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2017 vintage CLO is reset by Napier Park
28 days ago
Napier Park reworked one of the older deals in its current portfolio this afternoon when it priced a reset of Regatta X Funding -
Ares add new European CLO to its roster
1 month ago
The second half of this week saw a renewed rush of European issuance, and Ares was amongst those coming to the market -
US BSL CLO rankings - FY 2023
5 months ago
Our full rankings for the US BSL CLO market, including arrangers, managers, law firms and trustees -
US MM CLO rankings - FY 2023
5 months ago
Our full rankings for the US MM CLO market, including arrangers, managers, law firms and trustees -
US CLO credit Air Methods Corporation files for bankruptcy
7 months ago
Air Methods Corporation, a widely held name in the US CLO market, filed for Chapter 11 this morning reporting USD 1bn to USD 10bn in liabilities. -
Beneath the triple C: Stormy October hits CLOs with rising tide of downgrades
1 year ago
After a slight respite in the pace of downgrades over the summer for CLOs, October brought renewed momentum as macro-economic pressures - primarily high interest rate burdens for corporate borrowers and supply side inflation - became the recurring rationale -
AlbaCore locks in triple As for longer with tight CLO execution
2 years ago
AlbaCore Capital has gone the unusual route of featuring two separate non-call periods for tranches on its latest European CLO today, arranged by Jefferies -
HPS resets 2017 CLO bought from Bardin Hill
2 years ago
HPS Investment Partners has reset and upsized a 2017 CLO it acquired from Bardin Hill Investment Partners in 2021 -
Spreads jump wider as Fed chair gets another four years
2 years ago
Financial markets have not reacted well to the nomination of US Federal Reserve chair Jerome Powell for another four-year term, taking this as signal for a more hawkish path of policy -
Credit bull run falters as central bank glow abates
2 years ago
Thoughts that the credit market had taken a positive directional shift are turning, after Tuesday’s session has brought a sizeable retracement wider, but credit strategists predict an overall firming of tone into the end of the year off the back of dovish central bank meetings -
Triple A loan tranches keep getting bigger as Axa IM resets European CLO
3 years ago
Axa Investment Managers has reset its 2015 vintage European CLO Adagio IV and has become the latest manager to feature a substantial loan tranche as part of the transaction -
Refis, resets and reissues back in vogue as four US CLO managers print deals
3 years ago
Various shades of CLO refinancings dominate the US CLO primary market with four deals - two refis, a reset and a reissue - printing on Wednesday for a total volume of $1.1 billion. This surpassed all US CLO refinancings in the six months from March to September last year -
Curve trades in focus as US high yield surges tighter
3 years ago
The strength of improvement in US high yield spreads looks to have shifted gear, with outperformance over European credit and a big move for CDX HY index curve trades -
GSO out the gate with first new issue CLO post-covid 19 crash
4 years ago
GSO Capital Partners today became the first manager to issue a CLO following the coronavirus-triggered financial crash -
US CLO issuers get pricing signals as triple As trade in secondary at 375bp
4 years ago
Would-be US CLO issuers were given an indication of pricing levels yesterday after a CLO that turns static in July hit the secondary market -
Palmer Square becomes third manager to tout special static sell-off CLO
4 years ago
Palmer Square Capital Management is the latest manager to unveil a forthcoming static CLO to make good from the loan market's sell-off following the coronavirus outbreak -
PGIM revives CLO plan with switch to static transaction
4 years ago
The CLO market has been on hold for three weeks due to coronavirus-induced volatility, but experienced CLO managers are attempting to revive the primary pipeline via a static format -
GSO close to pricing static US CLO after buying $428 million of secondary loans
4 years ago
A CLO primary pipeline is starting to re-emerge following the March sell-off, with GSO Capital Partners marketing a static $463.5 million CLO to investors via Citi -
GSO aims to place US CLOs in Europe
4 years ago
GSO Capital Partners has launched a manager entity named Blackstone/GSO CLO Management LLC in an effort to sell US CLOs into Europe. -
Triple A spreads burrow deeper as GoldenTree prices $616 million CLO refi
4 years ago
GoldenTree Loan Management on Friday brought the largest CLO refi yet of 2020 -
US CLO league tables: new issues drive volumes as Morgan Stanley and Citi occupy top two spots
5 years ago
Two months into 2019 and the US CLO market looks very different to previous years, as the balance of deal origination has changed -
Global CLO league tables: new year, new issues
5 years ago
Momentum in the CLO market at the start of 2019 is less forceful than it was at the beginning of 2018 and 2017, on the basis of opening volumes -
US CLO round-up: Dry January ends early as spreads get hammered
5 years ago
Is the 2019 vintage going to be a classic? It's certainly started off slow, but it could mature into something very special if loan volatility persists -
European CLO round-up: single B basis between US and Europe narrows
5 years ago
The European CLO market finally came out of its issuance shutdown on Friday when Credit Suisse Asset Management partnered with Barclays to price Cadogan Square CLO XIII. -
PGIM redeploys print and sprint strategy, pricing second short new issue via Jefferies
5 years ago
PGIM has continued its print and sprint strategy with a second short CLO in as many months, as the primary market finally reawakens
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