PPM prices first new issue CLO since May
PPM Loan Management has priced a US BSL CLO, its first new issuance in eight months 

PPM goes short-dated for US BSL reset
PPM Loan Management bucked the recent restructuring trend on Monday, choosing a short-dated reset for its PPM CLO 2

PPM joins ranks of managers turning to static CLOs
PPM Loan Management Company has become the 12th US CLO manager to print a static CLO this year

US CLO pipeline: PPM returns to playing field after 14-month absence
Five fresh deals have made their way on to the pipeline this week, including PPM Loan Management company preparing to end its 14-month drought

What matters is what you do with it
CLO managers yearn for flexibility so they can take advantage when credit sells off. But it isn’t enough on its own: triple C-flex CLOs saw portfolios erode this year, while CBOs outperformed

PPM resets late 2020 CLO via Credit Suisse
PPM America teamed up with Credit Suisse on Wednesday to reset its late 2020 deal named PPM CLO 4

PPM teams with JP Morgan for first time on new CLO
PPM America priced its fifth CLO of the 2.0 era on Friday, teaming with JP Morgan as arranger for the first time

Credit Rendezvous: And breathe...
The unanimous verdict is that credit spreads will be moving wider – they have to. But the difficulty credit fund managers face is predicting when the next sell-off comes and how sharp it will be. In the Q3 instalment of Creditflux’s Credit Rendezvous, the over-riding message from portfolio managers is that there’s little point in taking on too much risk. The report features the views of prominent credit figures including Paul Horvath (Orchard), Himani Trivedi (Nuveen), Ronnie Jaber (Onex), Graham Rainbow (Alcentra) and Michelle Russell-Dowe (Schroders). The report looks at 14 segments of the market including CLOs, direct lending, leveraged loans, distressed debt and credit derivatives.  

Five refis add $1.43 billion to CLO market
The CLO primary market has absorbed another $1.43 billion of refinancing paper as five managers printed cost-cutting transactions

PPM turns short dated CLO into full five-year deal with $408.8 million reset
PPM Loan Management has turned a three-year reinvestment CLO into a fully-fledged five-year transaction after pricing a $408.8 million reset via Morgan Stanley

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

US CLO round-up: New Mountain gives a peek at better times
CLO primary issuance has produced healthy volume over the last few weeks with new issue paper totalling $7.9 billion since 21 September.

Chicago-based manager returns to CLO primary with first new issue for 17 months
PPM Loan Management has staged a CLO primary comeback by printing its first new issue deal in just over 17 months

CLO pipeline: three behemoths prepare for quick-turnaround new issues
CLO managers have printed at a frenetic pace since the start of the quarter with $3.36 billion of issuance across all CLO markets and pricing types

Boutique Chicago manager returns to CLO primary after 16 months to reprice tranche
PPM Loan Management made a CLO primary market comeback on Tuesday after repricing a fixed-rate tranche from its inaugural 2.0 transaction PPM CLO 2018-1

US Bank hires head of CLO analytics and research from asset manager
US Bank has hired Sean Kelley as head of its CLO data analytics and research, according to a statement from the firm

Global CLO round-up: new managers put down roots
Birch Grove priced its debut CLO this week while relative newcomers PPM (in the US) and Voya Alternative Asset Management (Europe) grew their CLO AUM.

PPM goes for three years of reinvestment in CLO number three
PPM Loan Management today priced its second new CLO of 2019, teaming up with Credit Suisse to issue the $402.75 million transaction named PPM CLO 3

US CLO round-up: it's a slow start, but at least we have a benchmark as 42 deals fill pipeline
It’s safe to say 2019 is off to a slow start for the US CLO market. This past week, $1.4 billion has priced, bringing total issuance in January 2019 to $5.7 billion. That’s 70% below the January 2018 new issue volume of $20 billion.

Triple As hit 150bp as PPM prices second post-crisis CLO with longer call-lock
PPM Loan Management priced its second CLO of the 2.0 era yesterday, according to market sources, with an extension of its triple-A call-lock from pre-marketing that took the notes 10-15 basis points wide of initial price talk

PPM and Goldman set triple-A price talk as they plan second consecutive US CLO
PPM Loan Management is back in the market with its second new CLO since relaunching its CLO management platform last year