Beneath the triple C: US CLOs take a dip in the triple C as Europe watches from the sun lounger
The US CLO market bore the brunt of downgrades to triple C in July and August, with a total of $6.22 billion of paper affected. European CLOs enjoyed a more relaxing summer holiday, with only 1 name representing €33.88 million worth of bonds downgraded to triple C.  

Fracking servicer FTS files for chapter 11 protection
Fracking servicer FTS International filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas Houston yesterday. The credit is not widely featured in CLOs with only nine managers holding $47.9 million of FTI’s term loans

Insight joins list of firms to jettison plans for European CLOs
Insight Investment has shelved plans for a European CLO, according to market sources. It was planning to launch a deal named Oasis CLO 2019-1 via Bank of America Merrill Lynch. Sources say that some of the assets were transferred to Chenavari, which provided equity for the CLO warehouse.

Europe's CLO manager field set to get bigger as managers from all corners aim to break through
Regulation does not always impair activity

Liquidity and disclosure issues threaten potential CRE CLO market
Most investors that participate in the commercial real estate CLO market want to increase their exposure. But the lack of liquidity and standardised disclosure is holding them back.

CLO b-wic line-up: 100% of junior triple As in debut Insight CLO go up for sale
100% of the junior triple As in Insight Investment's first 2.0 CLO, Cutwater 2014-1, is available today with $45 million of the deal’s A1BR tranche currently circulating on a b-wic with price talk in the low 100s

London-based manager hires BAML to launch its debut European CLO
A large credit manager, with three US CLOs to its name, is preparing its debut European CLO 

Boutique US CLO manager refinances 2014 deal
Credit Suisse has cut coupons on a Cutwater CLO

Natixis prices US CLO refinancing for BNY affiliate, sources say
Natixis has refinanced four tranches from a boutique manager's 2014 vintage CLO, according to market sources
 

BNY affiliate changes tack as it selects RBC for latest CLO
A startup CLO manager is preparing its first deal of the year, according to market sources. The manager has selected RBC to arrange the deal, after working with Natixis on its previous CLOs