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First Eagle prices one-year mid market CLO
4 years ago
First Eagle has priced its latest CLO backed by middle market loans -
Golub puts unfunded single A tranche into mid-market new issue CLO
4 years ago
Golub Capital has slotted an unfunded single A-rated tranche into a new middle market CLO named Golub Capital BDC CLO 4, which priced on Friday via Wells Fargo -
Credit Rendezvous: record fiscal stimulus provides pick-me-up
5 years ago
Credit markets had a mini bounce-back in the second quarter as central banks poured cash into the economy. But there is great uncertainty about the effects of a second wave of coronavirus. As part of our quarterly report on credit - the Credit Rendezvous - Creditflux spoke to experts across 12 segments of the credit market -
Owl Rock plans first lien loan-only mid market CLO
5 years ago
Owl Rock Capital Advisors is taking a new approach with plans for a middle market CLO formed exclusively of US first lien loans -
Mid-market CLO issuance returns as Fortress prices $390 million deal
5 years ago
Fortress Investment Group has overcome mid-market CLO headwinds to become only the second manager to price a new issue deal since covid-19 -
Four managers join forces on gigantic £1.9 billion unitranche
5 years ago
The supersized transaction to Ardonagh Group, led by Ares, is the largest ever unitranche facility -
Direct Lending Perspectives: deal flow slumps to €2.5 billion in Q1
5 years ago
European direct lending deal volumes slipped to €2.49 billion in the first quarter, according to the latest European Direct Lending Perspectives report -
Mid market CLOs open for business as Owl Rock prices first new issue after covid-19 shock
5 years ago
The primary market for CLOs backed by loans to middle market companies is open for business with Owl Rock Capital today pricing the first new issue mid market deal following the coronavirus outbreak -
Direct lenders eye 200bp premium in primary market
5 years ago
Deal flow is streaming in for European direct lenders who, despite monitoring portfolios for covid-19 related issues, have one eye on the primary market -
Germany's €600 billion aid package and amended insolvency rules line road to recovery
5 years ago
Germany has launched two major initiatives, relevant for direct lenders, to help companies weather the negative financial impact of the covid-19 pandemic, according to Hans Stamm and Angelo Lercara, Munich-based partners at Dechert -
UK government approves covid-19 loan scheme for larger businesses
5 years ago
The UK government announced a new covid-19 loan scheme on Friday to support larger firms with annual turnover of up to £500 million -
Points up front: Despite the fees, European SME CLOs are the future
5 years ago
Producing the first post-crisis securitisation of small and mid-sized European loans was a monumental effort for Be-Spoke Capital. -
Lenders look at MAC clauses amid revolver demand
5 years ago
A plethora of revolver draws has swept through the corporate credit markets. While banks and asset managers have so far shown the capacity to meet their unfunded commitments, the material adverse change (MAC) clause in credit agreements could allow them to pushback on borrowers. -
Fed unveils IG bond buying programme and direct lending plans
5 years ago
The US Federal Reserve has unveiled further measures to support the US economy alongside plans to establish a direct lending initiative - Main Street Business Lending Programme – to support lending to small-and-medium sized businesses -
Raymond James scores first arranging credit with Deerpath CLO
5 years ago
Deerpath Capital Management has priced its second CLO backed by loans to middle market companies as Raymond James scored its first CLO arranging credit as co-placement agent -
BDCs tap bond market to improve funding mix
5 years ago
A plethora of business development companies have turned to the institutional bond market to refinance their debt. -
Mid market CLO league tables: Sumitomo enters the ring
5 years ago
Golub Capital became the first middle market CLO manager to price two deals in 2020 after partnering with first time lead arranger, Sumitomo Mitsui Banking Corporation Nikko in February -
EIB buys mezzanine tranche in Commerzbank SRT
5 years ago
Commerzbank has launched a €1.5 billion significant risk transfer with the European Investment Bank (EIB) announcing that it has invested in the mezzanine tranche of the securitisation -
European unitranche deal flow increased 11% last year, finds GCA
5 years ago
European direct lending unitranche deals completed in 2019 increased by 11%, according to GCA Altum's Q4 2019 MidCap Monitor, marking a record year for the industry -
Audax prices first mid market CLO of the year
5 years ago
Audax Private Debt has priced its third CLO in a deal arranged by Wells Fargo, which so far has a monopoly as arranger for the private debt manager. -
Points up front: “Thanks for the loan.” “What loan?”
5 years ago
Direct lending sounds simple enough; borrowers have direct engagement with a small set of lenders and negotiate a private agreement for the long-haul. Sounds easy enough, except when the lender claims to have no idea about the deal you’ve just announced. -
Golub and Wells Fargo open 2020 CLO primary market
5 years ago
Golub Capital Partners has priced the first transaction in the CLO market this year -
Global mid market CLO league tables: Golub and Natixis lead by a distance
5 years ago
Golub Capital and Natixis dominated the mid market CLO space in 2019 in the manager and arranger league tables, respectively -
Mid market deal flow picks up as Antares prices $400 million CLO
5 years ago
Middle market CLO formation has picked up with Antares Capital pricing a $400.8 million yesterday to mark the ninth transaction since the start of November -
European Direct Lending Perspectives: fundraising records shatter
5 years ago
Fundraising in European direct lending hit €32.2 billion in September to mark a record-breaking year for the industry, according to the latest version of European Direct Lending Perspectives
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