Trimaran prints first new CLO since October 2019
Trimaran Advisors has priced a new issue CLO via Credit Suisse named Trimaran Cavu 2021-1

CLO pipeline: OFS to make comeback as 2020 absentees eye new issues
As liability spreads tighten day by day, the CLO pipeline is filling fast. 2020 absentees are joining the parade as four US managers and three European managers aim to return to the new issue market after taking a break of 12 months or longer

Trimaran adds to floating CLO refi trend after reworking 2016 CLO
The return of floating-rate CLO tranche refinancing, a trend that emerged in the final weeks of 2020, has continued into 2021 as Trimaran Advisors cut the funding costs on four tranches of Catamaran CLO 2016-1

Trimaran goes tighter with second US CLO tap of the year
Trimaran has loaded up its double A tranche with split fixed and floating rates

CLO 'mascot' appears on b-wic but fails to trade
A $2.25 million triple B CLO tranche with a mascot feature embedded appeared in the secondary market yesterday, but failed to trade.

Market split over Credit Suisse’s CLO mascots
Credit Suisse has introduced a new structural innovation to CLO notes known as a ‘mascot’ — a modifiable and splittable or combinable tranche, which it added to Trimaran Cavu 2019-1 and Ocean Trails CLO VII. 

CLOs at a glance

A round-up of CLO performance

Trimaran prices first CLO since LibreMax takeover
Trimaran Advisors has priced its first new CLO since its acquisition by LibreMax Capital in November last year

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.

LibreMax and TowerBrook join forces to invest in Trimaran CLO equity
LibreMax has confirmed that it is partnering with TowerBrook Capital Partners to invest in the equity of CLOs launched by its affiliate Trimaran Advisors

LibreMax strikes CLO equity deal after acquiring Trimaran
LibreMax is a name associated with managing hedge funds, but the firm is expanding into long-term strategies, geared towards lock-up funds. 

Till debt us do part: CLOs have and hold David's Bridal loans as they plummet 10.87%
CLOs hold $26.63 million exposure to David’s Bridal, which filed for Chapter 11 bankruptcy on Monday

LibreMax moves into CLO management with Trimaran acquisition
LibreMax Capital is set to buy US CLO manager Trimaran Advisors from Kcap Financial for $37.9 million

Trimaran wades into the CLO primary market for the first time in 2018
Trimaran Advisors yesterday priced its first CLO this year via Credit Suisse

CLO b-wic line-up: 5% CLO stakes go up for sale
With US CLO risk retention a thing of the past the door has opened for managers to offload their vertical strips

Vertical strips from two CLOs go up for sale after risk retention deadline passes
5% risk retention stakes in two CLOs - including the equity component - are up for sale next week

Trimaran refinances 2015 CLO after gathering equity votes
Trimaran Advisors has refinanced its 2015 US CLO in a deal arranged by Credit Suisse, market sources say

Trimaran returns to CLO market with $695.8 million reset
Trimaran priced its first CLO transaction of the year yesterday, resetting Catamaran CLO 2014-1, according to market sources

Investors redeem manager's legacy CLO for 22% final IRR
A US credit manager is down to one outstanding pre-crisis deal after redeeming a strongly-performing 2007 vintage CLO last week

Credit Suisse kicks off December with $1.7 billion in CLO issuance
Credit Suisse’s CLO arrangers have kicked the new month off by pricing three CLOs in a single day for a total of $1.7 billion in new issuance

Trimaran secures tightest US senior CLO print of the year with refi
Trimaran Advisors has priced its second CLO refinancing in the space of a week, securing the tightest triple-A print of the year in the process

Trimaran sails back into CLO market for first time since 2015 with refi
Bank of America Merrill Lynch has priced a CLO refinancing for Trimaran Advisors, according to market sources

$308 million Trimaran CLO called for 20.4% IRR
Trimaran CLO VI, which launched in August 2006, made its final distribution to noteholders on 2 February

Legacy Trimaran CLO called for 15.6% IRR
Trimaran CLO IV, which closed in September 2005, was redeemed in full on Monday