Creditflux

Deluxe decline leaves CLOs feeling deflated
Deluxe looked decent: trading in the 90s for much of this year, with 60% of its term loan sitting in CLO portfolios. But its rapid descent underlines the dangers posed by idiosyncratic events.

Deluxe decline leaves CLOs feeling deflated

US CLO league tables: Octagon retakes US lead, but CSAM still on top globally
Octagon Credit Investors priced Octagon 45 via Goldman Sachs to overtake CSAM by just $33.3 million in overall US issuance, but CSAM still leads the way in new US CLO and global CLO issuance

Sculptor prices second CLO refi since rebranding
Sculptor Loan Management on Friday priced a $522m75 million CLO refinancing via Barclays, marking its third transaction, and second refi, since rebranding from Och Ziff Loan Management

Capital structure emerges for forthcoming debut CBO from Sculptor
Sculptor Capital Management is set to join the ranks of the world’s CBO managers, according to market sources

CLO pipeline: Sculptor begins to mould its first CBO
Silence! Artist at work: Sculptor has got its apron on and is shaping up to launch its first CBO

AB launches US CLO business after hiring from Sculptor
AB is building on its middle market CLO business by launching a broadly syndicated loan CLO platform, according to a company announcement. AB's majority owner, Axa Equitable, will fund the new product offering, according to AB, which presumably means that it will invest in the equity of forthcoming AB CLOs

Deluxe bankruptcy causes picture to blur for CLOs
CLO managers hold $598 million of the video services company’s term loan, according to the latest trustee reports from CLO-i

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

Euro CLO league tables: back to earth in tandem as issuance nosedives
August brought just €1.12 billion of issuance in the European CLO market across two refinancings and one reset, the quietest month since January when only €0.51 billion of European CLOs priced

One day, two investors, three CLO controlling stakes in secondary
Two investors are inviting bids for anchor positions they hold in three CLOs.

Och-Ziff revenue tumbles despite inflows to credit funds and CLOs
Och-Ziff Capital Management posted a net loss of $8.6 million in the second quarter, which it blamed on the market’s reaction to US China trade tensions and the US Federal Reserve’s twist of monetary policy

Och-Ziff splits triple Bs as it prices US CLO
Och-Ziff teamed up with BNP Paribas on Friday to price a new issue CLO named OZLM XXIV, its third CLO transaction of the year

CLO pipeline: there's no drought here as market is doused with deals
Deal-makers have been taking in their H2O with little sign of summer slowdown in the CLO market as the pipeline approaches full force 

Euro CLO league tables: May’s refinancings fall just shy of €1 billion
European CLO monthly issuance has stayed roughly level since February what has differed recently though is the volumes of all forms of refinancings.

114bp is syndicated benchmark for triple As in Europe as Och-Ziff prices CLO
Och-Ziff Loan Management priced a new issue euro CLO yesterday, according to market sources

Och-Ziff partners with Morgan Stanley for first time in Europe on upcoming CLO
Och Ziff Loan Management is marketing a new issue European CLO named OZLME VI

Control equity in two US CLOs changes hands in secondary market
Control equity in three US CLOs was up for sale yesterday at 10am New York time, according to market sources

Och-Ziff prices first new US CLO in 12 months
Och Ziff has returned to the US CLO market with its $505.4 million OZLM XXIII via Morgan StanleyHot market welcomes back old hands

Och-Ziff adds structured credit specialist to team in New York
Och Ziff Capital Management has added to its structured credit team with the appointment of a former Crayhill official 

Och-Ziff pairs with Credit Suisse on new €412 million European CLO
Och Ziff has priced a €412 million CLO via Credit Suisse, its second new issue European deal of the year and its 12^th transaction overall in 2018, according to market sources

Och-Ziff targets second deal in one week with new European CLO
Och-Ziff Loan Management is targeting a sub-100 basis point print as it markets a new issue European CLO named OZLME Funding V

Och-Ziff adds junior triple As and single Bs to 2014 CLO following reset
Och-Ziff Loan Management teamed up with Bank of America Merrill Lynch yesterday to reset a 2014 CLO named OZLM Funding IX

Control equity up for grabs in two 2015 CLOs this Wednesday
Control equity in two 2015 CLOs is up for auction at 9.30am New York time this Wednesday

Och-Ziff prices $916.93 million in US CLO refi paper across two deals
Och-Ziff prices two CLO refinancing transactions via Barclays