CLO

CareSource Names Edward Stubbers Chief Legal Officer

Retrieved on: 
火曜日, 6月 4, 2024
Stubbers, CareSource, CLO, Ethics, Corporate lawyer, University, Growth, Senior, American Health Law Association

DAYTON, Ohio, June 04, 2024 (GLOBE NEWSWIRE) -- CareSource announced today the appointment of Edward Stubbers, J.D., to Chief Legal Officer (CLO) effective June 1, 2024.

Key Points: 
  • DAYTON, Ohio, June 04, 2024 (GLOBE NEWSWIRE) -- CareSource announced today the appointment of Edward Stubbers, J.D., to Chief Legal Officer (CLO) effective June 1, 2024.
  • Stubbers was previously CareSource’s General Counsel and Senior Vice President of Legal.
  • He will serve on the company’s executive leadership team and report to CareSource President and CEO Erhardt Preitauer.
  • “It’s an honor to contribute to the growth of an organization focused on transforming health care for complex populations,” said Stubbers.

Horizon3.ai Appoints Jill Passalacqua as Chief Legal Officer

Retrieved on: 
水曜日, 6月 12, 2024
Networks, Security, Technology, Artificial Intelligence, Software, Acquisition, Multimedia, JumpCloud, Santa Clara University, CLO, NetApp, Trellix, Risk, Palisades Tahoe, Growth, Craft Ventures, University, VMware, General counsel, Harness, Avi Networks

Horizon3.ai, a leading provider of autonomous security solutions, today announced the appointment of Jill Passalacqua as Chief Legal Officer (CLO), effective immediately.

Key Points: 
  • Horizon3.ai, a leading provider of autonomous security solutions, today announced the appointment of Jill Passalacqua as Chief Legal Officer (CLO), effective immediately.
  • View the full release here: https://www.businesswire.com/news/home/20240612678571/en/
    Horizon3.ai, a leading provider of autonomous security solutions, today announced the appointment of Jill Passalacqua as Chief Legal Officer (CLO).
  • (Photo: Business Wire)
    As Chief Legal Officer, Jill leads Horizon3.ai's legal department, bringing extensive experience in advising prominent public and private technology companies.
  • Before joining Horizon3.ai, Jill was the Chief Legal Officer at JumpCloud, where she played a pivotal role in shaping the company's legal framework.

KBRA Assigns Preliminary Ratings to PK ALIFT Loan Funding 3 LP

Retrieved on: 
水曜日, 6月 12, 2024
Banking, Professional Services, Finance, ABS, Facility, Aircraft, CLO, Note, KBRA, Telescopic sight

KBRA assigns preliminary ratings to four classes of notes issued by PK ALIFT Loan Funding 3 LP (PKAIR 2024-1), an aviation loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to four classes of notes issued by PK ALIFT Loan Funding 3 LP (PKAIR 2024-1), an aviation loan ABS transaction.
  • PKAIR 2024-1 represents the second aviation loan ABS securitization serviced by Apollo PK Air Management (CLO) LP, an affiliate of PK AirFinance (The Company).
  • The Company's principal office is in New York with additional offices in London, Luxembourg, Singapore, Tokyo, and Toulouse.
  • The 27 Facilities are limited recourse (81.2% by loan balance) and full recourse (18.8% by loan balance).

OFS Credit Company Announces Financial Results for the Second Fiscal Quarter 2024

Retrieved on: 
火曜日, 6月 11, 2024
Banking, Professional Services, Finance, Credit, Investment, CLO, NII, NAV, Security (finance)

OFS Credit Company, Inc. (Nasdaq: OCCI) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced its financial results for the fiscal quarter ended April 30, 2024.

Key Points: 
  • OFS Credit Company, Inc. (Nasdaq: OCCI) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced its financial results for the fiscal quarter ended April 30, 2024.
  • Net investment income (“NII”) of $4.5 million, or $0.28 per common share, for the fiscal quarter ended April 30, 2024.
  • This compares to NII of $4.6 million, or $0.29 per common share, for the fiscal quarter ended January 31, 2024.
  • Core net investment income (“Core NII”)1 of $8.4 million, or $0.53 per common share, for the fiscal quarter ended April 30, 2024.

Sycamore Tree Capital Partners Wins Best US Boutique CLO Manager Award

Retrieved on: 
火曜日, 6月 11, 2024
Asset Management, Professional Services, Finance, Risk management, Lisp (programming language), Sycamore, CLO

Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with private and alternative credit investment expertise, announced that it has won the Best US Boutique CLO Manager Award for 2024 from Creditflux, as part of the publisher’s 16th annual global CLO Manager Awards, which recognize noteworthy CLOs, managers and funds in the $1.32 trillion global CLO market*.

