BlackRock drags CLO spreads tighter with latest reset
BlackRock teamed up with Citi on Thursday to print a $499 million reset of its 2019 vintage CLO named Magnetite XXI - and dragged the CLO market tighter in the process

Citi CLO trader set to join rival as co-head of global CLO trading in New York
A CLO trader is leaving Citi after 10 years to take up the top trading job at a bank, which has tended to specialise in trading triple A-rated paper 

CIFC resets amortising CLO with $38.3 million upsize
CIFC Asset Management teamed up with Citi on Tuesday to reset a CLO in its amortisation period

Marathon prints $407.2 million CLO via Citi
Marathon Asset Management teamed up with Citi on Tuesday to print a $407.2 million new issue CLO

Wellfleet prints first new CLO of 2021
Wellfleet Credit Partners priced its first CLO of 2021 on Friday, teaming up with Citi to issue the $406.5 million deal named Wellfleet CLO 2021-1

BNP Paribas AM pairs again with Citi for 2018 European CLO refi
BNP Paribas Asset Management has refinanced four senior tranches of its 2018 vintage CLO

Rockford Tower and Oak Hill reset $1.1 billion of CLOs
$1.12 billion fresh CLO reset paper hit the market on Thursday as Rockford Tower Capital Management and Oak Hill Advisers each reworked transactions

Benefit Street scores first sub-90bp triple A CLO refi since June 2018
Benefit Street Partners has refinanced tranches from its oldest active CLO from 2013, Benefit Street Partners CLO II, placing its triple A notes at just 87 basis points over Libor

Citi plans appeal after losing battle to recoup over $500 million in Revlon loan lawsuit
Citibank has lost a lawsuit to recoup $504.1 million from Revlon lenders, having ‘mistakenly’ wire-transferred over $900 million to them last year

ArrowMark features unusual tranche split in first reinvesting CLO for 12 months
ArrowMark Partners has priced its first reinvesting CLO transaction post-covid. The manager teamed up with Citi to print the $412.2 million deal named Elevation CLO 2021-12

Oak Hill pairs with Citi on first new issue European CLO since 2018
Oak Hill Advisors has printed its first new issue European CLO in over two years and its first primary CLO transaction in Europe since a refinancing in 2019

Redding Ridge sets US CLO benchmark with syndicated triple As at 112bp
Redding Ridge Asset Management scored a new issue record in the CLO market by printing triple A notes at just 112 basis points over Libor

US CLO league tables: deja vu as static CLO gets primary market moving
It's deja vu all over again with a static CLO opening the primary market for the third consecutive year

Global CLO league tables - January 2021
Global CLO league tables - January 2021 YTD

CLO pipeline: snow business like the CLO business
CLO issuers are putting aside the cold snap and are warming up with a flurry of deals.

Benefit Street prices second CLO reset in as many weeks
Benefit Street Partners teamed up with Citi on Friday to print its second CLO reset in as many weeks

MidCap prints largest CLO transaction for 12 months with $1.2 billion reset
MidCap, the middle market affiliate of Apollo, has priced the largest CLO primary transaction in almost exactly 12 months, printing a reset of its huge $1.2 billion mid market CLO named Woodmont 2017-2

US banks embrace CLOs again to drive spread compression
The three big US bank-buyers of senior CLO tranches — Citi, JP Morgan and Wells Fargo — all returned to the mar-ket as investors in January after sitting out for much of 2020

Bain refinances CLO six months post-reinvestment
Bain Capital has refinanced three tranches of a CLO that left its reinvestment period in August

Crescent returns with first new CLO in over a year
Crescent Capital has priced its first new issue CLO since October 2019

Spreads plummet as Oak Hill prices five-year US CLO with 119bp triple As
Oak Hill Advisors has priced the tightest five-year reinvestment US CLO since March with funding costs of just 159.49 basis points

AMMC and Marathon refinance CLOs due to leave reinvestment in April
Another $800 million of CLO refi paper has been absorbed by the market after American Money Management Corporation and Marathon Asset Management cut financing costs for CLOs set to leave reinvestment in April

Octagon becomes first US manager to complete three 2021 CLO refis
Octagon Credit Investors paired with Citi for another CLO refinancing

Redding Ridge prices European CLO triple As at tightest levels since July 2018
A new triple A benchmark has been set for European CLOs with Redding Ridge pricing triple A notes at Euribor plus 87 basis points, inside its low/mid 90s guidance

Benefit Street resets 2014 US CLO on its reinvestment date
Benefit Street Partners has reset its 2014 vintage CLO named Benefit Street Partners CLO IV for a second time, and on the day it was scheduled to leave its reinvestment period