Bloomberg | Brief » Leveraged Finance

Dealers Absorb Junk Bonds as ETF Demand Drops

jcrombie8 — Fri, 24 May 2013 15:58:02 +0000

Wall Street banks are expanding holdings of speculative-grade bonds as prices fall from record highs with investors retreating from ETFs. Click Here For More

Cantor Fitzgerald Hires 4 to Boost CLO Business

jcrombie8 — Thu, 16 May 2013 15:48:04 +0000

Cantor Fitzgerald is expanding its CLO and structured finance team with four hires in New York
and London as issuance soars. Florian Bita joins in New York . . .

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ResCap Probe of Ally May Alter Creditor Talks

Bloomberg Brief — Mon, 13 May 2013 17:57:12 +0000

An investigative report on Ally Financial Inc.’s relationship with its bankrupt mortgage arm, Residential Capital LLC, may affect settlement talks between the companies and creditors who blame Ally for $25 billion in potential claims.

The court-ordered report, due today, will examine allegations that Ally exerted so much influence over ResCap that the auto lender can be forced to pay its unit’s unsecured debts.

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Loan Trading Hits Two-Year High

jcrombie8 — Fri, 26 Apr 2013 18:36:38 +0000

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Sears at Risk With Lampert at Helm: Gimme Credit

jcrombie8 — Mon, 22 Apr 2013 19:52:46 +0000

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FDIC Rule Changes Slow CLO Spread Compression

jcrombie8 — Fri, 12 Apr 2013 14:23:25 +0000

The introduction of new FDIC regulations has slowed the tightening of spreads on Triple A rated tranches of U.S. CLOs backed by widely syndicated loans. Once investors digest the changes and recent supply is absorbed, the market may tighten to its lowest since 2008.

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U.S. Leveraged Loan Underwriter Ranking

jcrombie8 — Thu, 14 Mar 2013 15:00:05 +0000

CLO Spreads at Record Lows Fuel Leveraged Loans

jcrombie8 — Thu, 14 Mar 2013 14:46:13 +0000

CLO s paying the lowest rates in five years are being snapped up by investors, providing the fuel that’s contributing to the biggest surge in corporate buyouts since before the financial crisis.

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KKR May Extend Energy Future’s Agony for Edge

arozens — Thu, 28 Feb 2013 20:21:21 +0000

The deteriorating finances of the largest leveraged buyout in history is exposing the increasingly diverging interests of its private-equity owners led by KKR & C0. and TPG Capital and the secured lenders who helped finance the $48 billion deal in 2007.

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CLO Investors Fret Over Quality

jcrombie8 — Mon, 25 Feb 2013 19:37:21 +0000

Issuance of CLO s in the U.S. this year could reach $75 billion to $100 billion, rivaling the $91.1 billion record-high set in 2007, according to asset managers and arrangers who spoke at Bloomberg Brief’s CLO Webinar.

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