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ALM 2020 includes a $1.375 billion Class A1 series of notes that have a three-month Libor spread of 108 basis points, well within the average primary AAA spread of 133 basis points over Libor.
March 1 -
A leading law firm in The Netherlands is mulling an appeal against the Dutch authorities’ decision to charge VAT on the management fees of collateralized loan obligations.
February 26 -
LibreMax Capital is launching its first ESG-compliant deal through its CLO firm Trimaran Advisors LLC.
February 20 - asr daily lead
A proposed change could resurrect bond buckets, but loan industry observers also point to "covered fund" changes shielding loans from a potentially disruptive court decision.
February 18 -
CBAM Partners co-founder Don Young retells the firm's fast rise into one of the larger CLO managers, and discusses the state of the market.
February 12 -
Regulators are alarmed about banks' rising exposure to high-risk corporate credits and want more data on how they would perform in a recession.
February 11 -
Impact investing has long centered on environmental and social purpose, but governance could make huge strides as an ESG consideration in 2020.
January 20 -
The BSL CLO will have two-year noncall and five-year reinvestment periods, and brings Seix' total CLO AUM to $3.8 billion.
January 6 -
Rising leverage levels and prevalence of cov-lite loans raise concerns despite ongoing macroeconomic growth signs.
January 2 -
The company asserted in the statement that S&P’s action was driven more by the distressed trading levels of Serta’s loans in the secondary market rather than the company’s “financially solvent” status.
December 30