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U.S. companies including Hilton and Avis are so anxious to lock in low borrowing costs now, before inflation fears push yields even higher or close the market altogether, that they’re paying millions of dollars in penalties to refinance debt early.
March 24 -
A PIMCO-sponsored HELOC securitzation, as well as a mortgage-insurance linked transaction, are the latest examples of issuers getting a head start on switching to an expected replacement benchmark for Libor.
March 22 -
Deals, trends and research in structured finance and asset-backed securities for the week of March 12-18
March 18 -
The strong showing has prompted managers to bring new deals at favorable terms and refinance and reset existing bonds at cheaper costs, leading market observers to predict a record year for refinancings.
March 15 -
CLO new-issue month-to-date volume is at $8.9 billion, keeping pace with a record $15.8 billion total from February
March 15 -
Deals, trends and research in structured finance and asset-backed securities for the week of March 5-11
March 12 -
Firms targeted include Brigade Capital Management, HPS Investment Partners, Symphony Asset Management and Bardin Hill Investment Partners, which all have a CLO business that repackages leveraged loans into bonds of differing risks, sources said.
March 12 -
Firms targeted include Brigade Capital Management, HPS Investment Partners and Symphony Asset Management, according to sources.
March 10 -
The Athene acquisition completes a process that Rowan – who succeeds Black as CEO no later than July – started in 2009, when he created the annuity business so that it would send vast sums of cash to Apollo for investments
March 8 -
Deals, trends and research in structured finance and asset-backed securities for the week of Feb. 26-March 4
March 5