CDOs

The LSTA is lobbying the Trump administration to eliminate or modify risk-retention rules on CLOs, preferably through the quickest route possible: the SEC's rule enforcement authority.

CLO managers are wording the language of amendments used to refinance deals so as to be able to benefit if risk retention rules repealed.

Refinancing activity dominated the CLO market again in March, as some 50 deals totaling $20.5 billion repriced their securities.

The Office of the Comptroller of the Currency issued the directive following an interim examination.

Pine Brook, a private equity firm that specializes in financial services and energy sectors, has agreed to acquire Triumph Capital from Dallas-based Triumph Bancorp.

CLOs have significantly reduced their exposure to Ocean Rig, the offshore drilling contractor that announced a restructuring agreement Tuesday, according to Wells Fargo Securities.

Investcorp Credit Management EU is debuting its first European CLO since announcing its acquisition of the debt management business from 3I Group last October.

Competition for leveraged loans is tough, and that’s forcing some of the biggest buyers to tap new sources of financing.

The LSTA pointed to recent research reports noting that outsized exposure to certain troubled retail apparel and department stores has expanded for collateralized loan obligations.

Global distressed debt fund manager King Street Capital Management is issuing its first collateralized debt obligation ever.