Leveraged Finance >>>

    CLO Spreads at Record Lows Fuel Leveraged Loans

    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. CLICK HERE FOR MORE

    KKR May Extend Energy Future’s Agony for Edge

      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. Click here to continue reading

    CLO Investors Fret Over Quality

    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. Click Here for More

    Listen to our CLO Podcast here

    This podcast was recorded at 2pm EST on Feb 21. Click here to listen

    Air Lease to Issue $500 Mln-$1 Bln Bonds Annually

    Air Lease expects to issue $500 million to $1 billion of new debt annually to help pay for the almost $1.5 billion a year in aircraft acquisition commitments it has scheduled. It will mainly target unsecured fixed-rate debt. Click here to read more

    BlackRock Joins PNC in Seeing Value in CLOs

      BlackRock and PNC Financial Services view CLOs as offering some of the best value in the credit markets after securitized debt rallied last year. Click here to continue reading.

    Investors Seek Longer Maturities to Boost Yields

    Banks are selling more longer-dated structured notes as investors accept greater risks in a bid to boost returns that have been hurt by interest rates close to zero and declining funding costs for lenders. Click here to continue reading.

    MGM May Refinance Nearby Maturities: D’Arrigo

    MGM Resorts International, the casino operator that issued expensive debt during the 2009 fiscal crisis to stave off bankruptcy, may look to refinance about $1.1 billion in bonds due in 2013 and 2014, said MGM CFO and treasurer Dan D’Arrigo. MGM wants to eventually reduce its debt to five times earnings. The ratio was 6.79 times on Dec. 31, according [...]

    Dealers Take Biggest Year-End Gamble Since 2006

    Wall Street’s largest banks boosted their corporate bond inventories last month in the biggest year-end increase in six years, positioning themselves for mounting demand at the start of 2013. Click here to continue reading.

    Leveraged Finance 2012 Review & 2013 Outlook

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