Distress caused by LMEs triggers headache for recovery calculators
The growth of LMEs are triggering questions about how the US leveraged loan and CLO markets should record the outcomes of restructurings with multiple outcomes

Belron’s record dividend deal opens path for more loan issuance
Leveraged loan investors have a message for private equity firms struggling to sell their portfolio companies and distribute cash to their LPs: try us for a dividend

Shenkman sees opportunity in ‘volatile, liquid bond market’ as it launches CBO
CBO issuance has been sporadic, but Shenkman, a long-time specialist in the market, believes that should change — and at the end of July priced Romark Credit Funding III

Octaura launches new protocol for CLO liquidations
Electronic loan trading platform Octaura has released a new set of processes to streamline loan BWICs and OWICs

Blackstone’s head of liquid credit Rob Zable set to leave firm
One of the biggest names in the CLO world is making a change, with Rob Zable leaving Blackstone by the end of the year