Creditflux

Medalist prepares first CLO since 2019 rebranding
Medalist Partners Corporate Finance is preparing to price the first CLO under its own moniker, according to market sources

Anchorage prices second-ever reset in bond securitisation market
Anchorage Capital Group priced a reset of 2015-vintage bond-flex CLO Anchorage Credit Funding 2 on Friday, completing just the second CBO reset in this market’s history

Pacific AM prices first new US CLO in 18 months
Pacific Asset Management has sailed back into the CLO primary market with its first new issue deal since May 2018, becoming the first CLO manager to issue a five-year reinvestment CLO in 2020

Investcorp lines up new CLOs on both sides of the Atlantic
Investcorp Credit Management is gearing up to price new issue CLOs in both the US and Europe, according to market sources

Carlyle and Natixis prepare European CLO reset
Carlyle Group is poised to reset one of its European CLOs for another 4.5 years of reinvestment, according to market sources

DoubleLine to refi 2017 CLO without WAL extension
The wave of US CLO refinancings is getting bigger with DoubleLine Capital working with Citi to refi Parallel 2017-1, according to market sources

Euro loan trading: CLO managers find a home for building specialist's downsized loan
CRH Europe issued a €700 million term loan B in November, which was downsized from €900 million. But still, it has proved popular with CLO managers with CLO-i indicating that CLOs bought €275.2 million of the loan

CLO pipeline: no rest for the wicked as new issues hit the market
CLO market participants do not have the luxury of easing their way back to work with the new issue market up and running and a pipeline that is filling up fast 

Euro CLO volume could beat €25 billion consensus in 2020, says TwentyFour
Current spread tightening in Europe’s CLO market could boost issuance beyond the widely anticipated €25 billion for 2020, according to a note from TwentyFour Asset Management

High-spread CLO manager pre-markets short-dated deal
A CLO manager which is known for building high spread portfolios is pre-marketing a two year deal with price talk on the triple As at 120-125bp 

Palmer Square upsizes static CLO by $200 million and prices inside guidance
Palmer Square Capital Management priced a static CLO on Friday that was upsized by $200 million before pricing

CIFC prices refinancing of 2017 CLO
A busy week kicked off the new year with at least six CLOs in the market

TPG CLO points to tighter pricing across all ratings bands
TPG Capital has launched a new issue CLO via JP Morgan, with price talk pointing to tighter CLO liability pricing heading into the new year

Golub and Wells Fargo open 2020 CLO primary market
Golub Capital Partners has priced the first transaction in the CLO market this year

Price talk emerges as ICG markets first CLO reset of 2020
Warehouses might indicate a healthy pipeline for new issuance, but right now, managers test pricing with refis and resets

CLO refis come back in favour as PGIM and CIFC hit the market
PGIM and CIFC Asset Management launched US CLO refinancings this week via Bank of America and Citi, respectively, according to market sources. Price guidance on the triple A tranches indicates a solid opening to the year

Global 2019 CLO league tables at a glance
Global 2019 CLO league tables at a glance

Global mid market CLO league tables: Golub and Natixis lead by a distance
Golub Capital and Natixis dominated the mid market CLO space in 2019 in the manager and arranger league tables, respectively

Euro CLO league tables: new issues shatter 2018’s record but total issuance falls
The European CLO market continues to grow at a record shattering pace with 2019 new issuance volumes totalling €29.8 billion, an 8% increase on 2018’s previous record figure, from 53 active managers

US CLO league tables: CSAM makes it three in a row as Citi completes a clean sweep
The US CLO market suffered a drop in volume last year with $149 billion of issuance, down 43% on 2018’s $262.5 billion. But the heavy slump was not across all forms of CLO pricing, as new issues once again crossed $100 billion and only suffered a 6.5% fall

Palmer Square markets static deal as 2020 CLO primary market kicks off
Palmer Square Capital Management is out of the gate first in the 2020 CLO primary market

CBAM plans expansion with new $60 million credit facility
CBAM has closed a $60 million credit facility to refinance a working capital facility to its parent company Eldridge Industries

CRE CLO volume grew 40% in 2019, says Kroll, as Bridge preps first 2020 deal
$19.2 billion of CRE CLOs were issued last year - a 40% increase from 2018 figures. The first deal of 2020 is underway

Canaras prepares new issue US CLO return after 18-month break
Canaras Capital Management is preparing its first new issue CLO for over 18 months, according to market sources, and has hired Jefferies as arranger for the deal

Apex brings 2019's CLO market to a close with final transaction
Apex Credit Partners, the CLO management arm of Jefferies, brought 2019’s CLO market to a close on Christmas Eve by pricing the final transaction of the year