TITLE

A CLO Rebirth?

AUTHOR(S)
MacFadyen, Ken
PUB. DATE
April 2010
SOURCE
Mergers & Acquisitions Report;4/5/2010, Vol. 23 Issue 14, p27
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article deals with the failure of the senior loan market to establish any kind of meaningful and sustained momentum in 2010. One marketwarcher claims that nobody can figure out the leverage component in the market. It notes the difficulty of launching a non-bank lender in the mold of CapitalSource or Antares to fill a gap in the middle market. It points out that several deal pros believe that the collateralized loan obligation (CLO) market is the key to senior debt. Theodore Koenig of Monroe Capital notes the misconception surrounding the CLO market.
ACCESSION #
49021033

 

Related Articles

  • A CLO Rebirth? MacFadyen, Ken // Mergers & Acquisitions: The Dealermaker's Journal;Apr2010, Vol. 45 Issue 4, p36 

    The article focuses on the possibility of re-birth of the collateralized loan obligations (CLOs) market. Despite several attempts, the senior loan is still not able to gain any significant momentum, however many industry experts believe that the re-birth of CLO market may help in revival of...

  • Week in CDOs: reality is not perception in deal pricing. Graubard, David // Asset Securitization Report;10/21/2002, Vol. 2 Issue 41, p8 

    Discusses the stance of the capital market on deal pricing in the U.S. Basis in deal pricing; Credit ratings of dealers having win the biddings; Focus of issuer Capital Source in providing senior and mezzanine loans to companies.

  • Investors Balk At Lack Of Collateral Protection. C., C. J. // High Yield Report;2/25/2008, Vol. 19 Issue 8, p4 

    The article reports on the lack of collateral protection for investors. According to reports, attractive offers may not be enough to draw traditional investors back to the leveraged loan market in droves. With investors more discriminating than ever, deals do not offer term loan B lenders...

  • Investors Balk At Lack Of Collateral Protection. C., C. J. // High Yield Report;2/25/2008, Vol. 19 Issue 8, p4 

    The article reports on the lack of collateral protection for investors. According to reports, attractive offers may not be enough to draw traditional investors back to the leveraged loan market in droves. With investors more discriminating than ever, deals do not offer term loan B lenders...

  • Giddy CLO Market May Need to Pace Itself. C. J. C. // Leveraged Finance News;2/13/2012, Vol. 2 Issue 7, p1 

    The article reports on the skip of the collateralized loan obligations (CLO) market in the U.S. from guarded optimism, which is encouraged by improved economic news and new deals. According to CLO strategists at Citigroup Inc., the issuance will be lower than estimated in a scenario where macro...

  • Pending Loan Maturities May Spur Primary CLO Issuance. Nugent, Elizabeth // Bank Loan Report;10/4/2010, Vol. 25 Issue 38, p9 

    The article focuses on the looming gap between the supply and demand of leveraged loans in the U.S. Fitch Ratings Ltd. foresees that refinancing cliff will be less dramatic in 2014-2015 since the market will continue to adapt the mismatches with the emergence of investment products and market...

  • Collateralised Loan Obligations (CLOs) - A Primer: INTRODUCTION. Jobst, Andreas // Securitization Conduit;2003, Vol. 6 Issue 1-4, p7 

    The following descriptive paper surveys the various types of asset-backed securitisation (ABS) and provides a working definition of so-called collateralised loan obligations (CLOs), which allow issuers to sell large portfolios of commercial loans and their attendant credit risk directly to...

  • Future widening seen in European CLOs. Colomer-Gaffney, Nora // Asset Securitization Report;8/22/2005, Vol. 5 Issue 33, p16 

    Reports on the performance of collateralized loan obligations spread in Europe. Likelihood for the spread to reach a plateau; Projections on the number of loan transactions expected to come to the market for 2005 from established European loan managers; Decrease in the underlying credit quality...

  • Covenant-lite loans hit Europe, but will they stick?  // Asset Securitization Report;5/7/2007, Vol. 7 Issue 18, p18 

    The author reflects on the covenant-lite loans in Europe. He believes that the emergence of covenant-lite loans is a consequence of institutional funds, hedge funds and collateralized loan obligation to invest in leveraged loans. Senior director of leveraged finance Michelle De Angelis of Fitch...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics