CDOs

News

OFS Capital, GSO/Blackstone Ready Combined $1B of CLOs

OFS Capital Management and GSO/Blackstone Debt Funds Management are in the market with collateralized loan obligations, adding nearly $1.1 billion to the new issue pipeline.

Carlyle, MJX Add $1.4B to CLO Pipeline

Carlyle Investment Management and MJX Asset Management have added a total of $1.4 billion to the CLO pipeline, according to presale reports from Fitch Ratings.

Silvermine Capital to Issue $400M CLO

A $258 million class A-1 tranche with a preliminary ‘AAA’ ratings from Fitch is marketed at three-month Libor plus 153 basis points.

Ares Management to Issue $1.26B CLO

Ares Management is readying a $1.26 billion collateralized loan obligation, according to presale reports published by Fitch Ratings and Standard & Poor’s.

Moody’s: CLO 2.0s Ramp Up Second-Lien Holdings

Managers of CLOs minted since the financial crisis are quickly increasing second-lien loan holdings to replace their shrinking bond exposure; Moody's sees no credit impact.

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Articles

CLO Triple-As Still Calling the Shots

The limited number of buyers able to write big tickets allows them players to dictate terms.

No Exception to Risk Retention for CLOs

Risk-retention rules could thin the ranks of CLO managers; the industry was hoping for a workaround, but what it got is pretty much unworkable.

Risk Retention Rules May Shrink U.S. CLO Market

The U.S. market for collateralized loan obligations would shrink by 75% if proposed risk-retention rules are implemented, according to the Loan Syndication and Trading Association.

People on the Move

DFG Taps Goldman Vet, Barclays Bulks Up on CMBS, Ares Adds Jeffrey Kramer and the ASF Retains Mike Williams as Policy Adviser

CLO Managers Grapple with S&P Recovery Test

A shift in the leveraged loan market has intensified grumbling among CLO managers about the way Standard & Poor’s rates the senior tranches of these deals.

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Current Issue

Single-Asset, Single-Loan CMBS is Back

Securitization of very large commercial mortgages is picking up again, and so is the leverage in some of these deals.

Current Issue