CDOs/CLOs

GoldenTree Asset Management appears to have added a €59 million subordinated class to a European collateralized loan obligation it is marketing.

Horizon Technology Finance Corp., a specialty finance company, has issued $90 million of notes backed by secured loans to technology and healthcare start-ups.

Delayed draw features, which allow CLO managers to avoid paying noteholders until deals are invested, have gained momentum.

A policy fight is threatening the recovery of collateralized loan obligations [CLOs] in Europe.

Delayed draw features, which allow CLO managers to avoid paying noteholders until deals are invested, have gained momentum.

The Carlyle Group issued a $461.5 million collateralized loan obligation dubbed Carlyle Global Market Strategies 2013-3, according to a Standard & Poor’s presale report.

Trimaran Advisors, a wholly-owned subsidy of KCAP Financial, is planning a $426.3 million collateralized loan obligation called Catamaran CLO 2013-1.

LCM Asset Management priced a $418 million collateralized loan obligation, bringing issuance for the year to $40.6 billion.

Prudential Investment Management is planning a $379 million collateralized loan obligation of floating-rate notes, according to a pre-sale from Standard & Poor's.

Analysts at Barclays forecast a total of €46 billion ($61 billion) in publicly-placed securitization issuance for 2013, according to their mid-year outlook.