Syndicated loan

KBRA Releases Research – Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: January 2021

Retrieved on: 
Tuesday, February 23, 2021
Professional services, Health, Infectious diseases, Insurance, Finance, Banking, Money, Finance, Loans, Economy, Financial law, Nationally recognized statistical rating organization, Credit rating agency, Collateralized loan obligation, Syndicated loan, CLO

Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to corporate sectors amid the ongoing coronavirus (COVID-19) pandemic.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to corporate sectors amid the ongoing coronavirus (COVID-19) pandemic.
  • In this report, we provide an update on U.S. CLO sector exposure and overall industry credit quality, based on reported data from March 2020 through January 2021 trustee reports for a representative sample of transactions.
  • We also include the Structured Credit Publication Index, which contains links to recent KBRA reports within the Structured Credit sector.
  • Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: December 2020
    KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

BOK Financial names new managing director of loan syndications

Retrieved on: 
Monday, February 22, 2021
BOK Financial Corporation, Geography of Oklahoma, Bok, Tulsa, Oklahoma, Syndicated loan, Economy, OKLAHOMA

TULSA, Okla., Feb. 22, 2021 (GLOBE NEWSWIRE) -- BOK Financial (NASDAQ: BOKF) announced today that Kaushik Ponnusamy has been named the successor to retiring Evans Swann and will assume the role of managing director of loan syndications for the organization.

Key Points: 
  • TULSA, Okla., Feb. 22, 2021 (GLOBE NEWSWIRE) -- BOK Financial (NASDAQ: BOKF) announced today that Kaushik Ponnusamy has been named the successor to retiring Evans Swann and will assume the role of managing director of loan syndications for the organization.
  • Kaushik is acutely aligned with the BOK Financial vision of syndications, said Scott Andrews, senior vice president and chief operating officer for the Commercial Division.
  • He joined BOK Financial in 2017 and was instrumental in growing the firms syndications efforts within the Commercial Real Estate line of business.
  • BOK Financial Corporation's holdings include BOKF, NA; BOK Financial Securities, Inc., BOK Financial Private Wealth, and BOK Financial Insurance, Inc. BOKF, NA operates TransFund, Cavanal Hill Investment Management and BOK Financial Asset Management, Inc. BOKF, NA operates banking divisions across eight states as: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas and BOK Financial (in Arizona, Arkansas, Colorado, Kansas and Missouri); as well as having limited purpose offices Nebraska, Milwaukee and Connecticut.

KBRA Releases Research – Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: December 2020

Retrieved on: 
Friday, January 22, 2021
Consulting, Banking, Professional services, Finance, Money, Finance, Loans, Economy, Financial law, Nationally recognized statistical rating organization, Credit rating agency, Syndicated loan, Collateralized loan obligation, CLO

Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic.
  • In this report, we provide an update on U.S. CLO sector exposure and overall industry credit quality, based on reported data from March through December 2020 trustee reports for a representative sample of transactions.
  • We also include the Structured Credit Publication Index, which contains links to recent KBRA reports within the Structured Credit sector.
  • Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: November 2020
    KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

FUNDINGO Announces Loan Servicing Solution for Small Construction Lenders

Retrieved on: 
Tuesday, January 19, 2021
Loans, Credit, Financial law, Student loans in the United States, Syndicated loan

LOS ANGELES, Jan. 19, 2021 /PRNewswire/ --FUNDINGO has announced a new version of its loan management software built specifically for small construction lenders.

Key Points: 
  • LOS ANGELES, Jan. 19, 2021 /PRNewswire/ --FUNDINGO has announced a new version of its loan management software built specifically for small construction lenders.
  • Unlike servicing loans manually with paper, emails, and spreadsheets, the FUNDINGO system makes it easy for lenders to adjust payments, disbursements, draws, accruals, fees and other loan terms to suit the needs of their borrowers.
  • "Our team has leveraged its expertise to deliver a system that meets the specialized needs of small construction lenders," said Henry Abeneim, CEO of FUNDINGO.
  • FUNDINGO is a loan management solution designed specifically for alternative lenders.

