As with the sponsor's previous deal, in July 2016, exposure to obligors in the oil and gas industry is low, while the mix of vehicles has shifted to include more trucks.
Things are looking somewhat more optimistic than they were before, said IACPM executive director Som-lok Leung. The Fed is certainly a part of it. Its only going to raise rates if they believe things are continuing to look better.
The transaction, Vitality Re VII, will two tranches of notes totaling $200 million; the senior tranche is provisionally rated BBB+ by Standard & Poor's and the subordinate tranche is rated BB+.
American Airlines is upsizing the carriers first enhanced equipment trust certificate issuance of 2017 to $983.2 million, covering the financing of additional new aircraft joining Americans fleet over the next five months.
The trade group warned that the rules will curtail issuance of collateralized loan obligations and hamper financing to speculative-grade companies that depend on syndications of their loans.
A two-year extension to the deadline for banks to conform CLO holdings to the Volcker Rule doesn't apply to all, the Federal Reserve says.
Despite regulatory hurdles, participants see nothing in the way of issuance reaching $60 billion to $70 billion this year.
Finke says the industry needs to address the lack of understanding about its performance and role in the economy.
Treasurer, Head of Asset Management
Firm: NewStar Financial
The wireless carrier, though only rated single-B, has more leeway from existing investors to enter into a transaction like this than even some investment-grade companies.Current Issue