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OC health check: second European 2.0 CLO reports junior OC breach
5 years ago
33 deals reported overcollateralisation (OC) breaches last week in a relatively quiet reporting period. 314 deals are now reporting OC breaches as of the latest report, according to CLO-i. -
Rapid CLO M&A activity on the horizon as fee deferrals pick up
5 years ago
A flurry of M&A deals could soon sweep the CLO market as management fee deferrals become an increasing pressure point for small CLO managers -
$350 million of CLO collateral drips into default as oil companies file for Chapter 11
5 years ago
CLOs hold $353 million worth of debt of two oil and gas companies - Ultra Petroleum and Gavilan Resources - which have become the latest casulties of the precipituous decline in oil prices. The pair filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas on Thursday and Saturday, respectively -
S&P adds to CLO negative watch list as loan downgrades pick up
5 years ago
Standard & Poor’s has added to the list of tranches in CLOs it has on negative watch as coronavirus concerns mount. This follows the rating agency last week highlighting 22 tranches across 15 US CLOs for having big exposure to downgraded corporate borrowers across impacted industry sectors -
Deluxe decline leaves CLOs feeling deflated
Deluxe looked decent: trading in the 90s for much of this year, with 60% of its term loan sitting in CLO portfolios. But its rapid descent underlines the dangers posed by idiosyncratic events5 years ago -
US CLO league tables: Octagon retakes US lead, but CSAM still on top globally
5 years ago
Octagon Credit Investors priced Octagon 45 via Goldman Sachs to overtake CSAM by just $33.3 million in overall US issuance, but CSAM still leads the way in new US CLO and global CLO issuance -
Sculptor prices second CLO refi since rebranding
5 years ago
Sculptor Loan Management on Friday priced a $522m75 million CLO refinancing via Barclays, marking its third transaction, and second refi, since rebranding from Och Ziff Loan Management -
Capital structure emerges for forthcoming debut CBO from Sculptor
5 years ago
Sculptor Capital Management is set to join the ranks of the world’s CBO managers, according to market sources -
CLO pipeline: Sculptor begins to mould its first CBO
5 years ago
Silence! Artist at work: Sculptor has got its apron on and is shaping up to launch its first CBO -
AB launches US CLO business after hiring from Sculptor
5 years ago
AB is building on its middle market CLO business by launching a broadly syndicated loan CLO platform, according to a company announcement. AB's majority owner, Axa Equitable, will fund the new product offering, according to AB, which presumably means that it will invest in the equity of forthcoming AB CLOs -
Deluxe bankruptcy causes picture to blur for CLOs
5 years ago
CLO managers hold $598 million of the video services company’s term loan, according to the latest trustee reports from CLO-i -
Och-Ziff makes CLO market debut as Sculptor
5 years ago
Sculptor Loan Management, formerly known as Och-Ziff Capital Management, has priced its first CLO transaction since rebranding earlier this year -
One day, two investors, three CLO controlling stakes in secondary
5 years ago
Two investors are inviting bids for anchor positions they hold in three CLOs. -
Och-Ziff splits triple Bs as it prices US CLO
5 years ago
Och-Ziff teamed up with BNP Paribas on Friday to price a new issue CLO named OZLM XXIV, its third CLO transaction of the year -
CLO pipeline: there's no drought here as market is doused with deals
5 years ago
Deal-makers have been taking in their H2O with little sign of summer slowdown in the CLO market as the pipeline approaches full force -
Och-Ziff partners with Morgan Stanley for first time in Europe on upcoming CLO
6 years ago
Och Ziff Loan Management is marketing a new issue European CLO named OZLME VI -
Control equity in two US CLOs changes hands in secondary market
6 years ago
Control equity in three US CLOs was up for sale yesterday at 10am New York time, according to market sources -
Och-Ziff prices first new US CLO in 12 months
6 years ago
Och Ziff has returned to the US CLO market with its $505.4 million OZLM XXIII via Morgan StanleyHot market welcomes back old hands -
Och-Ziff targets second deal in one week with new European CLO
6 years ago
Och-Ziff Loan Management is targeting a sub-100 basis point print as it markets a new issue European CLO named OZLME Funding V -
Och-Ziff adds junior triple As and single Bs to 2014 CLO following reset
6 years ago
Och-Ziff Loan Management teamed up with Bank of America Merrill Lynch yesterday to reset a 2014 CLO named OZLM Funding IX -
Control equity up for grabs in two 2015 CLOs this Wednesday
6 years ago
Control equity in two 2015 CLOs is up for auction at 9.30am New York time this Wednesday -
Och-Ziff prices $916.93 million in US CLO refi paper across two deals
6 years ago
Och-Ziff prices two CLO refinancing transactions via Barclays -
Och-Ziff revives 2012 CLO for a second time following reset
6 years ago
Och-Ziff has reset its 2012 vintage CLO, OZLM Funding II, for a second time, extending the reinvestment period until July 2023 -
Och-Ziff prices short-dated CLO reset with three year reinvestment period
6 years ago
Och-Ziff Loan Management has reworked a 2014 CLO for a second time -
CLO b-wic line-up: Fidelity's senior notes go on sale for a second time in nine days
7 years ago
Triple As dominate the secondary CLO market today with $46.3 million worth of notes going up for sale.
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