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Mid market CLO league tables: Golub keeps hold of top spot
3 years ago
A busy start to March saw three new mid-market deals by three new managers hit the market -
Global CLO league tables - April 2020 YTD
3 years ago
Global CLO league tables - April 2020 YTD -
Who’s got the moves US: oil and gas leads renaissance for US CLO managers
3 years ago
The US leveraged loan market has held steady over the last two weeks. After rising to just below 87 of par in mid-April, the S&P LSTA US Leveraged Loan index closed at 85.75 to start this week -
Who’s got the moves Europe: CLO managers enjoy climb of Everest
3 years ago
The European S&P/LSTA Leveraged Loan index enjoyed a strong month in April as it rose from 83 of par on 1 April to 89.2 by the end of the month. The index closed at 89.4 on 4 May to start the week -
New slate of US CLOs shows evolving term curve
3 years ago
Three new CLOs are forthcoming from Partners Group, Gulf Stream Asset Management and Onex Credit Partners with each manager opting for a different reinvestment strategy -
Basque-ing in ESG CLOs: Guggenheim prices Bilbao European deal via Citi
3 years ago
Guggenheim Investments has priced the fourth new European CLO of the pandemic era with a €281.65 million deal named Bilbao III -
Invesco suffers Moody's downgrade after struggling to delever balance sheet
3 years ago
Moody's has downgraded Invesco Ltd from A2 to A3 citing the "challenges Invesco has faced delevering its balance sheet following the acquisition of Oppenheimer Funds", the rating agency said in a notice -
'Nochu covenant' leaves big CLO managers in a trading bind
3 years ago
Stipulations pushed into CLOs by the world’s largest CLO investor Norinchukin to limit its exposure to covenant-lite loans are causing headaches for managers on its approved list hoping to use the dislocation to build par -
Global CLO b-wic round-up: equity makes a return as investors search for price levels
3 years ago
Three European CLO equity bonds have traded with colour attached in the last two weeks in the secondary market -
Managers vie for trophies at new-look awards event
3 years ago
The 2020 Creditflux Manager Awards will take on a fresh complexion as we transition to a virtual event. But some things will never change: our finalists have been assessed using data alone -
OC health check: first senior breach in middle market pushes CLO tally to 13
3 years ago
41 CLOs have breached an overcollateralisation test in the last week, according to the latest trustee reports on CLO-i, taking the overall total to 182 -
Former Redding Ridge business development head lands at CLO issuer
3 years ago
The former head of business development at Redding Ridge Asset Management has joined a firm which specialises in CLOs and structured credit -
Static US CLO advocate prices one-year reinvestment deal
3 years ago
Palmer Square Capital Management on Friday priced a $437.9 million CLO named Palmer Square CLO 2020-1, according to market sources -
94% of S&P-rated single B CLOs at risk of downgrade as 48 tranches join watchlist
3 years ago
Standard & Poor's has added a further 48 CLO tranches to its creditwatch negative list -
Strong structures benefit mid market CLO structures despite lack of government support
3 years ago
April was a brutal month for the broadly syndicated loan-backed CLO market, with swathes of deals breaching their overcollateralisation limits. But sources say their middle market counterparts could be better placed to weather the storm if the coronavirus crisis escalates -
Credit pickers need luck to avoid OC trap
We know what you’re thinking: is my CLO failing its OC test? The truth is, in all this volatility, it can be hard to keep track, unless your deal has high quality liquid loans3 years ago -
Carlyle defers $4 million CLO sub fees after loan downgrades
3 years ago
Carlyle Group deferred $4 million CLO subordinated fees in the first quarter, as a result of rating downgrades across the industry, the firm's quarterly earnings call revealed -
Guggenheim aims at European CLO for its second deal since covid-19 outbreak
3 years ago
Guggenheim Investments is on track to become the second manager to issue CLOs in the US and Europe following the coronavirus outbreak, according to market sources. -
ArrowMark prices static US CLO as spreads drift wider
3 years ago
ArrowMark Partners has priced a static US CLO with triple As at 250 basis points, matching the print from GSO's Stratus Funding 2020-1 (another static deal) at the start of April -
US Bank hires head of CLO analytics and research from asset manager
3 years ago
US Bank has hired Sean Kelley as head of its CLO data analytics and research, according to a statement from the firm -
CLO market braces for another wave of loan downgrades
3 years ago
A wave of negative rating actions swept the leveraged loan and CLO market in April. “Companies will look to secure incremental capital which will lead to further rating pressure,” says Philip Raciti, portfolio manager and head of US performing credit at Bardin Hill Investment Partners -
ArrowMark markets static US CLO
3 years ago
ArrowMark Partners is working with Goldman Sachs on a static US CLO, according to market sources -
CLO fund warns it may suspend stock distributions in Q3
3 years ago
Oxford Square Capital Corp today announced it may reduce or suspend stock distributions for the months of July to September as a result of the crisis triggered by the coronavirus pandemic -
KKR scores tight pricing with Europe's third CLO of the pandemic era
3 years ago
KKR Financial Advisors has priced Europe's third CLO since the covid-19 pandemic and scored the tightest debt execution yet down the capital structure -
European CLO market gets going in a hurry with Redding Ridge three-year deal
3 years ago
The European primary CLO market has gone from being shut for a month to pricing two deals within hours of each other and developing a term curve that is very much in its infancy
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