Collateralized loan obligation

KBRA Assigns Preliminary Ratings to RR 1 Ltd

Retrieved on: 
Tuesday, May 25, 2021
Banking, Professional services, Finance, Money, Finance, Economy, Loans, Structured finance, Credit, Mortgage, Collateralized loan obligation, Credit rating agency, Credit enhancement, Collateral

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by RR 1 Ltd (RR 1), a cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of broadly syndicated corporate loans.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by RR 1 Ltd (RR 1), a cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of broadly syndicated corporate loans.
  • RR 1 is managed by Redding Ridge Asset Management LLC (RRAM or the collateral manager) and will have a five-year reinvestment period.
  • The ratings reflect initial credit enhancement levels, excess spread, and coverage tests including overcollateralization ratio and interest coverage tests.
  • The collateral in RR 1 will mainly consist of broadly syndicated leveraged loans issued by corporate obligors diversified across sectors.

Oxford Lane Capital Corp. Schedules Fourth Fiscal Quarter Earnings Release and Conference Call for May 11, 2021

Retrieved on: 
Friday, May 7, 2021
Collateralized loan obligation, Loans, Mortgage

b'GREENWICH, Conn., May 07, 2021 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (Nasdaq: OXLC) (NasdaqGS: OXLCM) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) announced today that it will hold a conference call to discuss its fourth fiscal quarter earnings on Tuesday, May 11, 2021 at 9:00 AM ET.

Key Points: 
  • b'GREENWICH, Conn., May 07, 2021 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (Nasdaq: OXLC) (NasdaqGS: OXLCM) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) announced today that it will hold a conference call to discuss its fourth fiscal quarter earnings on Tuesday, May 11, 2021 at 9:00 AM ET.
  • The toll free dial-in number is 1-844-792-3730.
  • There will be a recorded replay of the call available for 30 days after the call.
  • The replay pass-code number is 10156439.\nAbout Oxford Lane Capital Corp.\nOxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company principally investing in debt and equity tranches of collateralized loan obligation (\xe2\x80\x9cCLO\xe2\x80\x9d) vehicles.

KBRA Assigns Preliminary Ratings to Logan CLO I, Ltd.

Retrieved on: 
Friday, April 30, 2021
Banking, Professional services, Insurance, Finance, Finance, Money, Economy, Loans, Credit risk, Credit, Bond market, Structured finance, Credit rating agency, KBRA, Collateralized loan obligation, Bond credit rating

b'Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Logan CLO I, Ltd. (Logan CLO I), a cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of broadly syndicated corporate loans.\nLogan CLO I is managed by Elmwood Asset Management LLC (\xe2\x80\x9cElmwood\xe2\x80\x9d or the \xe2\x80\x9ccollateral manager\xe2\x80\x9d) and will have a five-year reinvestment period.

Key Points: 
  • b'Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Logan CLO I, Ltd. (Logan CLO I), a cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of broadly syndicated corporate loans.\nLogan CLO I is managed by Elmwood Asset Management LLC (\xe2\x80\x9cElmwood\xe2\x80\x9d or the \xe2\x80\x9ccollateral manager\xe2\x80\x9d) and will have a five-year reinvestment period.
  • The ratings reflect initial credit enhancement levels, excess spread, and coverage tests including overcollateralization ratio and interest coverage tests.\nThe collateral in Logan CLO I will mainly consist of broadly syndicated leveraged loans issued by corporate obligors diversified across sectors.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .\nKroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210430005558/en/\n'

Onex Prices U.S. CLO-21

Retrieved on: 
Tuesday, April 27, 2021
Finance, Money, Onex Corporation, Collateralized loan obligation, Onex, Companies of Canada, Finance, Money, Onex Corporation, Collateralized loan obligation, Onex, Companies of Canada

b'TORONTO, April 27, 2021 (GLOBE NEWSWIRE) -- Onex Corporation (\xe2\x80\x9cOnex\xe2\x80\x9d) (TSX: ONEX) announced that Onex Credit Partners, LLC (\xe2\x80\x9cOnex Credit\xe2\x80\x9d) priced its 21st U.S. collateralized loan obligation (\xe2\x80\x9cCLO\xe2\x80\x9d) for approximately $510 million.

