A recent auction shows that secondary prices for triple A CLOs may be weakening

MGM bucks the trend with lowest LCDS recovery since June
On 10 November dealers took part in a credit auction to settle loan-only credit default swaps referencing MGM.

Investor offloads CDOs-squared
Several tranches from Babson Capital’s CDOs of CDOs, Connecticut Valley 2 and Connecticut Valley 3 were sold on Friday by a single seller

US broadcasting company warns of bankruptcy
In its most recent SEC filing, Citadel Broadcasting reported that there is a possibility of it filing for chapter 11 bankruptcy.

Trups CDOs win bids despite debt-exchange uncertainty
An auction of senior trups CDOs produced a decent amount of trades last week despite the growing uncertainty over valuations in the sector

Former SIV investors sell-off $1.3 billion in ABS CDO positions
CDO assets totaling $1.37 billion which were originally from the IKB-sponsored Rhinebridge structured investment vehicle are lined up for auction today through a major broker-dealer

Mid market CLOs catch a bid
An auction this week of US middle market CLO tranches saw prices approaching those of broadly syndicated deals

US bank scoops up secondary CLOs
A leading US bank was a major buyer of cash CLOs coming from several b-wics on Thursday, say market sources, as bid lists continued to come thick and fast

Triple A CLO prices resisting rally in Q4
Triple A CLO prices still have yet to move up in price this quarter

Investors look to sell CLO equity
Holders of CLO equity are looking to tap into the strengthening rally for subordinated bonds, as illustrated by the apparent sale of two equity positions yesterday and a $35 million auction planned for today

Price surge leaves commercial real estate CDOs lagging
Cover bids released to a handful of select investors from a recent auction of CMBS and CRE CDOs suggests that these assets have lagged the general surge in structured credit prices

Holders take profits as CLO auction prices reach new high
Money managers took profits last week, selling dozens of CLO bonds ranging from equity to junior mezzanine tranches

Banks bids on trups CDOs
A major US bank bid aggressively on a Trups CDO auction of three Pretsl deals earlier this week, but the bonds traded to other parties

Car auction company gets heavy with lenders
A widely held loan issuer is at loggerheads with its senior lenders over its plans to pay down unsecured debt with the proceeds of an upcoming IPO