What do reset deals have in common?
Is it possible to predict which deals are likely to be reset next? With reset mania continuing to grip the US CLO market, we search for common factors among 2014-2021 deals that were reset

Relative to Airbus, Boeing was long accountants but short engineers
A qualitative approach can help investors spot boards that are too focused on short-term returns

AMCC resets 2020 vintage US BSL CLO
American Money Management Corporation on Tuesday reset AMMC CLO 23, a BSL CLO from 2020

2017 vintage CLO gets second refi
Sculptor has undertaken a second partial refinancing of its 2017-vintage OZLM XVII via Santander

Second CLO with a large loan format tranche prices in as many days
Trinitas Capital on Friday priced Trinitas CLO XXVIII, a new BSL CLO with a USD 128.5m triple-A loan tranche

Apogem resets 2018 vintage MM CLO
Apogem Capital, the alternative investment vehicle owned by New York Life, has reset MCF CLO VIII, a middle market CLO

2020 CLO gets a reset and a big upsize
AGL Credit Management has priced a reset of AGL CLO 9, a 2020 BSL CLO, with a USD 123m upsize in the debt tranches 

KKR resets 2020 vintage US CLO
KKR on Thursday reset its 2020 vintage KKR CLO 32, with Bank of America acting as the arranger of the deal.

Marble Point refinances late 2020 vintage US deal
Marble Point Credit Management priced a refi of four tranches of Marble Point CLO XIX last week

Thirty years strong - new S&P report highlights resilience of CLO structures
If you’re feeling battered by the relentless Altice coverage, S&P Global Ratings has come out with a timely reminder that dealing with distress is something CLOs do exceptionally well

Shenkman refis three tranches of 2015 vintage BSL CLO
Shenkman Capital Management has refinanced three tranches of a BSL CLO from 2015. CIBC was the sole arranger of the refi.

Onex is latest manager to reset a 2020 vintage
Onex Credit Partners has reset its OCP CLO 2020-20 deal, joining other 2020 resets like Flatiron CLO 20 and Owl Rock CLO III

Global Loan Highlights 1Q24: Don’t call it a comeback
Loan refinancing share hits historic high, but IG issuance stymies YoY global growth

NYL Investors keeps it short for 2020 reset
This week’s return of NYL Investors to the CLO market took the form of a short-dated reset of Flatiron CLO 20

February 2024 US Leveraged Highlights
Debtwire today releases the February 2024 US Leveraged Highlights, featuring key trends in the leveraged loan and high-yield bond markets.

Blue Owl pulls off tight reset for 2020 middle market CLO
Another Covid-era middle market deal was restructured yesterday, as Blue Owl pulled the trigger on a USD 395.31m reset 

Apollo launches new BDC backed by Mubadala
Apollo has created a new private BDC that will invest money from Abu Dhabi-based sovereign wealth fund Mubadala Investment Company, in addition to other institutional investors.

Invesco renames and resets 2020 vintage US BSL CLO
Invesco renamed its 2020-vintage Lucali CLO as part of a reset last week, in a transaction that upsized the value of the deal 

Sixth Street refinances 2017 vintage US CLO
Sixth Street has priced a partial refi of TICP CLO VII, a 2017 vintage US BSL CLO that was reset in 2020

How many CLOs will be reset?
Tightening liability spreads aren’t just driving record new CLO issuance this year — they’re also triggering a wave of resets and refinancings in the US, especially for broadly syndicated CLOs

How many CLOs will be called this year?
Most CLOs are called when loan market prices are high. Distributions and equity NAV are also important, and they suggest that over 30 2017 and 2018 deals are now ripe for redemption

Bain keeps it short for reset of 2020 vintage CLO
Bain Capital Credit has reset Bain 2020-5, a US BSL CLO, in a USD 372m transaction

CSAM adds new US BSL deal
Credit Suisse Asset Management has priced Madison Park Funding LXVII, a USD 500m new US CLO.

Ares chooses partial refi for giant 2015 vintage US BSL CLO
Ares has issued a partial refi of Ares XXXIV CLO, refinancing the triple A tranche of the 2015 vintage deal

Trinitas features two fixed rate tranches in latest US BSL CLO
Trinitas Capital Management has priced Trinitas XXVII, a USD 507.90m new issue BSL CLO with two fixed rate tranches