Resets prove lynchpin of US issuance as deal flow ramps up
US CLO issuance this week was dominated by a brace of resets, with deals issuing from the likes of AGL, AMMC, PPM, Sycamore Tree and Saratoga Investment Management

New mid market issues from Ares, Deerpath total over USD 1.3bn
The two managers each priced deals worth over USD 650m on Thursday

HIG issues second new mid-market issue for 2025
The deal, which priced its senior triple A paper at SOFR plus 155bps comes as mid-market CLOs have taken a significant step tighter in spreads

Mid-market repricings keep coming, with deals from Deerpath and MidCap
The two transactions at the end of last week together totalled USD 1.3bn

Golub prints private credit CLO with triple-As reset at the tightest in three years
Golub’s latest transaction is the tightest triple-A mark for a private credit reset in three years    

Crestline debuts as a new manager with super-short, super-sized private credit CLO
Texan alternative asset management firm Crestline has priced its first CLO as a standalone manager on Friday  

Willow Tree prices second middle-market CLO
Willow Tree Credit Partners has priced a new middle-market CLO, three months after the manager’s debut offering in September

Sagard and HalseyPoint partnership prints first CLO
Sagard-HalseyPoint CLO 8 is the first CLO from the manager since alternative asset manager Sagard acquired a 40% stake in HalseyPoint back in March

Deerpath resets and upsizes private credit CLO from 2022
The reset of Deerpath Capital CLO 2022-1 almost doubled the size of the CLO from an original USD 374m to the new USD 725m

Irradiant turns to 2019-vintage deal for latest US reset
Irradiant Partners priced a reset of a late 2019-vintage US BSL CLO, with significant tightening throughout the stack

Churchill records tightest new middle market CLO print of the year
Churchill has priced the tightest new-issue private credit CLO of 2024, with a USD 398.5m deal called Churchill MMSLF CLO-IV

Brightwood resets 2019 MM CLO
The reset of Brightwood Capital MM CLO 2019-1 went with a short-dated 1Y/2Y schedule  

Comvest gets off to a cracking start with two CLOs in three months
After making its debut in July Comvest has already returned to the market to price a second private credit CLO   

A new manager debuts as Willow Tree prices middle-market CLO
The CLO world welcomed a new manager on Tuesday when Willow Tree Credit Partners printed its debut CLO: a middle-market deal arranged by GreensLedge

HIG resets a static CLO into a reinvesting one
HIG Capital has printed a reset of WhiteHorse Principal Lending CLO 2022-1, a static middle-market deal from 2022, revamping the structure into a reinvesting CLO

Deerpath resets debut MM CLO for the second time
Deerpath Capital Management has priced a reset of US middle-market deal Deerpath Capital CLO 2018-1, the first-ever CLO from the manager

First new CBO in two years prices
Shenkman printed the first new CBO in over two years on Friday, working with GreensLedge, Barclays and Loop Capital Markets

Birch Grove prints new CLO in rare co-arranger deal
A new US BSL CLO from Birch Grove is one of just a handful of true multi-arranger deals this year

CIBC hires new head of structured credit sales
The Candian bank has added a veteran CLO banker to its growing team

Back to the beginning for PennantPark with 2019 reset
PennantPark has reset its inaugural CLO deal from 2019, a middle market transaction, with the senior triple-As printing at 175bps above SOFR

HalseyPoint resets BSL from early in the COVID era
HalseyPoint has reset HalseyPoint CLO II, a US BSL deal from June 2020, marking the first CLO activity by the manager in 2024

Unusual Golub CLO sees huge upsize
Golub Capital concluded last week with the reset of an unusual static middle market deal – a US CLO with a rare euro-denominated tranche

Another US MM CLO reset prices from Deerpath
The reset of the 2021-vintage middle-market Deerpath Capital CLO 2021-1 equalled 2024 tights for this type of deal

2020 vintage MM CLO gets a reset
PennantPark has priced its third middle-market CLO offering of 2024, a reset of a 2020-vintage CLO that was the manager’s second transaction

185bps settles in as MM CLO benchmark as Cerberus prices
Specialist middle market manager Cerberus added a second new issue to its 2024 roster on Friday, arranged by GreensLedge