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US CLO pipeline: busy January sets the tone for the year
19 hours ago
US CLO new issuance in January has exceeded 2022’s volumes with $6.4 billion priced last month compared to $4.6 billion last year, and the market is showing no signs of slowing down -
US CLO pipeline: Oak Hill aims for tightest triple As since July, as other CLO markets at 245bp
8 days ago
Nine US CLO managers are in various stages of marketing their latest CLOs, and while Oak Hill is seeking a benchmark-setting deal, there are other CLOs that are expected to price well wide of this -
US CLO pipeline: Triple A dispersion coming to fore as Palmer Square aims to open market again
22 days ago
The US CLO market is set to reopen with five managers in various stages of marketing new issue CLOs, according to sources -
Euro CLOs have better 2023 entry point than US in $140 billion issuance year: Barclays
2 months ago
CLO performance and issuance may have to wait until the second half of next year for improvement, say Barclays credit strategists in a 2023 outlook piece. But Europe could fare better than the US given starting levels in a year the market faces some challenging regulatory hurdles -
US CLO pipeline: PPM returns to playing field after 14-month absence
2 months ago
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 -
US CLO pipeline: Capital Four and GoldenTree structures emerge as pipeline builds
2 months ago
Four more US CLO managers are marketing new issue CLOs to join three holdovers in the pipeline this week -
US CLO pipeline: five-year triple As solidify at 220bp
2 months ago
US CLO spreads are showing signs of widening as the benchmark triple A levels shift by 10 basis points. Senior triple As are aiming for a 220bp benchmark as LCM Asset Management and Neuberger Berman market five-year deals -
US CLO pipeline: issuance expected to slow as blockages emerge
3 months ago
Only three new deals have been added this week to the list of forthcoming CLOs. The pipeline is suffering from some blockage after only four US CLOs priced last week -
US CLO pipeline: MidOcean and Seix look to end three-year drought as others rock and reload
3 months ago
14 US CLO managers are in various stages of marketing their latest offerings, with a wide scope of names for investors to choose from -
US CLO pipeline: $100bn new issue mark about to be surpassed
4 months ago
Seven US CLO managers join one holdover in the new issue US CLO pipeline this week, as the market bears down on $100 billion of new issuance in 2022 -
US CLO pipeline: new faces appear amid tightening price guidance
4 months ago
After many months, the US CLO pipeline is bursting with new life as two debutants market their inaugural deals – Empower’s Empower 2022-1 and Muzinich’s 1988 CLO 1 -
US CLO pipeline: Dispersion comes to fore, while Capital Four goes static
5 months ago
The CLO market is heating up once again after the summer lull and pricing has tightened, with at least three US CLO managers looking to match or even best Palmer Square Capital Management’s triple A print of 200 basis points -
US CLO pipeline: What takes your fancy? Three years, four years or the full five, we’ve got it all
5 months ago
If you’re looking to invest in a reinvesting CLO, then you have your choice of length as the US CLO pipeline begins to fill with five more forthcomings join four holdovers -
US CLO pipeline: Blackstone goes for 10 with tightest triple As of August
5 months ago
Blackstone Credit is marketing its latest CLO, Storm King Park, which will be the manager’s tenth US new issue of the year -
US CLO pipeline: like a (Center)bridge over troubled water
6 months ago
A large asset manager is marketing its first US CLO at a time of volatility in the underlying loan market. Whereas other funds build walls, CLOs build bridges -
CLO pipeline: only way is up after tier one price talk hits new wides
6 months ago
There is a build up of nine deals in the US CLO pipeline as the market heads to a CLO conference in Las Vegas. -
CLO pipeline: large managers defy loan drought to keep market moving
7 months ago
US CLO senior spreads may have blown out to 180-190 basis points over Sofr for five-year deals, and even wider for short-dated new issues, but that will not stop the market from soldiering on -
CLO pipeline: deals come in two by two hurrah! hurrah!
11 months ago
It is raining CLOs in February and some issuers are preparing for the deluge by printing deals at the double -
CLO pipeline: US manager base poised to hit 119 and Europe 57
11 months ago
The CLO market is open to newcomers as both the US and European are set to welcome first time CLO issuers – BlueBay Asset Management in the US and Acer Tree Investment Management in Europe -
CLO pipeline: biggest managers come to market as Rockford Tower sets sight on CBO
1 year ago
The Sofr-era of CLOs is well and truly upon us judging by the pipeline, with 14 US CLO managers marketing their first Sofr CLOs. and six European CLO managers are locked in a race to bring the first new issue of 2022 -
CLO extremes will do well in '22 but mezz needs caution: BNP Paribas
1 year ago
The extreme parts of CLOs' capital structures will offer best value in 2022, but investors should be cautious on mezzanine tranches and consider hedges, say BNP Paribas strategists -
CLO lower cap stack will outperform with $175bn new issuance in 2022: JP Morgan
1 year ago
Equity and lower rated tranche investors will do best as $175 billion of global new CLO issuance arrives in 2022, predict JP Morgan strategists in their annual outlook, taking market size to $1.2 trillion -
US CLO pipeline: Carlyle and Blackstone aim for CLO-a-month 2021 as BlackRock goes for baker's quadruple
1 year ago
The Thanksgiving holiday has not dampened the US CLO market’s appetite as a flurry of deals are set to price in the next couple of weeks. That includes 18 new deals, 11 resets and seven refinancings in the US -
CLO issuance set for big slump as managers relax on Sofr: JP Morgan
1 year ago
CLO new issue supply will likely decline sharply from this month to next, with the rush to complete deals ahead of the transition to Sofr base rates having added to November's historical heavy weighting over December, say JP Morgan structured credit strategists -
US CLO pipeline: Go long! Refis fall from favour as AMMC looks to join list of 2021 issuers
1 year ago
The only record left to fall this year in US CLOs is 2017’s refinancing total of $102.8 billion with the market $6.3 billion shy. Yet this segment shows little interest to break more records with the pipeline filled with new issues and resets as longer tenured deals are preferred.
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