CDOs/CLOs

Bond insurer Ambac Financial has pushed back the voting deadline on a reorganization plan and a plan confirmation hearing.

Alternative investment manager the Carlyle Group is expanding its lending business with the acquisition of Churchill Financial, a provider of debt financing to middle market companies.

CIFC Corp. is planning to roll out a new CLO, possibly by the end of the year, and is also looking to sell or call an existing CLO, the asset management company disclosed in a regulatory filing late Monday.

The CREL CDO delinquencies rose to 12.5% in October from 12% the prior month, according to the latest Fitch Ratings index.

MBIA presented a brighter picture of its future on Thursday.

With CLO issuance on the rise, it’s easy to forget that there are a number of regulatory threats to this important source of liquidity for corporate loans.

The RMBS and related CDO sectors lead the pack in both realized and expected future credit losses from U.S. structured finance issuances, according to Fitch Ratings.

Bank of America Merrill Lynch is forecasting CLO issuance for 2012 of $15 billion, only marginally higher than the level it anticipates for the current year.

U.S. alternative asset manager Black Diamond Capital Management has acquired GSC Group’s London team, a player in the European CLO market, the company said in a release.

Bank of America Merrill Lynch has priced a $405 million CLO for Sankaty Advisors, according to Bloomberg.