FisherBroyles hires derivatives and regulations specialist as partner
FisherBroyles, an Atlanta headquartered law firm, has hired derivatives and securities specialist Julian Hammar as a partner in its New York and Washington, DC offices

PGIM launches US CLO with unfunded double Bs
To double B or not to double B, that is the question as PGIM issues an unfunded double B-rated note as part of Dryden 80 CLO, a new issue deal which priced on Friday via Bank of America

CVP resigns as manager from two US CLOs
Credit Value Partners has resigned as manager of two of its US CLOs, according to a notice on the Irish Stock Exchange. The move comes amid an overhaul at CVP in which the manager's loan platform has been absorbed into its affiliate Mackay Shields and its distressed platform spun off

MidOcean ends 15-month break from new issue CLOs after making big hires
Having made two key hires in the last few months, MidOcean Credit Partners has priced its first new issue US CLO since July 2018

Be-Spoke one week away from pricing breakthrough SME CLO
Be-spoke Capital has moved a step closer to pricing its SME loan securitisation, with price talk emerging for the forthcoming Alhambra SME Funding 2019-1

CVC markets new issue European CLO via Deutsche Bank
Price talk has emerged for CVC Credit Partners’ forthcoming CLO new issue, CVC Cordatus Loan Fund XVI

Single B spreads tighten dramatically as Invesco prices third euro CLO
Invesco yesterday brought its third CLO new issue to market via Barclays, according to market sources

Few CLOs charred by Murray bankruptcy
25 CLO managers hold  $389.6 million exposure to the debt of coal company Murray Energy Holdings, which filed for Chapter 11 bankruptcy in the Southern District of Ohio on Tuesday, according to the latest trustee reports from CLO-i   

BlueBay launches CLO fund with seed capital from parent RBC
Sources say the strategy launched earlier this year via an Irish fund structure with seed capital provided by BlueBay’s parent company, RBC

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

CLO syndication head exits BNP Paribas
BNP Paribas' head of US CLO syndication has parted ways with the bank, according to market sources, ending an eight-year stay at the firm

Central banks may consider ESG-compliant CLO paper, says Moody's
Central banks in Italy, the Netherlands, and France have begun integrating ESG into their investment process, a process which could reduce collateral refinancing risk of ESG compliant securitisations including CLOs, according to Moody’s

Largescale triple C downgrades 'look inevitable' due to loan performance, says TwentyFour
US leveraged loans are underperforming and a wave of downgrades to triple C ‘looks inevitable’, according to TwentyFour Asset Management

PGIM becomes first CLO manager to price 12 transactions in 2019
PGIM has priced a €412.38 million new issue CLO via Citi named Dryden 73 Euro CLO 2018, becoming the first CLO manager to complete 12 transactions globally this year

CLO supply set for double-digit drop in 2020, says JP Morgan
US CLO supply in 2020 will be as much as 20% down on 2019, while European issuance will fall 13% year-on-year, predict JP Morgan strategists in a research note. Even so, new CLOs should still outpace existing deal paydowns, as well as high yield primary market net new issuance

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

Neuberger Berman becomes latest manager to put AMR into CLO
Neuberger Berman on Friday priced its latest CLO offering named Neuberger Berman Loan Advisers CLO 34 via BNP Paribas

Bain prices largest new US CLO of October
Bain Capital Credit returned to the CLO primary market on Friday to produce the largest US new issue of October

BlueMountain prices first European CLO with Credit Suisse
BlueMountain Fuji Management on Friday priced a new issue CLO via Credit Suisse, marking a first-time partnership between the manager and arranger in Europe

BlueMountain prices first new issue US CLO for five months
BlueMountain Capital Management has priced its first new issue CLO since May, according to market source

US insurer to allocate $1 billion across CLO tranches, corporate loans and bonds
Managers have until Tuesday to submit proposals to New York State Insurance Fund, which is seeking CLO, bank loan and high yield corporate bond managers to invest $1 billion in separately managed accounts 

CLOs' risk to Japanese banks 'subdued' despite ratings and mark-to-market risk, says Bank of Japan
The risk to Japanese banks posed by their investments in CLOs is ‘subdued’, according to the Bank of Japan Financial System Report

Capital Four makes CLO market entry with debut transaction
Capital Four Management priced its inaugural CLO this morning, becoming Europe’s eighth debut manager of 2019

Barings prices CLO backed by mid market loans
Barings has produced its third CLO transaction backed by loans to middle market companies

Diameter circles back to CBO market with its second transaction
Diameter Capital Partners yesterday priced its second CBO, just five months after issuing its first, according to market sources