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Crestline Denali Capital is preparing its first collateralized loan obligation offering since it was formed by the merger of two long-time CLO managers last fall.
February 17 - Europe
The second European collateralized loan obligation of the year is the first ever by U.S. money manager BlackRock.
February 12 -
A last-ditch lawsuit to shield collateralized loan obligations from risk retention reaches oral argument phase on Friday.
February 9
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CLO manager CreekSource has priced its latest offering at wider-than-average spreads as it targets primarily first-lien senior secured loans with better-than-average speculative-grade ratings quality.
February 5 - Europe
Issuance of U.S. collateralized loan obligtions is off to a slow start, with just two deals pricing in January; a single European deal priced.
January 29 -
Add Southcross Energy Partners, Seventy Seven Energy, Verso Corp., and Paragon Offshore to the list of credits held by collateralized loan obligation that appear to be headed for default.
January 22 -
As investors continue to unload loans to risky companies, pushing prices into distressed territory, those still holding these investments are increasingly looking the other way.
January 22 -
Babson Capital is the first CLO manager to brave market volatility at the start of the year with a new deal.
January 13 -
CLO managers are increasingly looking to non-traditional loan facilities to finance the economic interest in the credit risk that they must hold in their deals under the impending U.S. risk retention rules.
January 11
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Raising capital has been tough for community banks ever since the financial crisis, especially the smallest ones. But a few investment firms have developed structured products that offer community banks a chance to band together to raise needed Tier 1 capital at relatively low cost.
January 4
