Guggenheim returns with second new US CLO in two months
Guggenheim priced a second new US CLO in as many months in late December, bringing a striking end to its two-year pause on new issuance

Beneath the triple C: Stormy October hits CLOs with rising tide of downgrades
After a slight respite in the pace of downgrades over the summer for CLOs, October brought renewed momentum as macro-economic pressures - primarily high interest rate burdens for corporate borrowers and supply side inflation - became the recurring rationale

Guggenheim returns to BSL CLO new issue market after two-year break
Guggenheim priced a static CLO this week, bringing to a close its two-year pause on issuing new deals backed by broadly syndicated loans

CSAM does the CLO awards double
Winning the Creditflux Manager of the Year award is a feat in itself. Winning it back-to-back in such different markets is an outstanding achievement — and CSAM can take great pride in it

Guggenheim prints second new CLO in as many months
Guggenheim Investments has priced its second middle market CLO in as many months, teaming up with Wells Fargo as bookrunner and Capital One Securities as co-placement agent to print the $450.4 million Guggenheim MM CLO 2021-4

Mid market CLO league tables: deal record breaks as Wells Fargo gains new issue lead
The mid market CLO space had a record-breaking month in November on three counts

Guggenheim prints first new CLO in 18 months
Guggenheim Investments on Thursday issued its first new CLO in over 18 months

Guggenheim splits double Bs and merges triple As in US CLO refi
Guggenheim Investments refinanced Guggenheim 2019-1 on Tuesday night via MUFG and opted to split its double B-rated D tranche in doing so

CLOs wheel and deal as overlap increases
2020 CLOs are a different breed to any other vintage. But this cohort features an overlap of almost 40% as CLO issuers have been forced to focus almost entirely on secondary market loans

Weekly refi volume passes $5 billion as five CLOs price
Another $2.06 billion of CLO refinancings priced in the US on Friday, bringing the weekly total to over $5 billion

Three years after launch, Rockford Tower joins the elite
The CLO platform launched by King Street Capital Management in 2017 has been crowned Creditflux Manager of the Year

LP round up: Oregon eyes $1.8 billion into structured credit
Institutional investors have earmarked over $6 billion to credit funds over the past two weeks

Global CLO b-wic round-up: CLO lower mezz spreads tighten back after volatile two weeks
Secondary CLO spreads in the US and European markets have recovered after moving wider over the last two weeks

OC health check: CLOs heal up with no new breaches among US BSL deals
53 CLOs reported an over-collateralisation (OC) test breach last week, but only two CLOs breached an OC test for the first time, neither of which were US broadly syndicated loan CLOs

$350 million of CLO collateral drips into default as oil companies file for Chapter 11
CLOs hold $353 million worth of debt of two oil and gas companies - Ultra Petroleum and Gavilan Resources - which have become the latest casulties of the precipituous decline in oil prices. The pair filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas on Thursday and Saturday, respectively

US CLO league tables: coronavirus brings changes in approach and new top manager
Amid a big slump in CLO primary issuance, new deals have taken focus and there are some notable changes at the top of the league tables

US primary CLO market gathers pace as Guggenheim makes a comeback
Guggenheim Partners has staged a return to CLO primary issuance after eight months, pricing a new transaction despite the extended volatility following the coronavirus outbreak

Golub makes its way into Europe with big direct lending hire in London
Golub Capital has ticked off one of its big targets for 2020 – establishing a European direct lending business – with market sources indicating that the firm has hired a senior official from Guggenheim in London

Carlyle hires to New York credit opportunities team
Carlyle has appointed a former Guggenheim official to its credit opportunities team in New York

Credit funds at a glance
A round-up of fundraising and people moves in credit

US CLO round-up: summer blues don’t weigh on the issuance parade
Summer is shining on US CLOs as $3.8 billion worth of activity entered the market last week. The flow brought four new deals (including one middle market deal), one reset and two refinancings.

Guggenheim prices first broadly syndicated loan-backed CLO in nearly two years
Guggenheim Investments made a long-awaited return to the US CLO market on Friday, pricing its first new deal backed by broadly syndicated loans in almost two years

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.

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