CDOs/CLOs

Loan extensions create risks for investors in older European collateralized loan obligations.

Blackstone/GSO Debt Funds is marketing a €403.55 million collateralized loan obligation, the region's third since the financial crisis.

Cantor Fitzgerald said today it has added four structured credit professionals and is planning expand the business to underwrite new collateralized loan obligations in the U.S. and Europe.

Ratings rotation was advocated by some panelists at a talk a convened by the Securities and Exchange Commission on a credit rating assignment system as envisaged by Section 939F of the Dodd-Frank Act, also known as the Franken Amendment.

A range of voices in the structured finance industry spoke against a credit rating assignment system as envisaged by Section 939F of the Dodd-Frank Act at a panel convened by the Securities and Exchange Commission.

The revival of Europe’s collateralized loan obligation market doesn’t extend to middle market loans, according to Fitch Ratings.

Markit, the global financial information services company, has launched a new service for the pricing of collateralized loan obligation tranches.

The first three European CLOs to price since the financial crisis were structured to ease investor worries, and their successively tighter spreads suggest that’s happening, boding well for future deals as they adapt to the current market’s demands.

A collective sigh must have fallen across weathered European collateralized loan obligation (CLO) managers when news emerged about H.J. Heinz Co.’s decision to forgo selling a European portion of its $12 billion LBO financing in mid-March.