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We are looking forward to hosting the CLO Docs Roundtable with Dealscribe in New York on April 28th. Get in touch if you would like to join this closed-door event!
Created in 2020, Dealscribe is a company dedicated to saving its users' time. It grew from a realization that financial market participants were spending far too much of their time searching through documents to find the exact terms of each deal. Even the most expert individuals struggle to keep track of documentation differences across their portfolio of deals. The industry as a whole remains inefficient because the same document-trawling process is duplicated across dozens of different firms. To solve this problem, we have brought together a team of smart individuals from a variety of backgrounds. Guided by machine learning, they turn complex legal agreements into standardized data points and give our users the tools to find the information they need quickly. The result is a technology platform with a human heart. 20% of the work comes from the technology, 80% of value from human analysis. Dealscribe is based in London and New York and has the backing of a group of individuals with senior roles in the CLO industry. Its founder, Mike Peterson, has a track record of building successful data and information services that respond to the real needs of the market.
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Dealscribe reposted this
We are looking forward to hosting the CLO Docs Roundtable with Dealscribe in New York on April 28th. Get in touch if you would like to join this closed-door event!
Full doc analysis of Polen Capital CLO 2025-1 is now available on Dealscribe at https://lnkd.in/ez-mEQrg
We are pleased to announce the close of our debut collateralized loan obligation (“CLO”). Polen Capital CLO 2025-1, Ltd., a $407.15 million CLO that is secured primarily by a pool of broadly syndicated first-lien loans, represents an important step in our commitment to expanding credit and structured finance offerings to serve a wider range of investors. Read the full press release below. https://bit.ly/4h94qiD
This illustration, based on a recent payment report, shows why the post-reinvestment OC waterfall carve-out matters. Download the full report to find out how it works and how widely it is used in US and European CLOs. https://lnkd.in/exMncnVw
Thanks to everyone who took part in our semi-annual round of client briefings. Single client briefings are just one way we make sure our subscribers stay in the loop on changing CLO market standards, and your comments help us make sure we are focusing on the right areas of documentation. Here are some of the most common talking points across more than 45 briefings: 🔥 Bond buckets rising above 5% 🔥 Vanishing Sofr floors 🔥 What happens when a controlling class condition is satisfied 🔥 Maturity restrictions using pluralized language 🔥 What work-out proceeds can be treated as interest 🔥 Grace periods in rating default definitions
We are delighted to announce that we are hosting a CLO docs roundtable with Fixed Income Investor Network (FIIN) in New York on 28 April. Get in touch for more information on this exclusive event.
When does a rating downgrade cause a CLO collateral asset to be classed as defaulted? This used to be a simple question. Now partial default ratings and grace periods are making the answer more complicated. Jozef Kuczynski explains the latest developments in this new topic report.
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If you are voting in the Dealcatalyst CLO Awards 2025, please choose Dealscribe as · Best CLO data and technology provider · Best CLO research house Vote for us and get a free cap (for collection at the Dealscribe stand on 28/29 April). Yes, it is bribery. https://lnkd.in/emGQRT6S
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A growing number of CLOs in marketing are incorporating an important tweak to the post-reinvestment interest waterfall. Is this the first sign of a change in the market standard, or will CLO debt investors push back successfully?
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Catch up with Harriet Clunie-Wylde, Johan Zafra, Arjun Ahluwalia and Mike Peterson at the DealCatalyst NYC event. Did we mention we have a new line of hats?
Catch up with Harriet Clunie-Wylde, Johan Zafra, Arjun Ahluwalia and Mike Peterson at the DealCatalyst NYC event. Did we mention we have a new line of hats?