Key Points: 
  • Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with private and alternative credit investment expertise, announced that it has won the Best US Boutique CLO Manager Award for 2024 from Creditflux, as part of the publisher’s 16th annual global CLO Manager Awards, which recognize noteworthy CLOs, managers and funds in the $1.32 trillion global CLO market*.
  • The award series, according to Creditflux, is the only one dedicated to the CLO asset management industry that is solely determined by data and metrics.
  • Its methodology for assessing CLOs involves blended outperformance, where the average ranking of each CLO is evaluated relative to its peers by up to 10 performance metrics.
  • On behalf of our entire team, I want to thank our many investors and business partners around the world who contribute to our success,” said Mark Okada, Sycamore Tree co-founder and Chief Executive Officer.

Ellington Credit Declares Monthly Common Dividend

Retrieved on: 
月曜日, 6月 10, 2024
REIT, Finance, Banking, Professional Services, Construction & Property, Annual report, Nature, Trustee, CLO, Government, Property management

Ellington Credit Company (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on July 25, 2024 to shareholders of record as of June 28, 2024.

Key Points: 
  • Ellington Credit Company (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on July 25, 2024 to shareholders of record as of June 28, 2024.
  • This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
  • Examples of forward-looking statements in this press release include statements regarding the Company's payment of dividends.
  • This release and the information contained herein do not constitute an offer of any securities or solicitation of an offer to purchase securities.

Global ABS 2024: Day 1 Recap

Retrieved on: 
水曜日, 6月 5, 2024
Banking, Professional Services, Insurance, Finance, KBRA, ABS, Deutsche Bundesbank, NPL, SRT, CLO, CMBS, Market, Calendar, Cryptocurrency

KBRA releases a Day 1 recap of the 28th annual Global ABS conference.

Key Points: 
  • KBRA releases a Day 1 recap of the 28th annual Global ABS conference.
  • The Global ABS 2024 conference, held in Barcelona on 4-6 June, opened to a record 5,000+ registered attendees, including over 2,000 issuers and investors, as well as a full programme.
  • Further, investors arrived at Global ABS with a promising view of the months ahead, as noted in our updated survey.
  • Day 1 panels featured market updates on asset-backed securities (ABS), collateralised loan obligations (CLO), commercial mortgage-backed securities (CMBS), nonperforming loans (NPL), and more.

XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.085 per Share

Retrieved on: 
月曜日, 6月 3, 2024
Banking, Professional Services, Finance, Capital loss, Form 1099, Investment, Calendar, CLO, Sale, Trust, Life insurance

Shareholders should not assume that the source of a distribution from the Trust is net income or profit.

Key Points: 
  • Shareholders should not assume that the source of a distribution from the Trust is net income or profit.
  • The Trust’s net investment income and capital gain can vary significantly over time; however, the Trust seeks to maintain more stable common share monthly distributions over time.
  • GAAP”), and, as a result, there may be significant differences between the Trust’s GAAP income and its taxable income.
  • The common share distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period.

KBRA Releases Research – CMBS Rating Transitions: 13 Years In

Retrieved on: 
月曜日, 6月 3, 2024
Banking, Professional Services, Insurance, Finance, Public Radio International, Lisp (programming language), KSR, Freddie Mac, CRE, Travel, AAA, KBRA, CLO, Environment, CMBS, Bank

KBRA releases a report that analyzes how its CMBS ratings assigned at issuance have performed from 2011 through April 2024.

Key Points: 
  • KBRA releases a report that analyzes how its CMBS ratings assigned at issuance have performed from 2011 through April 2024.
  • All these factors led to higher levels of negative rating activity over the last four years.
  • In total, KBRA has rated 713 transactions across these transaction types during the study period, assigning a total of 8,416 ratings.
  • Of the 8,416 ratings assigned across 713 transactions rated by KBRA since 2011, most have yet to experience their full rating life cycle.

CVC Credit prices $500m Apidos XLVIII

Retrieved on: 
金曜日, 5月 31, 2024
Finance, Banking, Professional Services, Other Professional Services, Asset Management, CVC, CLO, XLVIII, Credit, Barclays, Financial services

CVC Credit, the $43bn global credit management business of CVC, is pleased to announce that it has successfully priced Apidos XLVIII (48), a new $500m (c.€460m) Collateralized Loan Obligation ("CLO").

Key Points: 
  • CVC Credit, the $43bn global credit management business of CVC, is pleased to announce that it has successfully priced Apidos XLVIII (48), a new $500m (c.€460m) Collateralized Loan Obligation ("CLO").
  • Apidos XLVIII has a five-year reinvestment period and two-year non-call structure that is supported by an actively managed, diversified portfolio of senior secured and investment grade-rated loans.
  • Kevin O’Meara, Partner and Head of US Performing Credit at CVC Credit, said: “Apidos XLVIII was exceptionally well received by investors, demonstrating the confidence our investors have in CVC Credit’s disciplined and rigorous approach to credit investment and capital deployment.”
    Gretchen Bergstresser, Managing Partner and Global Head of Performing Credit at CVC Credit, said: “We are pleased to have priced our third new U.S. CLO of 2024 and our sixth globally, all before the end of H1.
  • We are fortunate at CVC Credit to have an established track record and deep investor relationships who support our new issuance activities.”