Creditflux

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

Crescent swoops into mid market CLOs with 'reverse-sequential' ramp-up strategy
Crescent Capital Group is launching its debut CLO backed by middle market loans and has opted to use an unusual ramp-up tactic

Conservative approach pays off as Kayne Anderson issues tight CLO triple Bs
US loan managers that run conservative portfolios are being rewarded in the primary CLO market with tighter junior debt financing

CBOs aren’t fixated on interest rate moves

Two roads diverged in the CLO wood

Diameter circles back to CBO market with its second transaction
Diameter Capital Partners yesterday priced its second CBO, just five months after issuing its first, according to market sources

Cairn teams up with NatWest and GreensLedge for first-time CLO partnership
Cairn Capital is working with NatWest Markets and GreensLedge to refinance its 2016 vintage CLO named Cairn CLO VII

Anchorage prices new issue CBO via GreensLedge
Anchorage Capital Group has priced a $405 million CBO named Anchorage Credit Funding 9, according to market sources

Voya teams with GreensLedge for the first time to produce $467 million CLO
Voya Alternative Asset Management teamed up with GreensLedge yesterday for the two firms' first CLO transaction as partnership

GreensLedge hires experienced CLO pair as it launches asset management business
GreensLedge has made a huge statement by hiring two from Barings' CLO investment team

PennantPark makes CLO market debut amid fundraising spree
PennantPark Investment Advisers, a New York-headquartered direct lending firm, yesterday priced its first ever CLO, becoming the US market’s eighth debut manager of 2019

Investcorp refinances 2016 US CLO
Investcorp has joined the list of managers refinancing 2016 vintage CLOs after pricing a $368 million deal with GreensLedge

Mid Market CLO league tables: Middle market continues to draw fresh faces
Golub Capital continues to top the manager rankings, however below the established middle market CLO managers sit a couple of newcomers.

Diameter becomes first firm to jump into CBOs without taking a step in CLOs
Diameter Capital Partners has joined the small group of firms who manage CBOs, it has emerged

BMO makes rare CLO appearance with mid market deal
Greensledge has helped BMO Asset Management price its first middle market CLO since 2015

Anchorage prices its second CBO as triple A spreads compress
Anchorage priced its second CBO of 2019 last week via Greensledge

KKR prices second CLO in space of a day
KKR Financial Advisors went wild in the CLO primary market yesterday by pricing a new issue on both sides of the Atlantic

Anchorage prices 2019's first CBO with seniors at 4.62%, halving basis with CLOs
Anchorage Capital Group priced 2019’s first CBO yesterday, naming the $300 million deal Anchorage Credit Funding 7

GSO prices Europe's largest new issue CLO in over six months
 Europe’s CLO primary market is taking off, with GSO Capital Partners today becoming the third manager to price a new issue deal on the continent

GreensLedge and NatWest score GSO as euro CLO client
GSO Capital Partners has mandated GreensLedge and NatWest Markets as co-arrangers for its first new CLO of the year, named Crosthwaite Park

Deerpath delivers after wrapping up debut mid-market CLO via GreensLedge
Christmas really is approaching: with GreensLedge at the reins, Deerpath presents its first middle market CLO

On cloud nine: GSO prices $616 million Cirrus deal in debut CBO
The world’s largest CLO manager entered the collateralized bond obligation market on Friday

Seasoned European CLO structurer lands at GreensLedge
An experienced CLO structurer has landed at GreensLedge in London, where he takes up a role as managing director

Brigade prices triple Bs tight of double As with second CBO of 2018
Brigade Capital Management priced its second CBO of the year on Friday named Brigade Debt Funding II

Summer of innovations continues as manager prices Europe's first 2.0 CBO
A US-headquartered manager has priced Europe’s first CBO since the financial crisis, according to market sources