CBAM-FM

KBRA Assigns Preliminary Ratings to CBAM 2020-12, Ltd.

Retrieved on: 
Monday, June 14, 2021

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by CBAM 2020-12, Ltd. (CBAM 2020-12), 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 three classes of notes issued by CBAM 2020-12, Ltd. (CBAM 2020-12), a cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of broadly syndicated corporate loans.
  • CBAM 2020-12 is managed by CBAM Partners, LLC (CBAM or the collateral manager) which initially closed in August 2020.
  • The ratings reflect initial credit enhancement levels, excess spread, and coverage tests including overcollateralization ratio and interest coverage tests.
  • The collateral in CBAM 2020-12 will mainly consist of broadly syndicated leveraged loans issued by corporate obligors diversified across sectors.

KBRA Assigns Preliminary Ratings to CBAM 2020-13, Ltd.

Retrieved on: 
Wednesday, November 25, 2020

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six classes of notes issued by CBAM 2020-13, Ltd. (CBAM 2020-13), a cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of broadly syndicated senior secured leveraged loans.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six classes of notes issued by CBAM 2020-13, Ltd. (CBAM 2020-13), a cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of broadly syndicated senior secured leveraged loans.
  • CBAM 2020-13 is managed by CBAM Partners, LLC (CBAM 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 CBAM 2020-13 will mainly consist of broadly syndicated senior secured leveraged loans issued by corporate obligors diversified across sectors.

Mike Manfred to Join CBAM as Head of Capital Markets

Retrieved on: 
Wednesday, September 9, 2020

NEW YORK, Sept. 9, 2020 /PRNewswire/ --CBAM, a leading alternative investment management firm, today announced the addition of Mike Manfred as Managing Director and Head of Capital Markets.

Key Points: 
  • NEW YORK, Sept. 9, 2020 /PRNewswire/ --CBAM, a leading alternative investment management firm, today announced the addition of Mike Manfred as Managing Director and Head of Capital Markets.
  • In this role Manfred will focus on CBAM's relationships with financial sponsors and banks, amongst broader capital markets responsibilities.
  • "Bringing on Mike, with his depth of expertise and relationships, is an exciting development for CBAM," said Mike Damaso and Don Young, Partners and Co-Founders at CBAM.
  • Mike will be pivotal in helping us deepen our sponsor and bank engagement and accelerate and expand our efforts in this area.

Neil Phillips Appointed to the CBAM Board of Directors

Retrieved on: 
Thursday, June 25, 2020

NEW YORK, June 25, 2020 /PRNewswire/ --CBAM, an alternative investment management firm, has announced that Neil Phillips has joined its Board of Directors.

Key Points: 
  • NEW YORK, June 25, 2020 /PRNewswire/ --CBAM, an alternative investment management firm, has announced that Neil Phillips has joined its Board of Directors.
  • Neil is regarded as a national thought leader and renowned speaker on black male achievement, race in America, and youth empowerment.
  • "We are excited to welcome Neil as an independent board member," said Mike Damaso, Partner at CBAM.
  • "Having known Neil for many years now, I am proud to welcome him to the CBAM team.

CBAM Nominated For "Best US CLO Manager" And "Best US CLO" At This Year's Creditflux Manager Awards 2020

Retrieved on: 
Thursday, May 7, 2020

NEW YORK, May 7, 2020 /PRNewswire/ -- CBAM Partners is pleased to announce that it has been named as a finalist in two separate categories at this year's Creditflux Manager Awards 2020 including "Best US CLO Manager" as well as "Best US CLO" in recognition of its CLO, CBAM 2018-6.

Key Points: 
  • NEW YORK, May 7, 2020 /PRNewswire/ -- CBAM Partners is pleased to announce that it has been named as a finalist in two separate categories at this year's Creditflux Manager Awards 2020 including "Best US CLO Manager" as well as "Best US CLO" in recognition of its CLO, CBAM 2018-6.
  • The event is scheduled to take place in London on September 8, 2020.
  • This is the second year CBAM has been nominated for "Best US CLO Manager" and the second time CBAM 2018-6 has been nominated.
  • The 12th Creditflux Manager Awards are fully quantitative performance-based awards for the global CLO and credit fund management industry.

CBAM Closes Its Second CLO of 2018 at $1 Billion

Retrieved on: 
Friday, June 15, 2018

NEW YORK, June 15, 2018 /PRNewswire/ --CBAM today announced that it has closed a $1 billion collateralized loan obligation ("CLO"), with Goldman Sachs acting as lead arranger.

Key Points: 
  • NEW YORK, June 15, 2018 /PRNewswire/ --CBAM today announced that it has closed a $1 billion collateralized loan obligation ("CLO"), with Goldman Sachs acting as lead arranger.
  • In addition, CBAM priced CBAM 2018 -7 on June 8th at $756 million, with BAML acting as lead arranger.
  • CBAM 2018 -7 is expected to close in July and will bring CBAM's total CLO issuance to $7.9 billion since August 2016.
  • CBAM's AUM now stands at $8.9 billion across multiple credit vehicles and separate accounts as of April 30, 2018.