High Yield Market Update
Tim Gramatovich joins BNN Bloomberg to discuss the market perception of a Fed backstop in high yield and why he believes spreads will begin to widen as the Q2 earnings season approaches.
The Challenges and Opportunities in U.S. Corporate Credit
Tim Gramatovich joins BNN Bloomberg to discuss the implications of Fed stimulus, over-leveraging and why active management is important in the high yield and leveraged loan markets going forward.
Leveraged Loan Outlook
Tim Gramatovich joins BNN Bloomberg to discuss the grim outlook for CLOs and the opportunities that lie ahead in the leveraged loan market.
Energy Sector Outlook and Risk Premiums
Tim Gramatovich joins BNN Bloomberg to discuss the avoidance of U.S. shale producers from a lender's perspective and current market risk premiums.
Economic Impact of the Oil Price War
Tim Gramatovich joins BNN Bloomberg to discuss why consolidation is necessary in the industry, the economic impact of the oil crash and the lasting damage to the Canadian economy.
2020 Investment Strategy and Finding Value in Leveraged Loans
Tim Gramatovich joins BNN Bloomberg to discuss the firm's investment strategy heading into 2020, why active management and analyzing idiosyncratic risk is important today, and the potential opportunities in the secondary market.
Challenges in the Capital Markets for U.S. Shale Producers
Tim Gramatovich joins BNN Bloomberg to discuss the current financing challenges facing U.S. shale producers, the cash flow differences between U.S. and Canadian assets and why he believes there is still hope for Canada to attract foreign capital over the long-term.
Gateway in the Press
Riskiest CLO Pieces Signal Years of Corporate Pain Ahead
The riskiest parts of the $700 billion collateralized loan obligation market are signaling a tough road ahead for U.S. companies, with a wave of bankruptcies potentially spanning years.
Investments known as CLO equity have lost a quarter of their value this year, and asset managers including Oaktree Capital Management and Gateway Credit Partners are skeptical that they will turn around anytime soon.
July 16, 2020
U.S. Borrowers Shun Leveraged Loan Market as Demand Wanes
NEW YORK, June 4 (LPC) - Borrowers that have historically turned to the US leveraged loan market are instead looking to high-yield bonds to refinance existing loans as bank debt becomes more costly and hard to access while demand for the asset class drops.
Health insurer Molina Healthcare and food distributor Del Monte Foods raised a combined US$1.3bn in bonds to repay their term loans in May. Artificial intelligence firm Cerence followed suit raising US$150m in....
June 4, 2020
Spreads Widen in Choppy U.S. Leveraged Loan Market
September 20, 2019