Investcorp looks to become first manager to reset a 2017 CLO18 hours ago
Investcorp Credit Management is setting itself up to be the first CLO manager to reset a deal that first priced in 2017
Euro CLO round-up: debt investors own the floor as tempo picks up1 day ago
It was one of those rare weeks in Europe when volumes surpassed the much larger US CLO market and, to cap it all off, spreads made a big jump tighter.
Spreads tighten 3bp as Axa IM prices first European new issue CLO for 12 months1 day ago
Triple A CLO spreads tumbled in Europe again on Friday as Axa Investment Managers priced its first new CLO in 12 months, according to market sources
ICG becomes third CLO manager to reset in Europe in one week1 day ago
European CLO reset volumes last week were higher than for the whole year running up to it, as Intermediate Capital Group on Friday became the sixth manager to price a reset on the continent in 2019
KKR resets 2016 euro CLO as triple A spreads drop back into double figures6 days ago
Triple A spreads tightened for the second consecutive day in Europe yesterday as KKR reset its 2016 CLO Avoca XVII
CLO pipeline: managers look to avoid a repeat of 2018 with new issue flutter7 days ago
US and European CLO managers are preparing to up the ante in September, but they will have to defy a trend set a year ago
PGIM scores Europe's tightest CLO print of 2019 as resets make a comeback7 days ago
PGIM yesterday reset its 2016 CLO named Dryden 48 via BNP Paribas, according to market sources, scoring the European market’s tightest triple A print of the year at 101 basis points over Euribor
Euribor floor becomes more valuable as CVC and Deutsche Bank ready CLO refi8 days ago
CVC Credit Partners is working with Deutsche Bank on a €316 million refinancing of its 2017 CLO named CVC Cordatus Loan Fund VIII
Global CLO league tables at a glance - August 2019 YTD12 days ago
Global CLO league tables at a glance - August 2019 YTD
Euro CLO league tables: back to earth in tandem as issuance nosedives12 days ago
August brought just €1.12 billion of issuance in the European CLO market across two refinancings and one reset, the quietest month since January when only €0.51 billion of European CLOs priced
US hedge funds use leverage to buy European CLOs12 days ago
Boca Raton-based hedge fund manager III Capital Management is leading the charge as US hedge funds employ leverage to buy European triple A-rated CLOs.
ICG goes short-dated route as it lines up 2013 European CLO reset12 days ago
Intermediate Capital Group is lining up a reset of its 2013 CLO named St Paul’s II, looking to optimise the term curve by renewing the reinvestment period for just two years
Ostrum set to return for second CLO after debuting in 201718 days ago
Natixis’s asset management division, Ostrum Asset Management, is readying a new issue CLO known as Purple Finance CLO 2, according to market sources
CLO pipeline: Carlyle and KKR plan swift re-entries21 days ago
Carlyle Group and KKR are included in the CLO pipeline this week as both managers have started marketing their latest transactions as the US CLO pipeline begins to look full after a quiet week
CLO pipeline: Golub and Sound Point to cement positions among market leaders28 days ago
Last week there were nine CLOs priced in the US market, including four broadly syndicated loan new issues and two middle market new issues, whereas there was no issuance in Europe. The CLO action over the next few weeks is again weighted towards the US, according to market sources
PGIM to join exclusive list of managers to reset, rather than refi, a euro CLO28 days ago
PGIM is set to join the small but growing list of managers to reset a European CLO this year, as the manager teams up with BNP Paribas to bring a reset of Dryden 48 Euro CLO
CLO pipeline: refis can't wait till after summer1 month ago
The CLO market in both the US and Europe looks to be slowing down in the near future with only two deals added to the running pipeline.
Spire prices CLO triple As at 105bp as Euribor rates slide1 month ago
Spire Partners scored Europe’s tightest triple A CLO print of the year yesterday with market sources indicating that this is a reflection of how attractive CLO tranches are given the recent drop in Euribor rates
CLO pipeline: US takes up baton after European July sprint1 month ago
The US CLO market is ready to kickstart issuance in August as nine deals have been added to the running pipeline.
Global CLO league tables at a glance - July 2019 YTD1 month ago
Global CLO league tables at a glance - July 2019 YTD
Euro CLO league tables: before the holidays is the best time to price a deal1 month ago
Over €5 billion of new issue CLOs was priced last month, the first time the market ever crossed that monthly threshold
Euro CLO spreads could tighten further as Spire targets 105bp triple A print1 month ago
Spire Partners is looking to bring Europe’s CLO market even tighter as it readies a reset of its inaugural deal named Aurium CLO I
Euro CLO managers ditch Moody’s as negative views rise1 month ago
European CLO managers have begun turning against Moody's as it has rapidly increased the number of loan issuers it has placed on negative outlook.
Chenavari double debt tranche CLO warehouse reduces up-front cash call1 month ago
Chenavari Investment Managers used a novel approach to warehousing its last European CLO, according to market sources. The firm priced Toro European CLO 6 on 12 July via Morgan Stanley, with sources indicating that the warehouse facility behind the deal had two debt tranches.
GSO prices tightest European CLO of 2019 with syndicated triple As1 month ago
GSO Capital Partners priced the tightest European CLO of the year yesterday with weighted funding costs 177.27 basis points over Euribor
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