CSAM lands third $700 million-plus US CLO refi of 2021
Credit Suisse Asset Management has priced its third CLO refinancing of the year with a par value above $700 million, meaning the manager can lay claim to the first, second and third largest refi transactions of 2021 so far

Greywolf upsizes 2013 CLO by over $120 million
Greywolf Loan Management has reset its oldest active CLO from 2013, named Greywolf CLO II, upsizing the deal by over $120 million in the process

Assured cuts 19bp from senior spreads with 2017 CLO refi
Assured Investment Management has refinanced three tranches of its 2017 CLO BlueMountain Fuji US CLO I, reducing the weighted funding costs across the tranches by 19.06 basis points

Creditflux and Debtwire unveil CLO stressed and distressed market analysis
The first edition of the CLO Distressed Roundup, a joint-report by Creditflux and Debtwire, takes a deep dive into the distressed and stressed loans held by CLOs as of December. Our report shows CLO portfolios are 10.2% stressed and 4.17% distressed, lower than not only the nadir of the pandemic in May, but also before the pandemic

PPM turns short dated CLO into full five-year deal with $408.8 million reset
PPM Loan Management has turned a three-year reinvestment CLO into a fully-fledged five-year transaction after pricing a $408.8 million reset via Morgan Stanley

Brigade and Barclays bond on brand new Battalion CLO
Brigade Capital Management has teamed up with Barclays on a new CLO for the second time as a partnership in less than a year

Golub goes from fixed to mixed in mid market CLO refi
Golub Capital Partners has refinanced the fixed-rate tranches of its 2017 vintage middle market CLO named Golub Capital Partners CLO 34(M), converting the bonds into a mix of fixed and floating-rate liabilities in the process

Sound Point docks 24bp from 2017 US CLO triple As
Sound Point has shaved 24 basis points off the triple A notes of its 2017 CLO named Sound Point CLO XVII with a refinancing

CLO pipeline: busy year, so let's take time to reset
The US CLO market this year has been dominated by new issues and refinancings, but now is the time of the reset judging by this week’s pipeline

State Street confirms European CLO loan purchases and appetite for US CLOs
State Street Corporation confirms it is a buyer of European CLO loan paper, following Creditflux breaking the news on Wednesday

Carlyle becomes latest CLO manager to issue enlarged triple B tranche
Carlyle Group has joined the small but growing group of US managers to issue a CLO with a thick triple B-rate tranche, according to market source

Barclays' head of middle market CLOs leaves bank
Barclays' middle market CLO head has parted ways with the bank

Madison matches mid-market tights with first CLO primary deal since July
Madison Capital priced its first CLO deal in eight months on Wednesday, teaming up with Wells Fargo to reset 2017's MCF CLO V for an extra four years of reinvestment

GoldenTree joins 2021's top five biggest CLOs with $707.1 million deal
GoldenTree Asset Management priced a $707.1 million CLO reset on Wedesday, catapulting the deal straight into the top five largest broadly syndicated loan-backed CLO transactions by volume for 2021

Ares joins group of tight US issuers with sixth tightest 2021 CLO
Ares Management became the eighth CLO manager of the year to issue a five-year deal with funding costs below 150bp on Tuesday by teaming up with Natixis on its latest issue named Ares LIX

Static CLO funding costs shrink to lowest since 2018 as Palmer Square issues
Palmer Square Capital Management issued a static CLO transaction on Tuesday, with funding costs of just 118.33 basis points over Libor

Goldman refis 2013 and 2017 CLOs for Axa IM and Napier Park
Goldman Sachs flexed its CLO refinancing muscles on Tuesday, arranging very different cost-cutting deals for Axa Investment Managers and Napier Park Global

Onex converts notes to loans in revamped 2019 CLO amid $457 million refi
Onex Credit Partners has completely overhauled the capital structure of its 2019 deal named OCP CLO 2019-16 as part of a refinancing, including converting parts of tranches originally issued as bonds into loan format

Beneath the triple C: resurfacing credits surpass divers as tide turns for CLOs
Upgrades above triple C overtook downgrades to that rating or below in February. Moody's or Standard & Poor's cut six corporate debt issuers to triple C or below in February, out of which just four can be found in CLO portfolios

MidOcean redistributes lead CLO PM responsibilities following departure
MidOcean has moved to cover gaps left by the exit of Jim Wiant, who was responsible for CLO strategies as well as its long-only, opportunistic credit customised strategies

Blackstone cuts spreads on post-reinvestment mid market CLO
Blackstone Credit has refinanced four tranches of a 2019 middle market CLO just over four months after the deal left reinvestment

HPS issues US CLO market's 15th single B tranche of 2021
HPS Investment Partners has become the 15th US CLO manager of the year to issue a single B tranche, bringing the total issuance of the liability class for 2021 up to $108.8 million

Barings' new US CLO joins group of tight 2021 prints
Barings has produced its first new CLO of 2020, teaming up with JP Morgan on the $359.2 million deal named Barings CLO 2021-I

US CLO league tables: CLOs put on extra weight in February
Deal sizes increase as demand soars

Global CLO league tables - February 2021 YTD
Global CLO league tables - February 2021 YTD