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Monthly new US CLO volumes highest since May as MJX prices new deal
24 days ago
US new CLO volumes for August surpassed $6 billion on Friday after MJX Asset Management priced its second deal of the year named Venture 48 -
US CLO pipeline: Spreads and tenors disperse as six managers eye new issues
5 months ago
Dispersion has come to the fore in the US CLO market with higher tier managers able to price their triple As in the 180-185 basis points range and others up around 200bps. But this week’s pipeline shows there is some divergence in the length of CLOs coming to the market too -
US CLO pipeline: issuers takes credit sell-off in their stride as supply picks up
6 months ago
Despite the collapse of Silicon Valley Bank and Signature Bank in the last week, the CLO machine has continued to churn with just shy of $5 billion of US and mid market CLO issuance this week -
Lights go out for Heritage Power with 120 CLOs left in the dark
7 months ago
US based power plant operator Heritage Power filed for chapter 11 bankruptcy in the bankruptcy court of Texas on Tuesday night, impacting $124.45 million of assets held by 120 US CLOs. -
US managers recalibrate as Euro CLO portfolio spreads rise: Moody's
11 months ago
CLO managers have had to readjust this year and data from Moody’s Investor Services shows weighted average rating factor scores for all US CLOs have held steady, while weighted average spreads have dropped 0.15% -
Nerves of steel needed for CLOs as Phoenix Services files for chapter 11
11 months ago
CLOs hold $341.54 million of steel service provider Phoenix Services Topco which filed for chapter 11 protection in the US Bankruptcy Court for the District of Delaware yesterday -
We’ll get through this awkward patch
1 year ago
Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As -
CLO managers in the mix for first US credit event auction since 2020
1 year ago
CDS contracts referencing Talen Energy Supply will be settled by credit event auction next month. And Talen's recovery levels will have relevance for a number of CLO managers that have held onto the company's debt - in some cases having bought more very recently -
CLOs at a glance (May 2022)
1 year ago
A listing of CLOs that have priced in the last month
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Attack-minded CLO managers capitalise on bearish outlook
1 year ago
Some of the most aggressive CLO managers have benefited from loan market volatility in March after having tweaked their portfolios in the months beforehand -
US CLO league tables: Blackstone and Citi win new issues but CSAM and JP Morgan take overall issuance crown
1 year ago
The US CLO market had an extraordinary 2021 with almost $400 billion of overall issuance pricing as records were set for all forms of issuance -
CLO managers show respect to their elders
1 year ago
Alongside lucrative new issues, managers also make time for refinancing and resetting old deals. Our data shows that, in 2021, mid-sized firms were the most effective at this balancing act -
Jefferies brings two CLOs to market and takes US CLO arranging total past $20 billion
1 year ago
Jefferies has brought two CLOs to market to take its arranging total past $20 billion -
Three control CLO equity blocks trade, including rare CIFC deal with ultra-low funding costs
1 year ago
Three US CLO anchor equity positions traded Tuesday courtesy of one b-wic at 9.30am New York time -
CSAM regains best manager throne
1 year ago
Upstart CLO managers overtook more experienced rivals at last year’s Creditflux Manager Awards, but CSAM and other large firms, such as PGIM, emerged victorious in London this time around -
Record-breaking CSAM wins Creditflux Manager of the Year 2021
2 years ago
The Creditflux Manager Awards dinner was back with a bang last night as 250 attendees saw Credit Suisse Asset Management crowned Creditflux Manager of the Year for a record third time -
Investors clamour for fixed-rate CLOs ahead of rate rise
2 years ago
Demand for fixed-rate US CLO paper is so strong these notes are pricing much tighter than pari passu floating rate equivalents in the primary market -
Elmwood, LCM and MJX each print new issue CLOs
2 years ago
Three CLO managers - Elmwood Asset Management, LCM Asset Management and MJX Asset Management - came to market with new issue CLOs on Wednesday -
CLO pipeline: Carlyle unstoppable as PGIM looks to tighten double As
2 years ago
The CLO machine is refusing to slowdown, churning out deals as the US market is set to welcome a flurry of deals in the coming weeks – with 18 new issues, 14 resets and 10 refinancings in the marketing stage. -
MJX prints $407 million CLO refi
2 years ago
MJX Asset Management has priced a $407 million refinancing of the triple to single A notes of its 2019 CLO Venture 37 -
MJX resets CLO just days before old reinvestment end date
2 years ago
MJX Asset Management reset its 2016 CLO named Venture XXIII on Friday, just three days before the deal was set to leave its original reinvestment period -
Coronavirus tiers up old ranking script
2 years ago
Forget everything you thought you knew about CLO manager tiers. Apollo and Blackstone are mainstays, but smaller, more nimble issuers are finding new ways to stand out from the crowd -
CLO pipeline: Man GLG resurfaces from six-year absence as deals exiting call-lock fill pipeline
2 years ago
CLO spreads have leaked out in recent weeks but deal economics are still favourable, encouraging managers to come back to the primary market for the first time this year -
CLOs at a glance (June 2021)
2 years ago
A listing of CLOs that have priced in the last month -
Ellington and MJX score refis of 2019 CLOs
2 years ago
Ellington Management Group and MJX Asset Management are the latest firms to print refinancings of 2019 CLOs
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