Refine Search
Article Categories
Strategy Tags
Geography Tags
-
Global CLO b-wic round-up: US CLO triple As finally rally while European investors go ‘all in’
3 years ago
A huge supply of $731 million of US CLO triple A bonds pushed US CLO secondary volumes to just shy of $1.5 billion last week -
Three years after launch, Rockford Tower joins the elite
3 years ago
The CLO platform launched by King Street Capital Management in 2017 has been crowned Creditflux Manager of the Year -
Spreads tighten as GoldenTree and BlackRock print tightest CLO triple As since March
3 years ago
The CLO market moved tighter on Friday as GoldenTree Loan Management and BlackRock each priced new issues with triple As at 155 basis points over Libor, scoring a new record print following the coronavirus sell off in March -
CLOs at a glance: global market hits post-outbreak high
3 years ago
Primary issuance is on the rise as global CLO volumes in June stand at $7.22 billion as Creditflux goes to press, exceeding the $7.12 billion in May -
European CLO triple As grind tighter as GoldenTree prints largest transaction since outbreak
3 years ago
The €373.7 million transaction is the biggest CLO in Europe since the coronavirus pandemic began -
GoldenTree streamlines multi-arranger approach with upcoming euro CLO
3 years ago
GoldenTree Asset Management is marketing a new short-dated European CLO -
CLO pipeline: manager prepares crowning return as primary market gets busy
3 years ago
CLO secondary prices have rallied hard in recent weeks, providing impetus for the new issue deal pipeline to fill up quickly. But one surprise is that Western Asset Management has chosen this moment to return to the primary CLO market, after several years' absence -
European investors eye 180bp pick-up on triple B CLOs traded in April
3 years ago
A b-wic consisting of mostly European triple B CLOs that traded in late April is on offer at 9.30am New York time tomorrow, according to market sources, as data shows spreads for the rating band averaging 546 basis points over Euribor as of 27 May -
$350 million of CLO collateral drips into default as oil companies file for Chapter 11
3 years ago
CLOs hold $353 million worth of debt of two oil and gas companies - Ultra Petroleum and Gavilan Resources - which have become the latest casulties of the precipituous decline in oil prices. The pair filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas on Thursday and Saturday, respectively -
US CLO league tables: coronavirus brings changes in approach and new top manager
3 years ago
Amid a big slump in CLO primary issuance, new deals have taken focus and there are some notable changes at the top of the league tables -
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 -
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 -
US triple A CLO spreads tighten 90bp on month with GoldenTree new deal
3 years ago
Goldentree Asset Management today priced its first CLO following the covid-19-triggered market dislocation, scoring the tightest print of the new era in the process -
Seven points basis opens up in CLO triple Bs - but Investcorp trades well to defy trend
3 years ago
Triple B rated tranches once again swamped the secondary CLO market yesterday and trading levels suggest the basis between bonds on negative watch/outlook versus those not subject to a downgrade is about seven points -
GoldenTree enters primary CLO market after amassing $315 million of loans
4 years ago
GoldenTree Loan Management is 70% ramped on a new US CLO, according to market sources. -
Global CLO b-wic round-up: $8 billion of US CLOs listed in record-breaking March
4 years ago
Last week brought an end to the busiest month in both the US and European CLO secondary markets since at least 2014. $7.7 billion of US CLO paper was on sale in March with a further €1.8 billion of European CLO bonds available, bringing the total listed in Q1 to $13.9 billion and €3.6 billion -
We’ve survived before, we can do so again
4 years ago
$7.8 billion of CLO collateral, split evenly between the US and Europe, is in the loans that have fallen fastest in the past month. But short term CLO pain will bring opportunities for building par -
Global CLO b-wic round-up: CLO triple As recover but mezz left behind
4 years ago
The CLO secondary market was a tale of two halves last week. 100% of all bonds listed in b-wics on Monday and Tuesday had no covers released (either traded or did not trade), but the end of the week was a different story for both markets -
Beneath the triple C: mighty CLO buckets from Akorns grow
4 years ago
Rating agencies went on a downgrading spree in February, with Moody’s and Standard & Poor’s cutting 20 corporate names to triple C or below – affecting $2.78 billion of paper in US CLOs and €316.6 million in European CLOs. -
Global CLO b-wic round-up: that's another fine mezz you've gotten me into
4 years ago
European CLO investors are tripping over themselves to buy mezzanine paper in the secondary CLO market -
GSO joins exclusive club of US CLO managers to price triple As under 100bp
4 years ago
GSO Capital Partners joined a select few US CLO managers that have priced a deal this year with triple As paying under 100bp -
Global CLO league tables - January 2020 YTD
4 years ago
Global CLO league tables - January 2020 YTD -
Global CLO round-up: welcome back, give us a (refi) wave
4 years ago
Tighter corporate credit spreads means new issue volumes are down, but it makes a decent entry point for new CLO managers to price deals and also makes refinancing CLOs imperative -
Triple A spreads burrow deeper as GoldenTree prices $616 million CLO refi
4 years ago
GoldenTree Loan Management on Friday brought the largest CLO refi yet of 2020 -
CLO pipeline: a refi of nine cuts time (and margins)
4 years ago
Nine US CLO managers are preparing to refinance one of their CLOs to lower financing costs
Want all the latest news, comment, analysis and data?