Creditflux

CLO running financing costs plummet as East West prices debut deal
East West Investment Management has priced its debut US CLO and taken an unconventional approach in doing so with sources indicating that the firm has retained much of the debt in its deal

DFG seeks secondary loans for new series of Pulsar CLOs
DFG Investment Advisers is launching a new line of CLOs with collateral sourced entirely in the secondary market

Apex prices $408.35 million us CLO
Apex Credit Partners on Friday priced a $408.35 million new issue CLO, named Apex Credit CLO 2019-2, according to market sources

BMO brings in experienced CLO official to lead structured credit business
A former Lehman Brothers official has landed at BMO, suggesting the firm is set to scale its CLO business  

Jefferies Finance prices second CLO of 2019 backed by revolvers
Jefferies Finance on Friday priced its second CLO of 2019 backed by revolving credit facilities, according to market sources

Ex-Jefferies high yield sales and trading head lands at Imperial
He will be responsible for managing and expanding the firm’s global fixed income sales, trading and research business

Par-Four prices first CLO since striking Davidson Kempner and Jefferies equity deal
Par-Four Investment Management yesterday priced a new issue CLO named Tralee CLO VI

Par-Four markets first deal since forming JV for its CLO equity
Par-Four Investment Management is marketing its first new CLO since striking a deal with Jefferies and Davidson Kempner to purchase its equity

PGIM resets January 2019 'print and sprint' CLO for three years
PGIM has teamed up with Jefferies to reset its ‘print and sprint’ CLO from earlier this year, extending the deal’s reinvestment period for three years

Florida-based manager revives plan for rare emerging markets CBO
RVX Asset Management has launched an unusual securitisation backed by emerging markets debt, according to market sources

MJX and Jefferies price 13th new CLO as a partnership
MJX Asset Management and Jefferies teamed up again yesterday for their 13th new issue CLO as a partnership, according to market sources

Correction: Apex prices latest CLO offering with $399 million new issue
Apex Credit partners, the credit management arm of Jefferies, priced a $399 million new CLO yesterday named Apex Credit CLO 2019-1

MidOcean joins growing list of CLO managers pricing refi triple As at 125bp
MidOcean Partners yesterday teamed up with Jefferies to refinance its 2016 CLO, MidOcean Credit CLO VI

Aegon prices 10th new CLO and sixth arranged by Jefferies
Aegon USA Investment Management tapped the CLO market on Friday, issuing a $404 million deal named Cedar Funding XI

CLO pipeline: refinancings to make a comeback
CLO refinancings look set to continue their recent surge in the US CLO market, with another five refinancings and two resets appearing in the pipeline.

Jefferies subsidiary and Stonyrock plan mid-market alternative manager stake acquisitions
The new joint venture will invest in private equity, credit, hedge funds, real estate, venture, and infrastructure firms

Bain prices EU-compliant US CLO in first partnership with Jefferies
Bain Capital Credit priced a $506.75 million new issue CLO yesterday, known as Bain Capital Credit 2019-1

Bain teams with Jefferies as it markets four CLO triple A tranches in latest deal
Bain Capital floated price guidance today via Jefferies on a two-year non call, five-year US CLO, according to market sources

Crescent looks to meet fixed note appetite with new CLO via Jefferies
Crescent Capital Group priced its first CLO of the year via Jefferies today named Atlas Senior Loan Fund XIII

Voya teams up with Jefferies for the first time to print short-dated CLO
Voya Alternative Asset Management priced a new issue CLO yesterday with a six month call-lock and a one year reinvestment period

PGIM redeploys print and sprint strategy, pricing second short new issue via Jefferies
PGIM has continued its print and sprint strategy with a second short CLO in as many months, as the primary market finally reawakens

PGIM takes advantage of loan volatility to price opportunistic one-year CLO
PGIM has accomplished its goal after pricing an opportunistic CLO, which takes advantage of falling secondary market loan valuations

PGIM markets US CLO with highly-diversified portfolio and one-year investment window
PGIM is marketing a new US CLO featuring a highly diversified portfolio exposed to 466 loans, sources say

Ex-Citi CDO trading chief joins Jefferies as head of European fixed income
Jefferies has appointed a former Citi European credit and pre-crisis CDO trading head to lead its European fixed income business

Pretium prices two-year reinvestment CLO with triple As at 118.66bp
Pretium Partners has priced a fourth new issue CLO in the space of a year for the first time in its history