CLO

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

Tuesday, February 23, 2021 - 6:59pm

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.

Chief Learning Officer Announces 2021 LearningElite Finalists

Thursday, February 11, 2021 - 12:00pm

CHICAGO, Feb. 11, 2021 /PRNewswire/ -- Chief Learning Officer (CLO) announced this week the 59 finalist organizations of its 11th annual LearningElite Awards Program, a rigorous ranking and benchmarking program designed to identify the top organizations creating and implementing exemplary workforce learning and development practices that deliver significant business value.

Key Points: 
  • CHICAGO, Feb. 11, 2021 /PRNewswire/ -- Chief Learning Officer (CLO) announced this week the 59 finalist organizations of its 11th annual LearningElite Awards Program, a rigorous ranking and benchmarking program designed to identify the top organizations creating and implementing exemplary workforce learning and development practices that deliver significant business value.
  • Since 2011, CLO's Research and Advisory team has partnered with top CLOs and senior L&D practitioners to review and rate applications based on five dimensions critical to learning organizations: learning strategy, leadership commitment, learning execution, learning impact and business performance results.
  • "For over a decade now, the LearningElite has helped to identify influential benchmarking data necessary for achieving effective performance in learning and development," said Ashley St. John, chief content officer and editor-in-chief of BetterWork Media Group, the parent company of CLO.
  • Chief Learning Officer is dedicated to serving as a platform and vehicle for C-suite and senior-level learning and development professionals to connect and advance in the profession and their personal careers.

KBRA Assigns Preliminary Ratings to BlackRock Rainier CLO VI, Ltd.

Tuesday, February 9, 2021 - 11:32pm

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes and one class of loans issued by BlackRock Rainier CLO VI, Ltd. (BlackRock Rainier CLO VI), a cash flow collateralized loan obligation (CLO) back by a diversified portfolio of middle market corporate loans.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes and one class of loans issued by BlackRock Rainier CLO VI, Ltd. (BlackRock Rainier CLO VI), a cash flow collateralized loan obligation (CLO) back by a diversified portfolio of middle market corporate loans.
  • BlackRock Rainier CLO VI is managed by BlackRock Capital Investment Advisors, LLC (BlackRock or the collateral manager) and will have a four-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 BlackRock Rainier CLO VI will mainly consist of middle market leveraged loans issued by corporate obligors diversified across sectors.

CLO-CLO™ Vegan Foods Introduces New Line of Exotic Tasting Vegan Pizzas as Consumer Demand for Plant-Based Foods Soars

Monday, February 8, 2021 - 8:07pm

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    You will feel like a part of Italy and the Tuscan Valley with our CLO-CLO Tuscan Vegan Pizza!
  • If you cannot travel to the Caribbean you can still feel like you are there after tasting our mouth-watering vegan pizza.
  • Our CLO-CLO vegan, gluten-free sweet potato pizza crusts are so good they are a guilt-free pleasure for your health and well-being.
  • CLO-CLO Vegan Foods proprietary technology and sophisticated innovation has created a revolutionary product with early sensational success in the frozen pizza category.

GoldenTree Asset Management Raises $725 Million in Commitments for Second CLO Strategy

Wednesday, February 3, 2021 - 2:00pm

NEW YORK, Feb. 3, 2021 /PRNewswire/ -- GoldenTree Asset Management ("GoldenTree"), a global credit manager, announced the closing of $725 million in commitments on a second CLO strategy ("GLM II") as part of its GoldenTree Loan Management ("GLM") program.

Key Points: 
  • NEW YORK, Feb. 3, 2021 /PRNewswire/ -- GoldenTree Asset Management ("GoldenTree"), a global credit manager, announced the closing of $725 million in commitments on a second CLO strategy ("GLM II") as part of its GoldenTree Loan Management ("GLM") program.
  • GoldenTree previously raised $600 million in 2016 for the first vintage of the strategy.
  • As a result, GoldenTree believes it can enhance the returns for the CLO equity held by GLM.
  • GoldenTree's strong historical CLO performance is in large part due to its security selection and active management of its loan portfolios.

Oxford Lane Capital Corp. Schedules Third Fiscal Quarter Earnings Release and Conference Call for February 1, 2021

Monday, January 25, 2021 - 4:06pm

GREENWICH, Conn., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (Nasdaq: OXLC) (NasdaqGS: OXLCO) (NasdaqGS: OXLCM) (NasdaqGS: OXLCP) announced today that it will hold a conference call to discuss its third fiscal quarter earnings on Monday, February 1, 2021 at 9:00 AM ET.

Key Points: 
  • GREENWICH, Conn., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (Nasdaq: OXLC) (NasdaqGS: OXLCO) (NasdaqGS: OXLCM) (NasdaqGS: OXLCP) announced today that it will hold a conference call to discuss its third fiscal quarter earnings on Monday, February 1, 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.
  • About Oxford Lane Capital Corp.
    Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company principally investing in debt and equity tranches of collateralized loan obligation (CLO) vehicles.

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

Friday, January 22, 2021 - 2:54pm

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.

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

Friday, December 18, 2020 - 9:24pm

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.

TCW Enters CLO Equity Strategic Investment Agreement With Jefferies and Kennedy Lewis

Monday, November 9, 2020 - 2:00pm

The TCW Group, a global asset management firm, today announced that it has entered into a strategic investment agreement with Jefferies and Kennedy Lewis Investment Management to support new issuance of collateralized loan obligations (CLOs) on the TCW platform.

Key Points: 
  • The TCW Group, a global asset management firm, today announced that it has entered into a strategic investment agreement with Jefferies and Kennedy Lewis Investment Management to support new issuance of collateralized loan obligations (CLOs) on the TCW platform.
  • Under the strategic investment agreement, Jefferies and Kennedy Lewis will provide up to $160 million in equity to the TCW CLO platform.
  • Through this investment, Kennedy Lewis and Jefferies will gain access to and share in the growth of TCWs loan platform.
  • Drew Sweeney, TCW loan portfolio manager, said, TCW is excited to partner with both Jefferies and KLIM to help accelerate growth in our CLO platform.

PPM America Announces Tenth CLO Closing

Monday, November 2, 2020 - 2:00pm

PPM America, Inc. (PPM) today announced the closing of PPM CLO 4, Ltd. (CLO 4) on October 30, a $354 million CLO with a 3-year reinvestment period.

Key Points: 
  • PPM America, Inc. (PPM) today announced the closing of PPM CLO 4, Ltd. (CLO 4) on October 30, a $354 million CLO with a 3-year reinvestment period.
  • CLO 4 is managed by a PPM subsidiary, PPM Loan Management Company, LLC (PPMLM), a registered investment adviser created in 2017 to comply with risk retention regulations.
  • CLO 4 is the tenth CLO in the firms history, which has been an active investor in bank loans since 1995.
  • Founded in 1990, PPM America, Inc. (PPM) is a US-based institutional asset manager with $109.12 billion in assets under management as of September 30, 2020.