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US CLO league tables: Blackstone takes new issue lead amid monthly new issue record
2 years ago
The US CLO market priced $23 billion of new issues in November, setting a record for most new issuance in a month in the 2.0 era -
Palmer Square opts for short tenor as it resets late 2020 CLO
2 years ago
Palmer Square Capital Management has opted for short duration in teaming up with JP Morgan to reset its late 2020 CLO named Palmer Square CLO 2020-3 -
CLO lower cap stack will outperform with $175bn new issuance in 2022: JP Morgan
2 years ago
Equity and lower rated tranche investors will do best as $175 billion of global new CLO issuance arrives in 2022, predict JP Morgan strategists in their annual outlook, taking market size to $1.2 trillion -
New Carlson and Silver Rock CLOs pull daily issuance over $2 billion yet again
2 years ago
Daily CLO issuance volume on Tuesday surpassed $2 billion for the second consecutive day, with the total including new deals from Carlson Capital and Silver Rock -
It's All Relative: CQS, Capital Four and Tikehau look for CLO breakthrough as debutant premiums drop
2 years ago
The number of US CLO issuers in 2021 could be about to reach 106 with Capital Four, CQS and Tikehau looking to price debut deals, with price talk set at ambitious levels -
CLO issuance set for big slump as managers relax on Sofr: JP Morgan
2 years ago
CLO new issue supply will likely decline sharply from this month to next, with the rush to complete deals ahead of the transition to Sofr base rates having added to November's historical heavy weighting over December, say JP Morgan structured credit strategists -
US CLO league tables: Palmer Square stands tall in land of the CLO giants
2 years ago
The US CLO market has extended its run of incessant issuance with October having added $39.98 billion of CLO paper to the year’s tally, making it the second most productive month this year for overall and new issue volumes -
Credit bull run falters as central bank glow abates
2 years ago
Thoughts that the credit market had taken a positive directional shift are turning, after Tuesday’s session has brought a sizeable retracement wider, but credit strategists predict an overall firming of tone into the end of the year off the back of dovish central bank meetings -
CLO resets drive equity returns to highest in five years: JP Morgan
2 years ago
Equity investors in US CLOs are earning, on average, the biggest returns of the past five years, finds JP Morgan – with deals reset this year having done most to raise the numbers -
Benefit Street upsizes 2019 CLO by over $50 million with new reset
2 years ago
Benefit Street Partners has teamed up with JP Morgan to reset Benefit Street Partners CLO XVIII, upsizing the deal by over $50 million in the process -
NYL and TCW each refinance legacy CLOs
2 years ago
New York Life Investment Management and TCW Group each refinanced a CLO on Thursday, with the two deals together worth almost $700 million -
These CLO docs could be better
2 years ago
It seems there’s not much to worry about if you’re in the CLO market. In Creditflux’s CLO Census, voters said docs should follow a template as Jefferies, AGL and Hayfin emerge as rising stars -
CLO Census results: Citi and JP Morgan still top in US but Jefferies breaks through in Europe
2 years ago
Citi and JP Morgan are the clear favourites in US CLO arranging – the pair are locked in a close battle for supremacy over deal volumes and they have been voted joint-best at US CLO execution, according to the results of Creditflux’s CLO Census -
Angelo Gordon inserts loan tranche as it prints second-largest CBO ever
2 years ago
Angelo Gordon has issued the second-largest bond-heavy CLO in the market, teaming up with JP Morgan to print the $847.7 million deal named AG CC Funding II -
US CLO pipeline: Go long! Refis fall from favour as AMMC looks to join list of 2021 issuers
2 years ago
The only record left to fall this year in US CLOs is 2017’s refinancing total of $102.8 billion with the market $6.3 billion shy. Yet this segment shows little interest to break more records with the pipeline filled with new issues and resets as longer tenured deals are preferred. -
JP Morgan arranges $1.5 billion of CLO resets for three managers
2 years ago
JP Morgan has arranged a cumulative $1.5 billion of CLO resets by printing deals for Allstate Investment Management Company, Pretium Partners and Orix Advisers -
Capital structure revealed for Beach Point debut CLO
2 years ago
The world welcomed a new CLO manager on Friday as Beach Point Capital Management issued its inaugural deal via JP Morgan -
AGL upsizes debut CLO by $54 million with reset
2 years ago
AGL Credit Management reset its debut CLO from 2019 named AGL CLO I on Friday, upsizing the deal by $54 million in the process -
Carlyle and Fort Washington add to surging CLO refi volume
2 years ago
Carlyle Group and Fort Washington has each refinanced a 2019 CLO at over $500 million -
CLO resets top $2 billion for second day this week
2 years ago
CLO reset volume topped $2 billion on Thursday as Antares Capital Management, CIFC Asset Management and Shenkman Capital Management each reworked older deals -
CLO resets flood in with $2 billion printing across five deals
2 years ago
Five US CLO resets priced between Friday and Monday for a total volume of over $2 billion, covering a wide array of managers and different CLO vintages -
Award-winning CSAM prints US CLO at market tights
2 years ago
Fresh off being crowned Creditflux Manager of the year, Credit Suisse Asset Management has price its fifth new US CLO of 2021 with triple As coming in at market tights of 114 basis points -
KKR joins exclusive group of six-time US CLO issuers in 2021
2 years ago
KKR Credit teamed up with JP Morgan on Monday to print its sixth US CLO backed by broadly syndicated loans of 2021, becoming the seventh manager this year to complete this feat -
PPM teams with JP Morgan for first time on new CLO
2 years ago
PPM America priced its fifth CLO of the 2.0 era on Friday, teaming with JP Morgan as arranger for the first time -
Diameter circles back quickly to produce second CLO
2 years ago
Diameter Capital has followed up its debut CLO in late June by pricing a follow-up in quick fashion.
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