CDOs/CLOs

NXT Capital, a midldle market lender and CLO manager, has expanded its direct originations team by hiring Doug Vitek, John Mills and Daniel Green.

A number (11) of European CLOs issued before the financial crisis are ripe for redemption, and this could free up loans to be used as collateral in new deals, according to Moody’s Investors Service.

The Carlyle Group said today it has closed a $415 million collateralized loan obligation, its sixth CLO of 2013.

So far this year, securitization of loans to small and medium-sized companies totals $4.9 billion, according to Wells Fargo.

New York Life Investment Management is preparing to issue a $409 million collateralized loan obligation called Flatiron CLO 2013-1, according to a presale report from Fitch Ratings.

The Loan Syndications and Trading Association is asking regulator to recognize a category of higher quality leveraged loans that would not be subject to proposed risk retention rules.

In the third quarter, seven of the 15 top-performing “legacy” CLOs rated by Moody's Investor Service were managed by Credit Suisse Asset Management.

The final scope of regulations governing securitization in Europe will shape the future of the industry, according to a report released today by Standard & Poor’s.

European collateralized loan obligations are deleveraging more rapidly than might be expected after their reinvestment period ends, according to Fitch Ratings.