Creditflux

Monroe becomes first manager to price mid market CLO since August
Monroe Capital has priced the first middle market CLO since August in a $454.35 million deal arranged by BNP Paribas.

Neuberger and BNP Paribas team up for first new CLO as partnership for five years
Neuberger Berman Loan Advisors is teaming up with BNP Paribas on a CLO transaction for the first time in five years

Macquarie appoints ex-UBS official to build new asset-based finance business
Macquarie Capital is building a asset-based finance platform has appointed ex-UBS official to lead the new group

Voya prices short reset of its oldest active CLO from 2012
Voya Alternative Asset Management has brought back the three-year CLO reset, pricing the first of these short transactions since August

BNP Paribas AM refinances 2017 CLO triple As at 65bp
European CLO refi spreads edged tighter today for the second time in as many days as BNP Paribas Asset Management repriced the triple A tranche of its 2017 deal known as BNPP AM Euro 2017

Symphony prices unusual post-reinvestment CLO refi
Symphony Asset Management has taken the rare step of refinancing a post-reinvestment CLO, according to market sources

Political risk puts December in focus as CDS investors play index volatility
Selling implied volatility has been prominent among CDS investors since last month’s iTraxx and CDX index rolls, says BNP Paribas in a research piece, with December a popular point of focus for trades

PGIM teams up with BNP Paribas for new issue US CLO
PGIM priced its fifth new issue CLO of the year on Friday in a $401.3 million transaction arranged by BNP Paribas

Investcorp resets and upsizes 2017 European CLO
Investcorp Credit Management has reset and upsized its 2017 CLO named Harvest CLO XVII, according to market sources

OFS plans CLO market return with first new issue since June 2018
Orchard First Source could become the 120^th manager to price a transaction in the CLO market this year, according to market sources

Investcorp looks to become first manager to reset a 2017 CLO
Investcorp Credit Management is setting itself up to be the first CLO manager to reset a deal that first priced in 2017

PGIM scores Europe's tightest CLO print of 2019 as resets make a comeback
PGIM yesterday reset its 2016 CLO named Dryden 48 via BNP Paribas, according to market sources, scoring the European market’s tightest triple A print of the year at 101 basis points over Euribor

Regatta prices first US CLO in 12 months
Regatta Loan Management - the capitalised manager vehicle linked to Napier Park Global Capital - yesterday returned to the CLO primary market with its first new issue in the US market for just under a year

PGIM to join exclusive list of managers to reset, rather than refi, a euro CLO
PGIM is set to join the small but growing list of managers to reset a European CLO this year, as the manager teams up with BNP Paribas to bring a reset of Dryden 48 Euro CLO

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

Ares refinances single tranche of 2016 CLO
Ares Management returned to the CLO primary market on Friday to price its seventh transaction of 2019

European CLO spreads show signs of tightening as BNP Paribas AM prices new issue
BNP Paribas Asset Management returned to the CLO primary market yesterday, issuing its first new deal of the year, named BNPP AM Euro CLO 2019

BNP Paribas AM targets Europe's tightest CLO print since April
BNP Paribas Asset Management is targeting a 111 basis point triple A spread on its forthcoming CLO, according to market sources

PGIM goes all in as it refis 2016 CLO for second time
Having refinanced the junior debt in a US CLO last year, PGIM has refied the entire capital stack of its 2016-vintage CLO

CIFC becomes first manager to print four new issue US CLOs in 2019
CIFC Asset Management today became the first CLO manager to price four new issues in the US market this year after executing a deal via BNP Paribas

TICP cuts triple A spread down to 120bp in refi of 2016 CLO
TICP yesterday cut the funding costs of a 2016 vintage CLO by 38.74 basis points via refinancing

Arrival of five-year bespokes draws in CLO investors
Synthetic bespoke tranches are undergoing a major shift, with dealers projecting five-year business to supersede previously dominant shorter tenors by the end of 2019.

US CLO round-up: dropping anchor (investors) brings CLO spreads tighter
Syndication was the theme of the week across the global CLO market last week as managers and arrangers presented deals which were sold to a more diverse group of investors than has been the case for most of this year.

GSO prices CLO with tightest prints across senior and junior tranches
CLO spreads fell sharply yesterday as GSO Capital Partners priced a new issue deal named Niagara Park CLO with a weighted average funding cost of 176.65 basis points over Libor

Oaktree refinances 2016 European CLO with triple As at 87bp
Oaktree Capital Management yesterday refinanced its 2016 vintage CLO named Arbour CLO IV, producing the European market’s first sub-90 basis point print in over nine months