Edition:
United States

Kristen Haunss

CLO issuance rises slightly in second quarter amid loan downgrades

Jul 13 2020

NEW YORK (LPC) - Issuance of US Collateralized Loan Obligations (CLOs) rose slightly in the second quarter amid downgrades to the funds' loan holdings caused by the coronavirus pandemic, putting pressure on the market.

CLOs seek to tie assets to loan index after missing out on Covid selloff

Jun 26 2020

NEW YORK, June 26 (LPC) - US Collateralized Loan Obligation (CLO) managers are pushing to buy loans at increasingly reduced prices after being boxed out of distressed opportunities as the coronavirus pandemic took hold.

MOVES- Deutsche Bank hires DeSplinter to head US index and single-name CDS trading

Jun 15 2020

NEW YORK, June 15 (LPC) - - Deutsche Bank has hired Mark DeSplinter as head of US index and single-name credit default swap (CDS) trading.

UPDATE 1-MOVES-Apollo Global Management hires Joshi for distressed

Jun 15 2020

NEW YORK, June 15 (LPC) - Apollo Global Management has hired Rina Joshi as a managing director for its global corporate credit team focused on distressed investments, according to a source familiar with the hire.

MOVES- Apollo Global Management hires Joshi for distressed

Jun 15 2020

NEW YORK, June 15 (LPC) - Apollo Global Management has hired Rina Joshi as a managing director for its global corporate credit team focused on distressed investments, according to a source familiar with the hire.

Fixed-rate CLO tranches seek to attract investors as market reopens

Jun 12 2020

NEW YORK, June 12 (LPC) - US Collateralized Loan Obligation (CLO) managers are adding fixed-rate tranches to attract investors after issuance fell more than 50% amid the coronavirus pandemic.

MOVES- Onex hires Jaber as structured products head for credit business build

May 29 2020

NEW YORK, May 29 (LPC) - Onex Credit has hired Ronnie Jaber as head of structured products, part of a buildout of its platform amid market volatility caused by the coronavirus pandemic.

Private equity requests for flexibility may backfire during pandemic

May 28 2020

NEW YORK, May 28 (LPC) - The unprecedented coronavirus crisis may have become a headache for private equity sponsors that have pushed for loose lending terms to finance leveraged buyouts as they saddled their portfolio companies with debt.

Banks seek to limit revolver usage as companies race for cash

Apr 30 2020

NEW YORK, April 30 (LPC) - Banks are seeking to limit companies from accessing credit lines as the global pandemic continues to weigh on balance sheets.

European new issue CLO market seeks to reopen

Apr 27 2020

LONDON/NEW YORK, April 27 (LPC) - The new issue European Collateralized Loan Obligation market, paralysed since early March amid the coronavirus pandemic, is looking to revive with new funds aiming to price as soon as this week, according to sources.

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