Mid-market CLO refis price from Cerberus and PennantPark
The two deals both priced their senior triple As at SOFR plus 135bps

PennantPark prints second new middle market CLO in two months
The private credit deal priced the top of the stack at SOFR plus 145bps

Back to the beginning for PennantPark with 2019 reset
PennantPark has reset its inaugural CLO deal from 2019, a middle market transaction, with the senior triple-As printing at 175bps above SOFR

2020 vintage MM CLO gets a reset
PennantPark has priced its third middle-market CLO offering of 2024, a reset of a 2020-vintage CLO that was the manager’s second transaction

Refi of PennantPark V middle-market CLO tightens triple-A by 90bps
Pennant Park has refinanced its PennantPark V CLO, a middle-market deal from late 2022

PennantPark goes short for latest MM CLO
The primary CLO market saw a rarity yesterday when PennantPark Investment Advisers priced the first short-dated middle market CLO of the year

GreensLedge prices new CLO for PennantPark
Middle market CLO specialist PennantPark Investment Advisers yesterday priced its first deal of 2024, marking its first primary market activity since August last year

PennantPark's mid market CLO volumes pass $2 billion after latest new issue
PennantPark Investment Advisors teamed up with BNP Paribas on Friday to print a new middle market CLO named PennantPark CLO VII

PennantPark prints this week's second new middle market CLO
Issuance for middle market CLOs by deal count for the week overtook figures for broadly syndicated CLOs on Thursday after PennantPark Investment Advisers priced a new $297.8 million transaction

Credit Rendezvous: Make yourself comfortable, there’s a storm coming
In our Q1 outlook, we speak to Edwin Wilches, PGIM (US CLOs), Mikkel Sckerl and Flemming Dose, Capital Four (European CLOs),  Jim Fitzpatrick, CQS (US loans), Loic Prevot, Polus (European loans), Madelaine Jones, Oaktree (global high yield), Art Penn, Pennant Park (US direct lending), Mattis Poetter, Arcmont (European direct lending), Keerthi Raghavan, Waterfall (structured credit), Ray Costa, Benefit Street (distressed), Grant Webster, Ninety One (Emerging markets), Oumar Diallo, Aeon (real assets) for their views for the upcoming quarter. 

Mid market CLO league tables: Golub gains ground on Blackstone with rare euro-tranche deal
Four managers - Blue Owl, Golub, Monroe and PennantPark - priced new issue mid market CLOs in September

PennantPark grows mid market CLO volume to $1.5 billion with fifth deal
PennantPark has priced its fifth middle market CLO, growing its total CLO issuance volume to $1.5 billion since making its 2019 debut

PennantPark prints mid market CLO with triple As at 170bp
PennantPark Investment Advisers on Friday priced its first middle market CLO of 2022

Mid market CLO league tables: the only record left to break in 2021
New issuance is still shy of the $16 billion set in 2018, but stands not far off at $15.62 billion

Credit Suisse plans mid market CLO push as it prices PennantPark deal
Credit Suisse arranged its first CLO backed by middle market loans in almost four years on Friday, pairing with PennantPark to print the manager's latest new issue deal

PennantPark wraps up 2020 with second mid market CLO via GreensLedge and Capital One
New York-based direct lender PennantPark Investment Advisers priced its second CLO in late December, teaming up once more with GreensLedge and Capital One to issue the $300.7 million deal

Two roads diverged in the CLO wood

Mid market CLO league tables: Golub and Natixis increase their leads
August saw over $2 billion of issuance in the mid market space with managers that have been active this year, returning managers and debut managers all pricing last month. 

CLOs at a glance

A round-up of CLO performance

PennantPark makes CLO market debut amid fundraising spree
PennantPark Investment Advisers, a New York-headquartered direct lending firm, yesterday priced its first ever CLO, becoming the US market’s eighth debut manager of 2019