Creditflux

HalseyPoint markets debut deal with single Bs as senior US CLO spreads gap wider
HalseyPoint Asset Management is marketing a debut US CLO, which brings a return to CLO issuance for experienced portfolio managers Lynn Hopton and Yvonne Stevens

AGL targets new strategy with unusual low-levered CLO
AGL Credit Investors is testing the water with a new CLO structure, according to market sources

CLO pipeline: DFG keeps its finger on the pulse
It will be a busy year-end for new issue CLOs in the US. DFG is returning with Pulsar II, using collateral sourced entirely from the secondary market

Senior European CLO spreads edge wider as PGIM markets reset
PGIM is marketing a reset of a 2014-vintage European CLO with price talk on the floating rate senior notes at 98 basis points, say market sources

CLO pipeline: high triple C bucket opens a Gateway to pricing
In less than ideal market conditions, even experienced CLO managers are learning new tricks to keep the pipeline full. Of the 11 US new CLOs that appear in the pipeline this week, two are high triple C bucket transactions

Flexible CLOs grow in popularity as two managers eye triple C-heavy deals
Two credit managers - Anchorage Capital Group and Gateway Credit Partners - are in the market with their inaugural CLOs featuring high allowance for triple C assets

Wellfleet partners with Goldman Sachs for first time to market new CLO
Wellfleet Credit Partners is in the market with its first new issue CLO to be arranged by Goldman Sachs, according to market sources

Morgan Stanley IM pre-markets debut US CLO
Morgan Stanley Investment Management’s CLO ambitions have taken another step forward with market sources indicating that the firm has begun pre-marketing its debut US CLO

BlackRock’s first mid-market CLO to be managed by experienced team acquired from Tennenbaum in 2018
BlackRock is on track to become the latest manager to start issuing CLOs backed by loans to middle market companies.

European CLO manager hires MUFG for first 'fully compliant' ESG CLO
A CLO issuer is looking to take ESG compliance in European CLOs to another level by pitching its upcoming CLO as the “first fully ESG compliant CLO”, according to marketing materials seen by Creditflux

Be-Spoke one week away from pricing breakthrough SME CLO
Be-spoke Capital has moved a step closer to pricing its SME loan securitisation, with price talk emerging for the forthcoming Alhambra SME Funding 2019-1

CVC markets new issue European CLO via Deutsche Bank
Price talk has emerged for CVC Credit Partners’ forthcoming CLO new issue, CVC Cordatus Loan Fund XVI

Commerzbank markets new CLO with portfolio 93% ramped
Commerzbank is marketing its latest CLO offering named Bosphorus CLO V, according to market sources, with BNP Paribas arranging the deal

GSO markets its largest new issue CLO of 2019
GSO Capital Partners is partnering with Goldman Sachs on the manager’s fourth new issue US CLO of 2019 Beechwood Park, according to market sources. 

Neuberger and BNP Paribas team up for first new CLO as partnership for five years
Neuberger Berman Loan Advisors is teaming up with BNP Paribas on a CLO transaction for the first time in five years

Capital structure emerges for forthcoming debut CBO from Sculptor
Sculptor Capital Management is set to join the ranks of the world’s CBO managers, according to market sources

BlueBay set to join ranks of CLO managers after opening warehouse
BlueBay Asset Management is set to join the ranks of European CLO managers after opening its first warehouse with Credit Suisse

Chenavari joins growing group of CLO managers to refinance 2017 deals
Chenavari Credit Partners on Friday partially refinanced Toro European CLO 3, joining the small but growing list of managers to reprice 2017 CLOs in recent weeks

Octagon on course to become first manager to price six CLOs in 2019
Octagon Credit Investors is working on its sixth new issue CLO of the year, according to market sources

New manager premiums collapse as Capital Four markets first CLO
Capital Four Management has launched its first CLO and is marketing the deal via Goldman Sachs, according to market sources

New CLO manager Fort Washington markets debut transaction
Fort Washington Investment Advisors is marketing its first ever CLO, named Fort Washington CLO 2019-1

Barclays markets two new issue CLOs in Europe
Barclays is marketing the latest European CLOs for Invesco and Anchorage Capital Group, according to market sources

CBAM set to price third new issue CLO of the year
CBAM is marketing its third new issue CLO of 2019 and its second consecutive deal arranged by Citi, according to market sources

Redding Ridge does away with single Bs as it markets European CLO
Redding Ridge Asset Management is doing away with single Bs once again as it brings its third European CLO to market this year, known as RRE 3 Loan Management

Rockford Tower set to join group of ESG European CLO managers
Rockford Tower Capital Management is set to join the group of European managers to issue environmental, social and governance (ESG) complaint CLOs, according to market sources