OC health check: CLOs wake up when September ends
September showed a slight but clear improvement in CLOs’ over-collateralisation test results as 182 CLOs breached an OC test during the reporting period, compared to 198 in August.

Former Ares partners put ESG and tech at centre of new CLO business
Three former Ares Management partners have established a CLO business with plans to launch a first US CLO early next year

Alcentra hires Mulshine as head of US distribution
Alcentra has hired a new head of US distribution from Lazard

Owl Rock surpasses $1 billion 2020 CLO issuance with three-tranche deal
Owl Rock has passed $1 billion in CLO new issue volume for 2020 by printing its third CLO backed by middle market loans since the March sell-off

Golub lines up first talf-eligible CLO
Golub Capital Partners is preparing the first CLO eligible as collateral under the Federal Reserve's term asset-backed securities loan facility

CLO pipeline: fixed income giants plan debut 2.0s with Morgan Stanley
Two large fixed income managers are pre-marketing debut 2.0 CLOs

CSAM closes its first-ever commingled CLO equity focused fund
Credit Suisse Asset Management has completed the final close of its inauguarl commingled fund geared towards CLOs

Alcentra and Black Diamond print unusual CLO refis with variable call structures
Black Diamond Capital Management and Alcentra have priced unusual CLO refinancings in the last few days. Uniquely among post-covid deals, the two managers have completed fixed-note refis where different tranches of their CLOs will have variable non-call periods

Octagon cements itself as most prolific refinancer of fixed-rate CLOs
Octagon Credit Investors teamed up with Goldman Sachs on Friday to refianance the $10 million double A-rated fixed tranche of its 2017 CLO Octagon Investment Partners 32

Pimco pre-markets comeback US CLO with new PM at helm
Pimco is returning to CLO management after a 13-year absence with a recently-appointed official expected to oversee the deal

Symphony issues first CLO since integration with Nuveen
Symphony Asset Management has priced its first new issue CLO in nine months, and its first since announcing the integration of its leveraged finance business with affiliate Nuveen

Cerberus takes lead in mid market CLO volume post-covid
Cerberus Business Finance has become the middle market CLO manager with the highest new issue volumes post-covid by printing its second new issue deal since April

Eaton Vance prices first CLO following Morgan Stanley buyout announcement
Eaton Vance has priced its first CLO following its buyout announcement

Marathon prices first new issue CLO of 2020
Marathon Asset Management has completed its first new issue CLO of 2020

GSO edges past Redding Ridge in 2020 CLO new issues with US deal
GSO Capital Partners priced a new issue US CLO on Friday, bringing its total volume globally for 2020 ahead of Redding Ridge Asset Management for the first time since March

Credit Rendezvous: sometimes you have to dive deep to find value
Some parts of the credit market are fraught with danger, but that does not mean portfolio managers are avoiding them entirely, according to the Credit Rendezvous, Creditflux's 10-page quarterly report eaturing comments from 15 credit experts

AMMC makes CLO new issue comeback after more than two years away
American Money Management Corporation has made a long-awaited comeback in the CLO primary market by printing its first new issue transaction since March 2018

Elmwood officially reopens CLO reset market with five-year extension of debut deal
Elmwood Asset Management has completed the US CLO market's first reset transaction for almost eight months, after teaming up with Citi to reset its debut CLO from 2019 named Elmwood CLO I

[update] Beneath the triple C: theme parks take portfolios on downward ride
Seven corporate debt issuers were downgraded to triple C or below in September by Moody’s or Standard and Poor’s – hurting $2.16 billion of US CLO loans and €1.16 billion of European CLO portfolio. The pace of CLO loan downgrades to triple C has slowed steadily since the peak in April

AB returns to mid market CLOs with first new issue post-covid
AllianceBernstein has issued its second middle market CLO of 2020, and its first in the post-covid market environment

New York fund manager hires former Ellington CSO specialist
A credit fund manager has hired a structured credit specialist to cover corporate credit and structured credit products such as CLOs and CSOs

We've got five years, what a surprise
The third quarter will be remembered as a period of breakthroughs for the CLO market, fuelled by renewed hope of returning to a degree of normality after the coronavirus pandemic changed everything in mid-March

Silver Rock becomes third debut US CLO manager of 2020
The world welcomed a new CLO manager into the market yesterday as Silver Rock Management issued an inaugural transaction via Citi

Anchorage mixes it up with unusual 'partial reset' of US bond-flex CLO
Anchorage Capital Group has become the first manager to partially reset a bond-heavy CLO