KBRA Releases Research – Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: November 2020

Retrieved on: 
Friday, December 18, 2020
Professional services, Insurance, Finance, Money, Finance, Loans, Economy, Financial law, Credit rating agency, Nationally recognized statistical rating organization, Syndicated loan, Collateralized loan obligation, CLO

Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic.
  • In this report, we provide an update on U.S. CLO sector exposure and overall industry credit quality, based on reported data from March through November 2020 trustee reports for a representative sample of transactions.
  • We also include the Structured Credit Publication Index, which contains links to recent KBRA reports within the Structured Credit sector.
  • Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: October 2020
    KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

Turkiye Garanti Bankasi A.S.: Announcement regarding Syndicated Loan Agreement

Retrieved on: 
Tuesday, December 15, 2020
Financial law, Credit, Loans, Syndicated loan

With the public disclosure referenced above, it was announced that on November 18, 2020, our Bank signed a syndicated loan agreement with a maturity of 367 days, consisting of USD 267,500,000 and Euro 312,000,000 in two separate tranches, and that the total loan amount may be increased with new participation through the accordion terms under the agreement.

Key Points: 
  • With the public disclosure referenced above, it was announced that on November 18, 2020, our Bank signed a syndicated loan agreement with a maturity of 367 days, consisting of USD 267,500,000 and Euro 312,000,000 in two separate tranches, and that the total loan amount may be increased with new participation through the accordion terms under the agreement.
  • In line with the accordion terms, as a result of the new participations, the amount of the said syndicated loan, has been increased to USD 267.500.000 and Euro 332.000.000.
  • In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
  • We declare that our above statements are in conformity with the principles included in the Board's Communiqu, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.

KBRA Releases Research – Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: October 2020

Retrieved on: 
Monday, November 23, 2020
Banking, Professional services, Finance, Finance, Money, Economy, Loans, Financial law, Credit risk, Bond market, Credit rating agency, Nationally recognized statistical rating organization, Collateralized loan obligation, Syndicated loan, Bond credit rating

Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic.
  • As the calendar approaches 2021, KBRA is constructive on the prospect of an overall economic rebound, which should bode well for corporate credit activity.
  • We also include the Structured Credit Publication Index, which contains links to recent KBRA reports within the Structured Credit sector.
  • Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: September 2020
    KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

Turkiye Garanti Bankasi A.S.: Announcement regarding Syndicated Loan Agreement

Retrieved on: 
Thursday, November 19, 2020
Money, Finance, Economy, Interest rates, Financial law, Swaps, United States housing bubble, Fixed-income securities, Syndicated loan, Euribor, Libor, Tranche

On 18.11.2020 our Bank has signed a syndicated loan agreement with 367 days maturity in the amount of US $ 267.500.000 and 312.000.000 comprising of two separate tranches.

Key Points: 
  • On 18.11.2020 our Bank has signed a syndicated loan agreement with 367 days maturity in the amount of US $ 267.500.000 and 312.000.000 comprising of two separate tranches.
  • The loan which will be used for trade finance purposes has been executed with commitments received from 30 financial institutions from 18 countries.
  • The all-in cost for USD and EUR tranches have been realized as Libor + 2.50% and Euribor + 2.25% respectively.
  • The total loan amount may be increased with new participations through the accordion terms under the agreement.

KBRA Releases Research – Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: September 2020

Retrieved on: 
Thursday, October 22, 2020
Banking, Professional services, Finance, Money, Finance, Loans, Economy, Financial law, Credit rating agency, Nationally recognized statistical rating organization, Syndicated loan, Collateralized loan obligation, CLO

Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic.
  • In this report, we provide an update on U.S. CLO sector exposure and overall industry credit quality, based on reported data from March through September 2020 trustee reports for a representative sample of transactions.
  • We also include the Structured Credit Publication Index, which contains links to recent KBRA reports within the Structured Credit sector.
  • Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: August 2020
    KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

Black Knight Delivers a Major Enhancement to Its CompassPoint Pool Optimizer Solution to Solve Agency Pool-Level Constraints

Retrieved on: 
Monday, October 5, 2020
Finance, Money, Economy, Loans, Financial market, United States housing bubble, Mortgage, Private equity, Banking, Syndicated loan

CompassPoint is an industry-leading risk management and loan sale platform for the secondary loan market, helping lenders hedge more than $100 billion of closed loan volume monthly.

Key Points: 
  • CompassPoint is an industry-leading risk management and loan sale platform for the secondary loan market, helping lenders hedge more than $100 billion of closed loan volume monthly.
  • In order to support best execution, lenders face the complex task of aggregating their closed loans into pools for sale on the secondary market.
  • This new enhancement is available through an API integration and can be leveraged without using the full CompassPoint product suite.
  • "The latest enhancement to CompassPoint represents Black Knight's continued focus on innovation for the secondary market to help market participants improve profit margins and reduce risk."