Creditflux

Euro CLO league tables: repricings take centre stage in bumper month as CVC leaps into first
The European CLO market returned with a bang in September as €4.8 billion of issuance priced of which €2.7 billion was in repricings.

THL joins group of managers to refinance 2017 CLOs
THL Credit Advisors yesterday joined the short but growing list of managers to refinance a 2017 CLO, according to market sources

Boeing/Airbus dogfight widens spreads as WTO ruling exposes Europe's trade weaknesses
The World Trade Organisation’s go-ahead for the US to impose $7.5 billion of tariffs on imports from the EU has sent credit spreads sharply wider. And, according to latest credit research from Bank of America Merrill Lynch, it exposes Europe’s “Achilles heel”

Angelo Gordon prices first euro CLO and matches market's tightest triple A print
Angelo Gordon made its European CLO market debut on Friday and scored the continent’s tightest triple A print in the process, according to market sources

Two managers market their first ever European CLOs
Two CLO managers are in the process of marketing their inaugural European CLOs to investors, according to market sources

Four sectors most favoured by bullish resumption of QE, say BAML strategists
Autos, healthcare, media and real estate bonds are likely to be the biggest initial beneficiaries if the European Central Bank reinvigorates its corporate sector purchase programme (CSPP) next week, say Bank of America Merrill Lynch credit strategists

Marble Point prices new CLO with unusual debt structure
Marble Point yesterday priced its second new CLO of 2019 via Bank of America Merrill Lynch, according to market sources

CIFC becomes second CLO manager to issue five new deals in 2019
CIFC Asset Management on Friday became only the second manager to price a fifth new US CLO of 2019, according to market sources

US CLO league tables: JP Morgan narrows gap to Citi in new issues to $50 million
July saw $14.9 billion of issuance in the US CLO space with $9.4 billion of that in new issue CLOs. One of the transactions brought to the market was Whitebox Capital Management’s debut CLO, Whitebox I.

PineBridge refi shows steep term curve in European CLO market
PineBridge Investments has refinanced its 2016 vintage CLO named Euro Galaxy V, according to market sources

HPS scores tightest print on Friday as CLO volumes soar
HPS Investment Partners stood out from the pack on Friday with some of the tightest debt execution on a day in which a huge $2.89 billion CLO paper was brought to market in the US

GoldenTree prices second multi-arranger US CLO of 2019
GoldenTree yesterday teamed up with Wells Fargo to price its latest CLO offering named Goldentree Loan Management US CLO 5

Ares and Barings lead the way as triple A spreads regain lost ground
CLO triple A spreads in Europe have reached their tightest point in months, with two deals issuing their first pay notes at 108 basis points over Euribor

Wells Fargo brings in head of IG credit trading
Wells Fargo has hired a head of investment grade credit trading and a credit sales official to its team in the US

Alcentra scores tightest 1.5-year US CLO spread after 2016 deal refinancing
Alcentra has refinanced a single tranche of its 2016 CLO named Shackleton 2016-IX

Partners teams with BAML to price US CLO
Partners Group has teamed up with Bank of America Merrill Lynch to price its fourth US CLO since debuting in May 2018

Euro CLO league tables: three debutants, but familiar faces stay top
June brought €3.4 billion of European CLO issuance between seven new issues and two refinancings. Of the seven new issue European CLOs priced last month, three were from debut managers to the continent 

European spreads come in as CVC prices latest CLO via BAML
European CLO spreads dipped tighter yesterday as CVC Credit Partners issued its latest deal with triple As pricing at 110 basis points

CVC targets 110bp triple A print as European CLO spreads show signs of tightening
CVC Credit Partners is close to pricing a European CLO, with price guidance suggesting strong demand for the deal's debt

CIFC announces four analyst hires in London
CIFC Asset Management says that it has completed phase one of its build-out of a European credit team

Permira returns to price third 2.0 European CLO
Permira Debt Managers priced its third European new issue CLO since returning to the market in February of last year and its first this year.

Golub upsizes 2017 CLO with refinancing
Golub Capital has refinanced and upsized a 2017 vintage broadly syndicated CLO named Golub Capital Partners CLO 35(B)

Carlyle scores 2019's tightest CLO triple A as it prints via BAML
Carlyle Group has priced the tightest triple A print in the US CLO market of 2019, according to market sources

Spreads tighten as ICG prices second euro CLO of 2019
Intermediate Capital Group teamed up with Bank of America Merrill Lynch yesterday to price a new issue CLO named St Paul’s CLO XI

Arrowmark refinances post-reinvestment Elevation CLO
Arrowmark Colorado Holdings yesterday took the unusual step of refinancing a 2015 vintage CLO that has left its reinvestment period