Creditflux

PGIM resets European CLO to cross €2 billion in 2019 issuance
PGIM reset its 2015 European CLO today, Dryden 35, via Goldman Sachs. It takes the PGIM’s 2019 European CLO volumes pass €2 billion

Onex resets debut euro CLO with triple As printing at 100bp
Onex Credit Partners has reset its debut European CLO via JP Morgan, as demand for triple A-rated euro CLOs continues to soften

Oak Hill takes Q4's US reset tally to three with $593 million CLO
Oak Hill Advisors has reset a 2015 vintage CLO for the second time, clocking just the third reset of a US CLO in the fourth quarter of 2019

MJX combines fixed and floating triple As for 2016 CLO refi
MJX Asset Management yesterday refinanced the triple A notes of its 2016 vintage CLO named Venture XXV via Citi

Oak Hill prices first CLO transaction in Europe this year with refi
Oak Hill Advisors on Friday priced its first 2019 CLO transaction in Europe, teaming up with Morgan Stanley to refinance the triple A notes of Oak Hill European Partners V

CSAM becomes 10th manager to reset European CLO in 2019
Credit Suisse Asset Management priced a €481.9 million reset of its 2016 European CLO named Madison Park Euro VIII, according to market sources, becoming just the 10^th European CLO manager to reset a deal this year

GSO adds turbo tranche feature to European CLO as part of reset
GSO Capital Partners has issued a novel single B-rated European CLO tranche that is designed to amortise quickly

CSAM returns to top of US league tables after large CLO reset
Credit Suisse Asset Management retook its spot atop Creditflux’s 2019 league tables for US CLO issuance on Friday after pricing its 11^th transaction of the year, and its fourth at a $700 million-plus deal size

Past returns: Bond king’s exit ends CLO refis
Five years ago in Creditflux, we reported on a market absorbing the consequences of ‘bond king’ Bill Gross leaving Pimco, the firm he co-founded.

KKR bucks trend to refinance older vintage CLO from 2014
KKR Credit partially refinanced its 2014 vintage European CLO named Avoca CLO XI yesterday, according to market sources

Sculptor prices second CLO refi since rebranding
Sculptor Loan Management on Friday priced a $522m75 million CLO refinancing via Barclays, marking its third transaction, and second refi, since rebranding from Och Ziff Loan Management

ICG tightens triple A spread in refi of 2017 CLO
ICG has brought its second US CLO of 2019, having focused on European business in the first half of the year 

GSO and Deutsche Bank unite to refinance 2017 European CLO
GSO Capital Partners has teamed up with Deutsche Bank to refinance the triple and double A debt of its 2017 CLO named Palmerston Park

Voya prices short reset of its oldest active CLO from 2012
Voya Alternative Asset Management has brought back the three-year CLO reset, pricing the first of these short transactions since August

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

65bp emerges as euro refi benchmark as CVC refinances 2015 CLO
Refinancings continue to re-emerge as a popular option in Europe’s CLO market, as CVC Credit Partners today joins the growing list of managers to reprice, according to market sources

Cairn teams up with NatWest and GreensLedge for first-time CLO partnership
Cairn Capital is working with NatWest Markets and GreensLedge to refinance its 2016 vintage CLO named Cairn CLO VII

BNP Paribas AM refinances 2017 CLO triple As at 65bp
European CLO refi spreads edged tighter today for the second time in as many days as BNP Paribas Asset Management repriced the triple A tranche of its 2017 deal known as BNPP AM Euro 2017

Carlyle brings short CLO paper tighter with euro triple A refi
Short CLO spreads inched tighter in Europe yesterday after Carlyle Group refinanced the triple A notes of Carlyle GMS Euro 2013-1 at 66 basis points over Euribor

Symphony prices unusual post-reinvestment CLO refi
Symphony Asset Management has taken the rare step of refinancing a post-reinvestment CLO, according to market sources

THL joins group of managers to refinance 2017 CLOs
THL Credit Advisors yesterday joined the short but growing list of managers to refinance a 2017 CLO, according to market sources

AMMC returns to CLO primary market after 11-month hiatus
American Money Management Corporation yesterday became the 115^th active CLO manager in 2019 after pricing its first transaction since November last year

Trinitas refinances 2017 CLO without renewing its call-lock
Trinitas Capital Management on Friday refinanced two tranches of its 2017 deal Trinitas CLO VI, according to market sources

Investcorp resets and upsizes 2017 European CLO
Investcorp Credit Management has reset and upsized its 2017 CLO named Harvest CLO XVII, according to market sources

Spire becomes first manager to refinance 2017 European CLO
Spire Partners yesterday became the first European CLO manager to refinance a 2017 vintage transaction, according to market sources