CLOs at a glance (June 2021)
A listing of CLOs that have priced in the last month

Lighten up, these are due an upgrade
CLO triple C buckets were overflowing last year, but the average exposure is now 7.3%. That is still close to trigger levels, but CLO managers are relaxed, as further loan upgrades are on the horizon

Wellfleet CLO reset employs unusual reinvestment duration
Wellfleet Credit Partners priced an unusual CLO reset on Wednesday that extends the reinvestment period of its 2019 deal, Wellfleet CLO X, by 10 months

Wellfleet prints first new CLO of 2021
Wellfleet Credit Partners priced its first CLO of 2021 on Friday, teaming up with Citi to issue the $406.5 million deal named Wellfleet CLO 2021-1

CLO pipeline: snow business like the CLO business
CLO issuers are putting aside the cold snap and are warming up with a flurry of deals.

Wellfleet completes first new issue CLO in partnership with Credit Suisse
Wellfleet Credit Partners on Friday priced its first CLO following the coronavirus pandemic outbreak, and its first CLO arranged by Credit Suisse

Wellfleet and Credit Suisse team up for first CLO new issue together
Wellfleet Credit Partners is readying its first new CLO since the pandemic outbreak, and is working with Credit Suisse as arranger

CLO pipeline: break's over - time to print deals
The CLO market has taken a slight pause after the independence holiday in the US last weekend, meaning the CLO pipeline includes a backlog

Another $1.68 billion of US CLO paper is refied
Four CLO refis worth $1.68 billion priced on Wednesday and Thursday of this week, with the 2017 vintage still appearing the most attractive

Wellfleet upsizes US CLO as it splits triple A tranche in two
US new issue CLO volumes passed $6 billion for the year today after Wellfleet Credit Partners priced its latest offering via Morgan Stanley

Wellfleet partners with Goldman Sachs for first time to market new CLO
Wellfleet Credit Partners is in the market with its first new issue CLO to be arranged by Goldman Sachs, according to market sources

Wellfleet joins exclusive list of CLO managers to refinance 2017-era CLOs
Wellfleet Credit Partners on Friday joined the growing trend of managers refinancing 2017-vintage CLO first-pay notes

Global CLO round-up: it's time to rethink benchmarks
The CLO market broke out of holiday mode last week by presenting strong issuance on both sides of the Atlantic - $2.8 billion in the US and €1.6 billion in Europe. High volumes have brought with them bigger shifts in market dynamics. This week put the focus on tightening spreads, as benchmark triple A levels dipped.

Wellfleet teams up with Citi to issue $404 million CLO
Wellfleet Credit Partners has priced its latest CLO offering named Wellfleet CLO 2019-1, according to market sources

Controlling equity stake in 2018 CLO fails to trade in secondary market
Over 90% of an equity tranche from a 2018 Sound Point Capital Management CLO was available on b-wic yesterday but failed to trade  

Wellfleet reworks its debut CLO for a third time in $325 million reset
Wellfleet Credit Partners has teamed up with Morgan Stanley to rework its inaugural 2015 vintage CLO for a third time, according to market sources

Wellfleet prices triple As tight of market average after issuing CLO via Mizuho
Wellfleet Credit Partners teamed up with Mizuho on Friday to launch a new issue CLO named Wellfleet CLO X

Mizuho wins first new issue CLO arranger mandate since 2015
Mizuho is marketing its first new issue CLO since 2015, having scored the mandate to arrange the forthcoming 10th CLO to be managed by Wellfleet Credit Partners

CLO portfolio managers score promotions at Wellfleet
Wellfleet Credit Partners, the performing credit arm of Littlejohn and co., has promoted its two CLO portfolio managers Scott McKay and Dennis Talley to managing director, according to a statement from the firm. Wellfleet also announced that Jeff Tynik has been promoted to senior credit analyst and loan trader

Wellfleet prices third new issue CLO of 2018
Wellfleet Credit Partners has moved close to $4 billion CLOs under management, after pricing a $407.5 million new issue deal on Friday via Bank of America Merrill Lynch

Wellfleet cuts triple A spread by 51bp in second CLO refi of October
Wellfleet Credit Partners has returned to the CLO refi market for the second time this month to rework Wellfleet CLO 2016-2

Wellfleet refinances CLO's triple As after leaving them untouched last year
Wellfleet Credit Partners priced a partial CLO refi yesterday in a $230.75 million transaction

Wide CLO pricing need not be a drag
Established managers can price CLO liabilities at attractive levels, but we find that CLOs saddled with higher financing costs have nevertheless been among the market’s outstanding performers

Global CLO round-up: buttermilk-shakes things up as CLO spreads go everywhere
Ahead of the US Labor Day weekend, CLO issuers have been grafting away with $6.5 billion pricing across the US market through 11 deals

Wellfleet prices its second new issue CLO of the year
Wellfleet Credit Partners priced its eighth-ever new issue CLO yesterday following a $508.6 million transaction