We’ve got time to work this out
You might think direct lenders are very exposed to economic downturns. But at the Creditflux-Debtwire event last month, managers said they felt they had a few months to rectify problems

Deutsche Bank's global CLO head moves to big US manager
The head of Deutsche Bank's global CLO business has left after working at the firm for 16 years, with sources indicating he has taken a buy-side structuring job at one of the most prolific issuers in the business

MUFG adds to US leveraged finance unit with senior hire from Deutsche Bank
A senior credit specialist has left Deutsche bank in New York after 10 years in order to join MUFG

CLO 2020 outlook: lower volumes predicted, but it’s not all bad news
US CLO issuance is expected to drop by roughly 20% next year, according to bank research desks. This comes after a solid 2019 in which $101 billion of new US CLOs have priced through 92 managers, as Creditflux goes to press

Golub sets new record with seventh US CLO of 2019
Golub Capital Partners has become the first CLO manager to price seven new issues in the US market since 2010

Euro CLO league tables: GSO turbos charges its lead over CVC
GSO Capital Partners kept hold of the lead in the European CLO manager league tables thanks to its turbo charged reset of Holland Park

CLO pipeline: high triple C bucket opens a Gateway to pricing
In less than ideal market conditions, even experienced CLO managers are learning new tricks to keep the pipeline full. Of the 11 US new CLOs that appear in the pipeline this week, two are high triple C bucket transactions

Finnish life insurer assembles European loan investment business
The firm has brought over a loan portfolio manager from parent company Sampo Group to head the new unit and added a former Deutsche Bank official 

GSO adds turbo tranche feature to European CLO as part of reset
GSO Capital Partners has issued a novel single B-rated European CLO tranche that is designed to amortise quickly

Owl Rock gives two hoots after issuing second low-levered CLO
Owl Rock is sticking to its low-levered CLO strategy after pricing Owl Rock CLO II, backed by middle market loans, on Friday

CVC issues its third 2019 CLO in Europe
CVC Credit Partners joins an exclusive club of managers with its third new European CLO of the year. Like GSO Capital Partners and BlackRock in recent weeks, CVC priced its triple A bonds at 90 basis points

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

GSO and Deutsche Bank unite to refinance 2017 European CLO
GSO Capital Partners has teamed up with Deutsche Bank to refinance the triple and double A debt of its 2017 CLO named Palmerston Park

DWS holds €350 million first close for inaugural direct lending fund
DWS has garnered €350 million on the first close of its inaugural European direct lending strategy, according to an announcement by the firm

Carlyle brings short CLO paper tighter with euro triple A refi
Short CLO spreads inched tighter in Europe yesterday after Carlyle Group refinanced the triple A notes of Carlyle GMS Euro 2013-1 at 66 basis points over Euribor

Credit funds at a glance
A round-up of fundraising and people moves in credit

Och-Ziff makes CLO market debut as Sculptor
Sculptor Loan Management, formerly known as Och-Ziff Capital Management, has priced its first CLO transaction since rebranding earlier this year

Deutsche Bank reshuffles European capital markets business
Deutsche Bank has reshuffled its European capital markets business, dividing both its leveraged finance and debt capital markets units by origination and syndication

Euribor floor becomes more valuable as CVC and Deutsche Bank ready CLO refi
CVC Credit Partners is working with Deutsche Bank on a €316 million refinancing of its 2017 CLO named CVC Cordatus Loan Fund VIII

THL returns with second middle market CLO offering
THL Credit Advisors on Friday priced its second CLO backed by loans to middle market companies

Euro CLO league tables: before the holidays is the best time to price a deal
Over €5 billion of new issue CLOs was priced last month, the first time the market ever crossed that monthly threshold

GSO prices tightest European CLO of 2019 with syndicated triple As
GSO Capital Partners priced the tightest European CLO of the year yesterday with weighted funding costs 177.27 basis points over Euribor

Junior notes of forthcoming GSO European CLO go subject
GSO Capital Partners is marketing a new European CLO via Deutsche Bank named Dunedin Park CLO, which was announced yesterday

Deutsche AM's real estate division prepares second infra CLO
RREEF America, a subsidiary of Deutsche Asset Management that invests in commercial real estate, is readying a new securitisation backed by project finance assets named RIN II

Morgan Stanley becomes third bank in four months to join CDSClear
Morgan Stanley has signed up as a member of CDSClear at LCH SA