Key Points: 
  • b'TORONTO, April 27, 2021 (GLOBE NEWSWIRE) -- Onex Corporation (\xe2\x80\x9cOnex\xe2\x80\x9d) (TSX: ONEX) announced that Onex Credit Partners, LLC (\xe2\x80\x9cOnex Credit\xe2\x80\x9d) priced its 21st U.S. collateralized loan obligation (\xe2\x80\x9cCLO\xe2\x80\x9d) for approximately $510 million.
  • CLO-21 will be managed by the Onex Credit team led by Ronnie Jaber and Karen Lau.
  • In total, as of December 31, 2020, Onex has approximately $44 billion of assets under management, of which approximately $6.8 billion is its own investing capital.
  • Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX.

Oxford Square Capital Corp. Schedules First Quarter 2021 Earnings Release and Conference Call for April 27, 2021

Retrieved on: 
Tuesday, April 20, 2021
Loans, Collateralized loan obligation, Mortgage, United States housing bubble

b'GREENWICH, Conn., April 20, 2021 (GLOBE NEWSWIRE) -- Oxford Square Capital Corp. (NasdaqGS: OXSQ ) (NasdaqGS: OXSQL) (NasdaqGS: OXSQZ) announced today that it will hold a conference call to discuss first quarter 2021 earnings on Tuesday, April 27, 2021 at 9:00 AM Eastern time.

Key Points: 
  • b'GREENWICH, Conn., April 20, 2021 (GLOBE NEWSWIRE) -- Oxford Square Capital Corp. (NasdaqGS: OXSQ ) (NasdaqGS: OXSQL) (NasdaqGS: OXSQZ) announced today that it will hold a conference call to discuss first quarter 2021 earnings on Tuesday, April 27, 2021 at 9:00 AM Eastern time.
  • The replay pass-code number is 10155686.\nAbout Oxford Square Capital Corp.\nOxford Square Capital Corp. is a publicly-traded business development company principally investing in syndicated bank loans and debt and equity tranches of collateralized loan obligation (\xe2\x80\x9cCLO\xe2\x80\x9d) vehicles.
  • Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements.
  • These factors are identified from time to time in our filings with the Securities and Exchange Commission.

Tony DeLio Joins MidOcean Partners as Operating Partner

Retrieved on: 
Tuesday, April 20, 2021
Consulting, Banking, Professional services, Finance, Finance, Money, Private equity secondary market, DB Group, MidOcean Partners, Collateralized loan obligation, Private equity

b'MidOcean Partners (\xe2\x80\x9cMidOcean\xe2\x80\x9d), a premier New York\xe2\x80\x93based alternative asset manager specializing in middle-market private equity and alternative credit investments, announced today that Tony DeLio has joined the firm as an Operating Partner.

Key Points: 
  • b'MidOcean Partners (\xe2\x80\x9cMidOcean\xe2\x80\x9d), a premier New York\xe2\x80\x93based alternative asset manager specializing in middle-market private equity and alternative credit investments, announced today that Tony DeLio has joined the firm as an Operating Partner.
  • Earlier in his career, DeLio worked for Mars, Inc. in multiple businesses and functions including the Confectionary and Food divisions as well as Pet Care.
  • Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors.
  • MidOcean Credit Partners was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210420005773/en/\n'

Allvue Systems Selected as Software Provider for New Mountain Capital CLO Strategy

Retrieved on: 
Tuesday, April 13, 2021
Technology, Finance, Consulting, Banking, Other Technology, Accounting, Professional services, Software, Data management, Other Professional Services, Finance, Money, Economy, Loans, Collateralized loan obligation, Mortgage, Private equity, Allvue, New Mountain Capital

b'Allvue Systems (\xe2\x80\x9cAllvue\xe2\x80\x9d), a leading alternative investment technology solutions provider, today announced that the firm was selected by New Mountain Capital (\xe2\x80\x9cNew Mountain\xe2\x80\x9d) as the software provider for its Collateralized Loan Obligation (\xe2\x80\x9cCLO\xe2\x80\x9d) business.

