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News Stories (12 Results) - CLO

The continued deterioration in credit quality of issuers due to the coronavirus pandemic resulted in a large number of U.S. middle market (MM) CLOs failing a variety of tests for the first time in 2Q20, according to Fitch Ratings' latest U.S. MM CLO... Read Story
August 04, 2020, 08:55 AM

Leveraged loan issuance jumped in February despite continued pull back in the asset class from retail loan funds, ongoing negative press coverage and questions around further Fed rate hikes in 2019, according to the latest data from Thomson Reuters... Read Story
March 11, 2019, 08:34 AM

Monroe Capital LLC  announced the closing of a $455.75 million term debt securitization known as Monroe Capital MML CLO VII, LTD. The term financing was Monroe’s third CLO completed in the last 13 months and is secured by a portfolio of middle market... Read Story
November 20, 2018, 07:14 AM

Leveraged lending was higher in May, taking year to date volume past the $500 billion mark, according to the latest data from Thomson Reuters. Volume was driven by a jump in institutional activity, which accounts for 69% of issuance this year.... Read Story
June 13, 2018, 08:01 AM

Global alternative asset manager The Carlyle Group  announced it has raised more than $800 million for the Carlyle Structured Credit Fund (CSC). The fund will invest in Collateralized Loan Obligations (CLOs) backed by U.S. and European senior secured... Read Story
January 04, 2018, 07:20 AM

U.S. syndicated loan issuance broke $2.5 trillion in 2017 for the first time, beating 2013’s $2.14 trillion record, Thomson Reuters LPC reports. The surge in new lending was driven by refinancing volume of $1.7 trillion. Refinancings made up 68% of U... Read Story
January 03, 2018, 08:00 AM

With three-quarters of all new loans considered "covenant-lite," lenders are now eyeing deals that include too many additional protections with suspicion, according to a report from Bloomberg. The report notes that lenders are favoring lenient terms... Read Story
September 25, 2017, 07:42 AM

Natixis Securities Americas LLC announced the closing of a $505 million broadly syndicated collateralized loan obligation (CLO) for Pacific Asset Management, a wholly-owned subsidiary of Pacific Life Insurance company. This marks Pacific Asset... Read Story
August 01, 2017, 07:11 AM

Business Development Companies (BDCs) that rely on Collateralized Loan Obligations (CLO) as a part of their funding strategies are asking the federal government to reconcile conflicting legal guidelines that they argue place unrealistic, competing... Read Story
July 21, 2017, 08:18 AM

Fifth Street Asset Management Inc. announced that it has agreed to sell Fifth Street CLO Management LLC, a wholly-owned subsidiary of Fifth Street Holdings L.P., to NewStar Financial, Inc.  FSAM intends to use the proceeds from this transaction to... Read Story
July 07, 2017, 07:38 AM

Faced with an intensely competitive environment characterized by tightening spreads and demand for covenant-lite loans, private debt investors in the middle market have been confronting a deluge of institutional capital that is putting pressure on... Read Story
June 09, 2017, 07:50 AM

Antares Capital Advisers LLC, a subsidiary of Antares Capital LP announced the closing of Antares CLO 2017-1, LTD., a $2.1 billion collateralized loan obligation (CLO). The CLO represents the largest CLO issued in the U.S. since 2006, and the third... Read Story
May 19, 2017, 07:50 AM