New York Life prints USD 750m of CLO paper across two deals
The manager priced a new BSL issue and 2019-vintage refi over consecutive days this week

NY Life Investments acquires stake in European mezz specialist
New York Life Investments and affiliate Candriam has agreed to take a 40% stake in Andera Partners, a European investment manager specializing in PE investments and mezzanine debt

New York Life prices its sixth US BSL CLO of year
The latest new issue US BSL CLO from NYL Investors priced with triple-A coupons priced at SOFR plus 133bps, in keeping with recent tights

Rockford Tower and New York Life print new US CLOs
Rockford Tower and New York Life have both priced similar new BSL CLOs, with one arranged by Deutsche Bank, and the other by Morgan Stanley

NYL Investors adds to US reset CLO wave with ’21-vintage reworking
NYL Investors has priced a USD 463.6m reset of a 2021-vintage CLO arranged by Mizuho

New York Life prints tight with latest CLO issue
New York Life matched new-issue US BSL tights for the year with its third CLO of 2024, and set a new single-A level

New short-dated CLO brings triple-As down to 132bps
New York Life priced a rare short-dated new-issue US BSL CLO yesterday as its latest offering in its Flatiron series, in an upsized transaction 

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

NYL Investors prices new US CLO
New York Life Investment Management has returned to the CLO market for the first time since March, pricing a new USD 406m transaction this week

New York Life Investments taps member of Jefferies credit team

New York Life Investments has hired a member of the Jefferies Credit Partners loans team as director of high yield and leveraged loans

New York Life ends 16-month new issue absence with new CLO
New York Life Investors priced a new CLO via JP Morgan on Monday, bringing to an end a 16 month absence from the new issue space

US CLO pipeline: issuers takes credit sell-off in their stride as supply picks up
Despite the collapse of Silicon Valley Bank and Signature Bank in the last week, the CLO machine has continued to churn with just shy of $5 billion of US and mid market CLO issuance this week

CLOs can weather a short recession, but maybe not a long one, conference hears
The US economy is likely to enter a recession in the first half of 2023, attendees at IMN's ABS East conference heard on Tuesday. While the severity of the downturn is unknown despite the Federal Reserve aiming for a 'soft landing', CLOs are well positioned to weather the storm - as long as the recession is contained in a relatively short period

Dam breaks as first fully Sofr-CLOs shed light on price discovery
AB, Palmer Square Capital Management and New York Life Investment Management on Friday became the first CLO managers of deals with a full capital stack linked to Libor replacement rate Sofr, shedding light on the price discovery process after weeks of speculation

Voya shaves 28bp with refi of 2019 CLO
Voya Alternative Asset Management priced a refinancing of Voya 2019-3 via GreensLedge on Friday and reduced the CLO’s cost of debt by 28.3 basis points

NYL and TCW each refinance legacy CLOs
New York Life Investment Management and TCW Group each refinanced a CLO on Thursday, with the two deals together worth almost $700 million

Global CLO trading lab: Seasoned equity prices lag as debt spreads level out
The CLO secondary market took a back seat to the surging primary market in August and September with secondary US CLO volume accounting for just 3.7% and 4.2% of the total US CLO market (primary and secondary volumes). But opportunities are there in CLO equity tranches

NYL prints second new CLO of 2021
New York Life Investment Management returned to the CLO primary market on Monday to print its second new deal of 2021

NYL returns to CLOs with $511 million first-time pairing via Credit Suisse
New York Life Investment Management priced its first new issue CLO in seven months on Thursday

CLO pipeline: US market on track for June boom
CLO issuance is set to boom in the coming weeks with the pipeline ballooning as the market looks ahead to June

CLO refi paper worth $1.61 billion hits market
Five managers have printed transactions worth a combined $1.61 billion over the last few days, in a CLO refinancing bonanza 

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

CSAM and NYL hit market with $1.2 billion of CLO refi paper
Credit Suisse Asset Management and New York Life have eached priced a CLO refinancing, with the two transactions totalling $1.17 billion

Barclays prices CLO refis for Kayne Anderson and NYL
Barclays priced two CLO refinancings on Friday, reworking deals managed by Kayne Anderson and NYL Investors. These total $742 million, meaning the US CLO market absorbed $8.42 billion of refi paper in January - or 38.55% of the total refis priced in 2020

CLO M&A to pick up with underperformers at risk
CLO manager consolidation is expected to be elevated into 2021 as the market recovers from the aftershock of covid-19