CLO single B tranche buyers emerge from above and below
CLO single B tranche buyers emerge from above and below

Trinitas locks in triple As with $736.5 million CLO reset
Trinitas Capital Management, the CLO manager of Dallas-based WhiteStar Asset Management, has priced a $736.5 million reset of its 2017-vintage deal Trinitas CLO VI via JP Morgan

At least 2020 wasn’t dreadful for CLOs
Last year’s downturn was another in which CLOs survived and in many cases thrived as active management and Libor floors helped managers deliver 13%-plus returns to equity

Trinitas teams up with Natixis to refinance amortising CLO tranches
Trinitas Capital Management, the CLO management vehicle linked to Dallas-based Whitestar Asset Management, has priced its first transaction in the CLO primary market of 2021

Senior spreads tighten as Trinitas prints post-pricing upsize of November CLO
Trinitas Capital Management has upsized the CLO it priced in November, named Trinitas CLO XIV, by just over $50 million

Trinitas prints first CLO following Clearlake aquisition with five-year deal
Trinitas Capital Management, the CLO management vehicle affiliated with Dallas-based WhiteStar Asset Management, has priced its first CLO since being bought by Clearlake Capital in June

CLO pipeline: New issuance pause ends as managers look to gain from rallying spreads
It is two and a half weeks since the last US CLO new issue priced, but that is set to change and Bridgepoint’s debut European transaction on Friday brought an end to Europe’s own two-and-a-half-week primary break

Libor basis risk undermines Q3 CLO equity distributions
A technical issue for CLO Libor reset dates in April has hammered July equity payments, leading to a roughly 1% cut to equity cash flows for the second quarter

Pine Brook sells CLO firm WhiteStar
Pine Brook Capital Partners has sold its majority equity stake in CLO specialist WhiteStar Asset Management to Clearlake Capital Group

Trinitas prices CLO after locking in levels
Trinitas Capital Management has joined the exclusive list of managers to issue CLOs amid the coronavirus-induced market selloff

Past returns: Would-be CLO buyers turn sellers
Five years ago in Creditflux, we reported that the new generation of US 2.0 CLO managers were striving to grow their CLO AUM through manager acquisitions; namely, Benefit Street Partners and Triumph Capital Advisors, the pair having issued their debut CLOs in 2012 and 2014, respectively.

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

Credit funds at a glance

THL anchor CLO equity seeks purchase in secondary market
Up for auction later today is the 15th controlling stake in a US CLO this year, with nine of the previous 14 having failed to trade

From pricing to close in just two days: Trinitas moves rapidly for latest CLO
Trinitas Capital Management priced a new CLO yesterday, and plans to close the deal tomorrow in one of the fastest turnarounds for a standard two-year non-call, five-year reinvestment deal

WhiteStar hires Highland portfolio manager to grow CLO investment business
WhiteStar Asset Management has made a big hire as it seeks to grow its CLO investment business

Trinitas CLO refi prices triple As at 139bp and 6bp wide of several longer-dated deals
Trinitas Capital Management has refinanced one of its US CLOs and although the deal has cut financing costs, the final print is wide of where several five-year reinvestment CLOs are pricing

Trinitas prices new issue CLO with varying callability
Trinitas Capital Management priced a new issue CLO on Friday, with different tranches structured with varying durations of callability