US CLO league tables: old deals get a fresh start in the new year19 days ago
The majority of CLO issuance last month was in all forms of repricings, which totalled $4.8 billion and accounted for 54.5% of US CLO volumes
US CRE CLO growth spurt encourages Europeans19 days ago
The US CRE CLO market hit a record $19.2 billion in 2019 and sources say that a first ever European deal will be issued this year. They cite the growing commercial mortgage direct lending market on the continent as laying the foundations for a European CRE CLO.
KKR goes for three years of reinvestment to capitalise on steep CLO term curve26 days ago
KKR Credit has priced the first three-year CLO of 2020 as the manager looks to capitalise on a steeper term curve
CLO pipeline: Medalist ascends podium as new issues pace themselves1 month ago
CLO managers are biding their time before re-entering the primary CLO market, but this week Investcorp Credit Management, KKR and Medalist Partners are marketing new issue US CLOs
Global CLO b-wic round-up: Junior mezz covers return while triple A supply drives big week3 months ago
Narrowing of the bid-ask gap that has plagued junior mezzanine tranches could bring a change of fortunes in the US CLO secondary market
Euro CLO league tables: refi market opens up to give KKR best of both worlds3 months ago
European CLO issuance in October crossed €5 billion for the second month this year as managers took advantage of falling spreads and increased demand. In one example, KKR obtained tight senior CLO financing to go with tight mezz spreads from 2017 in a demonstration of expert timing
KKR bucks trend to refinance older vintage CLO from 20143 months ago
KKR Credit partially refinanced its 2014 vintage European CLO named Avoca CLO XI yesterday, according to market sources
Kroll fires back at ‘factual errors’ in WSJ CLO rating report4 months ago
Kroll Bond Rating Agency has hit back at the Wall Street Journal article that suggested the firm gives higher ratings to CLOs than its competitors
Euro CLO league tables: repricings take centre stage in bumper month as CVC leaps into first4 months ago
The European CLO market returned with a bang in September as €4.8 billion of issuance priced of which €2.7 billion was in repricings.
Euro CLO round-up: debt investors own the floor as tempo picks up5 months 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.
US CLO round-up: Fed up of waiting5 months ago
The US CLO market made a bright start this year, but 2019 now lags 2018 and 2017 after a weak August checked its momentum. This has left some pinning their hopes on a favourable outcome to the US Federal Reserve meeting this week, amid political overtures to up its game in the wake of the European Central Bank's stimulus package
KKR becomes latest CLO manager to adopt mascot feature5 months ago
KKR Financial Advisors yesterday became the latest manager to adopt the 'mascot' feature in its latest new issue CLO, known as KKR CLO 27
KKR resets 2016 euro CLO as triple A spreads drop back into double figures5 months ago
Triple A spreads tightened for the second consecutive day in Europe yesterday as KKR reset its 2016 CLO Avoca XVII
CLO pipeline: Carlyle and KKR plan swift re-entries5 months 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
Triple As could dip back into double digits as KKR plots Europe's largest CLO of 20196 months ago
Triple A CLO spreads could be about to dip below 100 basis points again in Europe as KKR markets a reset with price talk ranging from 99 to 102bp over Euribor
KKR splits double A tranche into fixed and floating as it prices US new issue CLO7 months ago
KKR Credit has issued its third third new CLO of the year. One crucial difference between marketing and pricing was the split in the double A tranche into a fixed rate and floating rate tranche
KKR looks to price third new issue US CLO of 2019 amid tighter market7 months ago
KKR Credit is targeting its third new CLO of the year. KKR CLO 26 is being marketed by Credit Suisse and is set to price at tighter levels than the other KKR CLOs that have been issued this year, judging by price talk
Mid market CLO league tables: Natixis and Golub reign supreme7 months ago
June brought just three middle market CLOs pricings with two new issues and one refinancing that totalled $1.6 billion, bringing the year-to-date volume to $9.9 billion. Natixis is the leading arranger, having a hand in 38% of deals
Mid Market CLO league tables: Middle market continues to draw fresh faces8 months ago
Golub Capital continues to top the manager rankings, however below the established middle market CLO managers sit a couple of newcomers.
Correction: US CLO round-up: newcomers make waves in CBOs and mid market8 months ago
The CLO market is showing little sign of constraint as three new names entered the market last week – two debut middle market deals priced while one US CBO closed
KKR and FS's BDC upsizes first mid-market CLO and prices8 months ago
KKR and FS Investments’ business development company, FS KKR Capital Corp, yesterday priced its new issue CLO via Citi, according to market sources
CLO pipeline: Black Diamond looks to brush itself off and jump back in ring after year out8 months ago
Black Diamond Capital Management features twice in our CLO pipeline this week, as the firm is planning a return to both the European and the US CLO market.
KKR and Citi price largest CLO refi of 20199 months ago
CLO refis continue to build popularity since a slow start to the year. On Friday KKR Financial Advisors refinanced its 2016 CLO named KKR CLO 16, which edged in as the largest CLO refi of 2019 to date
KKR and FS Investments' BDC platform markets new issue CLO9 months ago
KKR and FS Investments’ business development company, FS KKR Capital Corp, is marketing a new issue CLO via Citi named FS KKR MM CLO 1
US CLO round-up: floodgates open in land of the giants10 months ago
The CLO market is starting to look like its old self again as deals came rushing in this week with eight new deals and one reissue and one reset pricing, totalling $3.77 billion.
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