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Collateralized loan obligation

RECENT NEWS
Silvermine Capital selects BNY Mellon as trustee, agent for CLO
Banking Business Review  May 4  Comment 
Silvermine Capital has appointed BNY Mellon as trustee and collateral administrator, paying agent and calculation agent for its $450m collateralized loan obligation (CLO).
Highland files suit against Citi over CLO dispute
Reuters  Apr 5  Comment 
April 5 (LPC) - Highland Capital Management today filed a lawsuit against Citigroup and Babson Capital Management following a dispute over the asset manager's involvement with a collateralized loan obligation known as Liberty CLO.
As macro picture brightens, CLO market stages comeback in 1Q
Forbes  Apr 4  Comment 
With the macroeconomic backdrop brightening, the CLO market regained its footing in the first quarter. Managers printed 15 new deals totaling $5.83 billion, which is the strongest quarter for the new-issue CLO market since the first quarter of...
Citi, Highland in Dispute Over CLO
Bankstocks.com  Mar 19  Comment 
Citigroup is seeking to oust Highland as the manager of the $867 million collateralized loan obligation. The dust-up is an example of how the interests of banks
UPDATE: BMO Capital Markets Raises PT to $8 on Kohlberg Capital
Benzinga  Mar 16  Comment 
BMO Capital Markets raises its target price to $8 on Market Perform-rated Kohlberg Capital (NASDAQ: KCAP) as bolstered CLO efforts play into the company's strength. BMO Capital Markets says, "KCAP acquired Trimaran Advisors, a CLO asset...
[$] Citi, Highland in Dispute Over CLO
Wall Street Journal  Mar 16  Comment 
Citigroup is seeking to oust Highland as the manager of the $867 million collateralized loan obligation. The dust-up is an example of how the interests of banks and hedge funds that worked together to create thousands of complex securities before...
CLO activity jumps in February as credit market heats up
Forbes  Feb 22  Comment 
Amid strong credit-market conditions and falling senior liabilities, CLO activity is on the rise.
Barclays Bank Extends its Cash Tender Offer for Certain Outstanding Securities of ACA CLO 2005-1, Limited and ACA CLO 2005
Benzinga  Feb 17  Comment 
Barclays Bank today announced that it has extended the expiration of its tender offer to purchase for cash all of the outstanding Class A-2L Floating Rate Notes Due October 2017, Class A-3L Floating Rate Notes Due October 2017, Class B-1L Floating...




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This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition.
 

A Collateralized Loan Obligation, or CLO, is a synthetic investment created by bundling a pool of similar loans into a single investment that can be bought or sold. An investor that buys a CLO owns a right to a part of this pool's interest income and principal. A CLO is actually at specific type of CDO, that uses loans to highly leveraged businesses as the underlying asset.

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