Creditflux

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  

Correction: US CLO round-up: newcomers make waves in CBOs and mid market
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

HPS shakes things up with first three-year CLO
HPS Investment Partners has shaken up its CLO reinvestment strategy to price its first short dated-deal

Euro CLO round-up: benchmark ruffles up, but junior tranches sit tight
CLO triple A benchmark levels underwent a shake-up last week as Credit Suisse Asset Management and HPS Investment Partners brought deals to the market with first-pay tranches printing above the recent benchmark of 108.5 basis points

HPS prints triple As at 111bp in latest European new issue CLO
HPS Investment Management has priced a new CLO in Europe named Aqueduct EUR CLO 4, with triple As printing at 111 basis points over Euribor

Tail wags dog as European CLOs' 108bp benchmark drags loans
European CLOs usually price on the back of where underlying loans are printing, but this year the reverse looks to be true

HPS returns to European primary CLO market with Aqueduct deal
HPS Investment Partners has priced its third new European CLO, following a €411.6 million deal arranged by Citi

Euro CLO round-up: five deals hit pipeline after BlueMountain keeps up momentum
BlueMountain Fuji CLO Management ended its seven-month absence from the new issue European CLO market and also broke the market’s silence this week. The firm partnered with Deutsche Bank to price its fourth deal in Europe - BlueMountain Fuji Euro CLO IV.

HPS takes leaf from Ellington's CLO book with 50% triple C bucket
HPS Investment Partners has priced its inaugural high-triple C bucket CLO via Citi

HPS markets CLO via Citi with 50% triple C bucket
HPS Investment Partners is set to become the largest manager to date to launch a CLO with a 50% triple C allowance

HPS prices first five-year CLO of the month
HPS Investment Partners has priced a $517 million reset of its 2015 deal named HPS Loan Management 5-2015

Deutsche Bank's CLO desk wins new client after pricing HPS deal
Deutsche Bank has issued its first CLO transaction in partnership with HPS Investment Partners

HPS prices $458.75 million CLO reset via Goldman
HPS Investment Management priced a $458.75 million CLO reset on Friday

HPS set to add junior triple As to 2016 CLO in $515.98 million reset
HPS has mandated Goldman Sachs to reset its $515.98 million CLO, HSP Loan Management 8-2016, according to a presale report from Standard and Poor’s

HPS gets off the mark with first new issue CLO of the year
HPS Investment Partners priced its first new issue deal of the year yesterday in a $510.55 million transaction arranged by Bank of America Merrill Lynch

B-wic round-up: above par bids flood in for CLO double Bs
$401.43 million worth of CLO paper was available via b-wics last week out of which $378.23 million (94.2%) traded, according to CLO-i

US CLO round-up: Unfazed by risk retention uncertainty, a busy market tests reissue and L-shape trends
Qualms about the future of risk retention regulations have not impeded a busy week in primary market CLOs, with managers dabbling in reissues, L-shaped deals and shorter non-calls

Goldman Sachs prices first CLO reset since risk retention verdict
A New York manager has priced its second CLO reset of the year via Goldman Sachs

US CLO round-up: spreads tighten as investors get comfortable with cushions
2018 is off to a promising start with the US CLO market having produced $7.0 billion of issuance

CLO reset spreads tighten as HPS knocks 4bp off last year's tights
HPS Investment Partners has priced its first CLO transaction of the year

European CLO triple As tighten for third time in as many weeks after HPS prices
HPS investment partners priced its second European CLO - and it has attracted significant demand.

HPS prepares to price its second European CLO
HPS investment Partners is finalising its second European CLO transaction

CLO tranche investor follows colleagues to HPS for structured credit build out
According to market sources, an experienced CLO buyer has moved to HPS Investment Partners

HPS sets new benchmark for CLO triple A pricing after resetting 2014 deal
Senior US CLO spreads continue to grind tighter with HPS Investment Partners yesterday resetting a 2014 deal and in the process achieving a 118 basis point print on its triple As

Ares and KKR score five-year resets for US CLOs
Amid a burst of US CLO new issue activity, Friday saw two relatively rare five-year resets