Creditflux

Triple As could dip back into double digits as KKR plots Europe's largest CLO of 2019
Triple A CLO spreads could be about to dip below 100 basis points again in Europe as KKR markets a reset with price talk ranging from 99 to 102bp over Euribor

Par-Four markets first deal since forming JV for its CLO equity
Par-Four Investment Management is marketing its first new CLO since striking a deal with Jefferies and Davidson Kempner to purchase its equity

CLO pipeline: refis can't wait till after summer
The CLO market in both the US and Europe looks to be slowing down in the near future with only two deals added to the running pipeline.  

CLO pipeline: US takes up baton after European July sprint
The US CLO market is ready to kickstart issuance in August as nine deals have been added to the running pipeline.

Euro CLO spreads could tighten further as Spire targets 105bp triple A print
Spire Partners is looking to bring Europe’s CLO market even tighter as it readies a reset of its inaugural deal named Aurium CLO I

New generation of US CLO managers battle to join industry top ranks
The US CLO manager base is growing at its fastest rate for years, with new firms springing up all over the country to issue these transactions

Bain edges closer to second US CLO of the year
Bain Capital Credit is targeting its second US CLO in 2019

CLO pipeline: CSAM and Octagon look to move further ahead of the chasing pack
The CLO pipeline in all three markets looks similar to last week with a reduction of only around $500 million in predicted new issue volumes in each of the US, European and mid market CLO spaces. But all three of these market segments look healthy with new issues and refinancings being favoured by managers

Junior notes of forthcoming GSO European CLO go subject
GSO Capital Partners is marketing a new European CLO via Deutsche Bank named Dunedin Park CLO, which was announced yesterday

Bridge markets fourth CRE CLO
With three prior deals outstanding, Bridge Investments last visited the market in December

Barings targets 110-111bp print on forthcoming European CLO
Barings is looking to join the exclusive list of European CLO managers to issue triple As around 110 or 111 basis points over Euribor

Deutsche AM's real estate division prepares second infra CLO
RREEF America, a subsidiary of Deutsche Asset Management that invests in commercial real estate, is readying a new securitisation backed by project finance assets named RIN II

KKR looks to price third new issue US CLO of 2019 amid tighter market
KKR Credit is targeting its third new CLO of the year. KKR CLO 26 is being marketed by Credit Suisse and is set to price at tighter levels than the other KKR CLOs that have been issued this year, judging by price talk

Sound Point readies second European CLO after debuting in April
Sound Point Capital Management has launched its second CLO in Europe

CLO pipeline: managers return in force after varying time-outs
CLO managers in all markets are taking the view that the time is ripe to print their latest deals. There are 30 transactions in the US CLO pipeline this week with a further four in the middle market space and Europe

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

Pimco plans CLO management return after 12-year absence
Pimco is lining up a return to CLO management, over a decade after its last deal. The Newport Beach-based firm has been absent from the primary market since pricing Portola in November 2007.

Points up front: Producing the perfect CLO
Mitsubishi UFJ Financial Group’s head of CLO issuance Asif Khan directed a thought-provoking question to Pimco’s Loren Sageser at Creditflux West last month.

Chenavari changes tack and chooses vertical risk retention in first CLO for 17 months
Chenavari Investment Managers is set to end its near 17-month absence from the CLO primary market

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

Fresh out the box: manager readies debut CLO via JP Morgan
A US fund manager is launching its debut CLO - and there's not much in the way of triple A debt 

CLO pipeline: Barclays and Goldman branch out to mid market
The US CLO pipeline has been full in recent weeks and this continues, with 18 new issue CLOs and a further nine refinancings appearing this week.

CLO pipeline: newcomer emerges with unusual transaction
The US CLO pipeline continues to fill up, with 20 new issue US CLOs featured and another 17 deals set to be refinanced.

Florida-based manager revives plan for rare emerging markets CBO
RVX Asset Management has launched an unusual securitisation backed by emerging markets debt, according to market sources

CLO pipeline: deal flow picks up as Amherst and SocGen work on mandates
This week’s CLO pipeline looks very healthy in the US broadly syndicated loans CLO market with Amherst Pierpont and Societe Generale among the firms working on mandates