CDOs/CLOs

Palmer Square engaged bankers who have been fielding offers and whittling down a list of potential bidders.

Jones will lead the firm's asset-backed securities (ABS) and collateralized loan obligation (CLO) capital markets efforts, while Rheault will be head of the business' syndicate business.

Suna is the second structured finance partner to join Hogan Lovells Cadwalader in the last month.

Shareholders of XAI Floating Rate & Alternative Income should not support Octagon's removal as the fund's sub-adviser, Egan-Jones said, citing limited benefits to shareholders.

Octagon Credit Investors is sending letters to shareholders urging them to resist efforts to have it removed as the day-to-day manager for the XAI Floating Rate & Alternative Income Trust, a CLO closed-end fund.

First-loss risk prompts Ellington's migration to the mezzanine level, although some secondary-market equity gets thumbs up.

Nearwater Capital alums join competitors to service the financing industry niche, which will include CLOs sold to European investors.

All the loans are interest-only during both their initial and extension terms, but third-party secured overnight financing rate (SOFR) cap agreements provide interest rate protection.

The construction and building sector raises the most concern, but issues should remain manageable.