Key Points: 
  • b'Allvue Systems (\xe2\x80\x9cAllvue\xe2\x80\x9d), a leading alternative investment technology solutions provider, today announced that the firm was selected by New Mountain Capital (\xe2\x80\x9cNew Mountain\xe2\x80\x9d) as the software provider for its Collateralized Loan Obligation (\xe2\x80\x9cCLO\xe2\x80\x9d) business.
  • New Mountain is an alternative investment manager that manages over $30 billion across private equity, credit, public equity and net lease, and launched its CLO strategy in 2020.\nAllvue is providing New Mountain its industry-leading software solutions for CLO portfolio management, research, trading and compliance.
  • Allvue was established in 2019 through the merger of Black Mountain Systems and AltaReturn, and currently manages over $2.5 trillion in assets on its platform.
  • To learn more about Allvue, please visit: https://www.allvuesystems.com/\nNew Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation.

Saratoga Investment Corp. to Report Fiscal Fourth Quarter and Fiscal Year 2021 Financial Results and Hold Conference Call

Retrieved on: 
Thursday, April 8, 2021
Money, Finance, Economy, Loans, Saratoga, Collateralized loan obligation, Financial adviser, Investment company

ET on Thursday, May 13, 2021, by dialing (855) 859-2056 (U.S. and Canada) or (404) 537-3406 (outside U.S. and Canada), passcode for both replay numbers: 7175278.

Key Points: 
  • ET on Thursday, May 13, 2021, by dialing (855) 859-2056 (U.S. and Canada) or (404) 537-3406 (outside U.S. and Canada), passcode for both replay numbers: 7175278.
  • Saratoga Investment has elected to be regulated as a business development company under the Investment Company Act of 1940 and is externally-managed by Saratoga Investment Advisors, LLC, an SEC-registered investment advisor focusing on credit-driven strategies.
  • Saratoga Investment owns two SBIC-licensed subsidiaries and manages a $650 million collateralized loan obligation (CLO) fund.
  • The Companys diverse funding sources, combined with a permanent capital base, enable Saratoga Investment to provide a broad range of financing solutions.

Document research start-up Dealscribe announces launch in collateralized loan obligations

Retrieved on: 
Wednesday, April 7, 2021
Loans, Collateralized loan obligation, Mortgage, Articles, Learning, Economy, CLO, Test market

LONDON, April 7, 2021 /PRNewswire/ -- Dealscribe, a technology-enabled research firm, today formally launches as a commercial product and releases the full version of its web system serving the market for collateralized loan obligations (CLOs).

Key Points: 
  • LONDON, April 7, 2021 /PRNewswire/ -- Dealscribe, a technology-enabled research firm, today formally launches as a commercial product and releases the full version of its web system serving the market for collateralized loan obligations (CLOs).
  • The service, designed to reduce the time investors need to spend reading indentures and prospectuses, consists of an easy-to-navigate database of the rules governing each CLO, including visual links to the language of the original documents.
  • Many of the market's leading CLO investors have worked with Dealscribe in its beta-testing phase.
  • This has allowed the product to be fine-tuned to the real needs of the market and ensures that the most relevant concepts are included in the 250 data points collected and checked for each deal.

AlbaCore Capital Group Announces Pricing of Second Upsized CLO at €408 million

Retrieved on: 
Thursday, April 1, 2021
Banking, Professional services, Finance, Loans, Collateralized loan obligation, Mortgage, CLO, Albacore

European credit investment firm AlbaCore Capital Group (AlbaCore), announced the pricing of its second Collateralized Loan Obligation (CLO), AlbaCore Euro CLO II, an upsized 408,350,000 CLO with environmental, social and governance (ESG) eligibility criteria in the documentation.

Key Points: 
  • European credit investment firm AlbaCore Capital Group (AlbaCore), announced the pricing of its second Collateralized Loan Obligation (CLO), AlbaCore Euro CLO II, an upsized 408,350,000 CLO with environmental, social and governance (ESG) eligibility criteria in the documentation.
  • The collateral manager of AlbaCore Euro CLO II is AlbaCore Capital LLP.
  • Deborah Cohen Malka, Managing Director at AlbaCore Capital Group, commented:
    We are delighted to have launched our second CLO following on from the success of the first, reinforcing our commitment to our CLO platform.
  • AlbaCore Capital Group is one of Europes leading specialist credit investors focusing on public and private corporate credit markets.