Neuberger Berman prints first new issue US CLO of November as mezz spreads tighten
Neuberger Berman has brought to an end the CLO issuance drought surrounding the US election by printing the market's first new issue of November

CLO pipeline: New issuance pause ends as managers look to gain from rallying spreads
It is two and a half weeks since the last US CLO new issue priced, but that is set to change and Bridgepoint’s debut European transaction on Friday brought an end to Europe’s own two-and-a-half-week primary break

Global CLO b-wic round-up: Secondary markets rally despite ‘worst liquidity seen all year’
An adjournment in the US for Veterans Day last week still left plenty of time for the CLO secondary market to rally, thanks to Pfizer's covid-19 vaccine breakthrough and a firmer indication of the US presidential election results

Neuberger Berman seeks investors for fourth private debt fund
Neuberger Berman is fundraising for a fourth private debt fund, a little over 18 months since it closed the previous offering

Global CLO b-wic round-up: CLO lower mezz tightens while equity investors strive for duration
A large supply of CLO paper flooded the secondary market last week as $1.5 billion of US CLO bonds and €370 million of European CLOs were listed, according to CLO-i

Neuberger Berman prints third largest and second tightest post-covid CLO
Neuberger Berman has priced its third new issue CLO of 2020, according to market sources

CLO pipeline: managers large, small and new ready to price in post-Labour Day surge
US managers are preparing a wave of new issue CLOs in the coming days, as the usual post-Labour Day pricing surge comes to fruition even in this most unusual of years

Double B spreads move inside pre covid-19 levels as Neuberger Berman prices CLO
US CLO double B spreads are 75bp tighter than then were in early March with two Neuberger Berman deals highlighting the fact that investment grade CLO tranches have lagged junior tranches since the March sell-off

Neuberger launches 'flexible' global credit Ucits fund with $200 million
Neuberger Berman has launched a flexible global credit Ucits fund to expand its $150 billion fixed income platform

Bankrupt Hertz runs out of gas with CLOs holding $245 million
CLOs hold $245 million of Hertz’ debt as the US-based car rental company drives into bankruptcy protection, with the coronavirus panedemic putting brakes on the Estero, Florida-headquartered's firm car rental operations

CLOs hold $100 million of Intelsat debt as it files for bankruptcy
CLOs hold nearly $100 million of the debt of Intelsat, a Luxembourg-headquartered fixed satellite services provider, which filed for chapter 11 protection in the US Bankruptcy Court for the Eastern District of Virginia late last night

Who’s got the moves US: oil and gas leads renaissance for US CLO managers
The US leveraged loan market has held steady over the last two weeks. After rising to just below 87 of par in mid-April, the S&P LSTA US Leveraged Loan index closed at 85.75 to start this week

Neuberger Berman eyes $500 million fundraise for CLO opportunity fund
Neuberger Berman has become the latest manager to launch a CLO opportunity fund with the New York-headquartered manager looking to raise $500 million for the vehicle

CLOs at a glance: CLO primary market grinds to a halt
A round-up of CLO performance

Secondary CLO triple As slump below October levels
The secondary CLO market is showing no sign of stopping the rut with triple A rated paper in European and US markets displaying more weakness

Neuberger goes down in duration with one-year US CLO
Neuberger Berman has adapted to the sell-off in credit markets by launching a one-year reinvestment CLO, as opposed to a five-year deal

US CLO league tables: $2 billion reissue fires Apollo and JP Morgan to top spots
Apollo Global Management and JP Morgan teamed up to price the largest CLO of the 2.0 era in February that helped propel both to the top of the US CLO and global CLO league tables

Refi wave gets bigger as Apollo and Neuberger reprice CLOs
The US CLO refi wave continues unabated with Apollo Global Management and Neuberger Berman pricing the 27^th and 28^th refis to hit the market in 2020, according to market sources, pushing volumes to $12.5 billion in the process

Neuberger Berman refinances 2014 US CLO
Neuberger Berman has become the seventh CLO manager to refinance a transaction this week, after teaming up with JP Morgan to rework 2014’s Neuberger Berman CLO XVII

Neuberger joins rush of CLO managers refinancing 2017 deals
Neuberger Berman has joined the group of managers to refinance 2017 CLOs with a $368 million deal arranged by Citi

CLO pipeline: a refi of nine cuts time (and margins)
Nine US CLO managers are preparing to refinance one of their CLOs to lower financing costs

Three US CLO anchor equity positions go on sale one week after payment dates
A trifecta of control equity positions in US CLOs are available to bid on later today, one week after all three deals made scheduled payments to their investors. 

Global CLO b-wic round-up: US CLO equity returns in big way as four control positions hit the market
Over $230 million of US CLO equity went on sale last week via bid lists, the first time these assets have made their way to the secondary market in 2020. It also marks the most US CLO equity listed in a week since at least 2018, according to CLO-i

Two CLO control equity pieces go on sale one day before major dates
A pair of control equity positions are up for sale today as investors test the waters in the secondary market

Neuberger Berman splits new CLO tranche into principal and interest
Neuberger Berman has split its latest CLO's double A notes into principal and interest-only bonds, according to market sources, in a structure that echoes the ‘mascot’ features that rose to prominence in the CLO market this year