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Natixis adds to CLO refi resurgence as it cuts funding costs for TCW
3 years ago
Natixis has priced the second CLO refinancing amid the coronavirus pandemic, bucking the trend by helping managers lower their funding costs despite the wider spread environment -
It’s all going to plan
3 years ago
Whether managers are relaxed because they can make up losses later, or are putting more money into their deals, panellists on the Creditflux West webinar weren’t panicking about OC breaches -
Global CLO b-wic round-up: double Bs lead the way as rally endures and drags equity with it
3 years ago
The CLO secondary market continued its hard rally last week as prices rose across the whole asset class with double B rated CLO bonds leading the charge tighter -
CLO tests and trading to feature at Creditflux West live on Tuesday
3 years ago
Creditflux’s live content returns on Tuesday with a US west coast theme. Creditflux West Live on 9 June features two panels diving deep into the details of the CLO market -
CLOs price at par again as TCW joins select group of new issuers
3 years ago
TCW Asset Management today joined the ranks of CLO managers to issue since the coronavirus pandemic dislocated markets -
TCW looks to price static US CLO with triple As at 230bp
3 years ago
TCW Asset Management is the latest manager to test the market for new CLOs amid the coronavirus crisis, with the firm targeting a Wednesday pricing date for its new deal named TCW CLO 2020-1 -
TCW follows debut AMR deal with tight-priced regular CLO refi
4 years ago
TCW Asset Management has priced a regular, old-fashioned CLO refinancing, having last month roadtested an Applicable Margin Reset feature for its first refi of the year -
US CLO league tables: old deals get a fresh start in the new year
4 years ago
The majority of CLO issuance last month was in all forms of repricings, which totalled $4.8 billion and accounted for 54.5% of US CLO volumes -
They said it: "Ticking time bombs"
4 years ago
In the article “We need to talk about high triple C/bond-heavy CLOs”, we asked the CLO market for consistency in how we describe triple C-heavy CLOs. One anonymous poster didn’t hold back. (We ended up selecting triple C-flex CLOs.) -
Landmark AMR auction drags CLOs into the digital age
4 years ago
The CLO market is set to witness its first digital refinancing as TCW Asset Management teams up with Kopentech to road test the latter’s applicable margin reset (AMR) platform, as Creditflux goes to press. -
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 -
First AMR auction passes smoothly with all bonds trading
4 years ago
The first applicable margin reset (AMR) auction took place between 8am and 10am eastern time yesterday to refinance TCW CLO 2019-1, with all five tranches clearing successfully -
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 -
TCW to revamp CLO refi market with first digital repricing this week
4 years ago
CLO refinancings are set to get a digital makeover this week with TCW Asset Management testing the applicable margin reset (AMR) on Thursday -
TCW takes advantage of lower base rate to price new CLO
4 years ago
TCW's second new CLO of the year has made use of a rallying market since its last venture in February -
CLO pipeline: Capital time to debut in Europe as liability spreads drop
4 years ago
CLO managers are showing no signs of slowing down, as a further 16 US and five European new issue CLOs, including Capital Four's CLO management debut, appear in the pipeline -
Managers back AMR following CLO auction improvements
5 years ago
Applicable margin reset (AMR) protocol, though untested as yet, is beginning to gather steam in the CLO industry -
US CLO round-up: years fall off CLO market as it gets back to its old self
5 years ago
The CLO market is starting to look rejuvenated, with the dense pipeline having this week offloaded seven new broadly syndicated deals and one middle market deal as Creditflux goes to press – totalling $3.7 billion of new paper. -
MUFG prices new issue CLO for TCW with AMR mechanism written in
5 years ago
TCW Asset Management Company priced a new issue CLO yesterday featuring Applicable Margin Reset (AMR) technology -
Los Angeles manager refinances previously reset CLO
5 years ago
A west coast manager has reworked a 2013 vintage CLO for the second time, according to market sources -
First Trust teams with TCW to launch unconstrained credit ETF
5 years ago
First Trust Advisors will act as investment advisor to the new actively managed fund, while TCW Investment Management will act as sub-advisor -
TCW completes return to CLO market with $408.6 million deal
6 years ago
Jefferies has continued to build on its relationship with TCW Asset Management by pricing the firm’s first new CLO since 2014 -
TCW ends three-year absence from CLO market to price reset of 2013 deal
6 years ago
TCW Asset Management has priced a reset of a 2013 CLO. And Creditflux analysis shows exactly how this CLO print compares to all other US CLOs this year
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