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United Kingdom

Kristen Haunss

US CLO issuance forecast to fall in 2020 as spreads remain wide

27 Nov 2019

NEW YORK, Nov 27 (LPC) - Issuance in the US Collateralized Loan Obligation (CLO) market is forecast to fall next year as spreads remain wide, eating into returns paid to the most junior investors in the funds.

LSTA offers sample credit agreement to aid SOFR transition

18 Nov 2019

NEW YORK, Nov 18 (LPC) - The US$1.2trn US loan market has been slow to adopt to a new lending benchmark as the London Interbank Offered Rate (Libor) is set to be phased out in two years, but a US trade group is offering investors a way forward with a new sample credit agreement.

CS names Moneypenny and Warm co-heads of US leveraged finance capital markets

15 Nov 2019

Credit Suisse named Jonathan Moneypenny and Marc Warm co-heads of US leveraged finance capital markets this week amid a number of organizational changes at the bank.

CLO market eyeing bonds with a bet on Volcker relief

17 Oct 2019

NEW YORK, Oct 17 (LPC) - The US Collateralized Loan Obligation (CLO) market is preparing to welcome back high-yield bonds into its funds.

CLO managers face hurdles as they try to adjust Libor language in refinancings

11 Oct 2019

NEW YORK, Oct 11 (LPC) - As the clock continues to tick closer to the end of a benchmark trillions of dollars of investments rely on, some US Collateralized Loan Obligation (CLO) managers are trying to proactively encourage all fund investors to agree on a path forward.

CLO Libor fallback language proposal fails as investor balks at change

08 Oct 2019

NEW YORK, October 8 (LPC) - An investor has kept a US Collateralized Loan Obligation (CLO) from fully adopting Libor fallback language, ahead of the demise of the benchmark in 2021.

US Senator Warren presses SEC on credit ratings

27 Sep 2019

NEW YORK, Sept 27 (LPC) - US Senator Elizabeth Warren expressed concerns about credit ratings, specifically those for loan securitizations, worried a top US regulator is not doing enough to ensure the independence of the process.

CLO market divided on Fed-approved Libor alternative language

13 Sep 2019

NEW YORK, Sept 13 (LPC) - A debate has been brewing in the US Collateralized Loan Obligation (CLO) market as some investors and managers push back on regulatory recommendations for how best to transition from a benchmark trillions of dollars of investments rely on.

MOVES-GreensLedge hires Natcharian and Yaworsky for structured credit

04 Sep 2019

NEW YORK, Sept 4 (LPC) - GreensLedge Asset Management has hired Matthew Natcharian and Derek Yaworsky to lead structured credit investing, the firm announced Wednesday.

Wide spreads and a hunt for higher-rated credits strain CLO equity

28 Aug 2019

NEW YORK, Aug 28 (LPC) - US Collateralized Loan Obligation (CLO) spreads widened for the third straight month amid falling interest rates, global market volatility and a year of strong issuance, which is weighing on returns to the funds’ most junior investors.

World News

Democrats zoom in on Trump impeachment charges this week

Democratic lawmakers could vote this week on articles of impeachment against President Donald Trump, the House Judiciary Committee chairman said on Sunday as lawmakers sharpened their focus on charges of wrongdoing in his dealings with Ukraine.