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More than 90% of the loans were underwritten without full documentation, raising default probability.
December 10 -
Top retail-mall owner Taubman has approached the market with a $1 billion CMBS deal to refinance the existing debt that is collateralized by one of the highest volume shopping centers in the U.S.
December 6 -
Amid challenging times for loans in CLOs, Sculptor Capital Management sees refi and reset surge likely to continue well into 2025.
December 2 -
Lender to consumers denied traditional credit raises $250 million after skipping 2023.
November 14 -
Acquisition-financing securitization takes hold while AI and escalating data centers drive energy deals.
November 5 -
FS grew its CLO business and now manages four CLOs totaling $1.4 billion. The manager's risk-averse growth avoids complications that are still unfolding liability management exercises.
October 1 -
As corporate treasurers use the debt reorganization technique to head off disruptive defaults and bankruptcies, lenders seek more blockers and cooperation agreements to mitigate risks.
September 6 -
Observers and investors weigh in on how rate cuts may shift pricing dynamics for CLO tranches.
August 30 -
RTLs are generally short-term, interest-only bridge loans extended to real-estate investors, while the ABS deals provide investors with a premium and less prepayment risk.
July 19 -
Electronification of trading could fundamentally alter loan and CLO markets.
July 8
