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Anchorage and Credit Suisse unite for first regular-way US CLO as partnership
8 days ago
Anchorage Capital Group has teamed up for the first time on a regular-way US CLO with Credit Suisse -
Anchorage resets CLO it bought from Garrison in 2020
26 days ago
Anchorage Capital Group has reset a CLO it bought the management rights to from Garrison Capital, which decided last year to exit the CLO management industry -
Anchorage prices first new European CLO since 2019
27 days ago
Anchorage Capital Group has returned to the European CLO primary market with its first new issue since 2019 -
Anchorage upsizes 2016 bond-flex CLO by $267 million with reset
1 month ago
Anchorage Capital Group has reset its 2016 vintage bond-flex CLO, Anchorage Credit Funding 4, upsizing the deal by $266.7 million in the process -
CLO pipeline: OFS to make comeback as 2020 absentees eye new issues
1 month ago
As liability spreads tighten day by day, the CLO pipeline is filling fast. 2020 absentees are joining the parade as four US managers and three European managers aim to return to the new issue market after taking a break of 12 months or longer -
European CLO triple As circle early 2020 levels as Redding Ridge and Anchorage enter market
1 month ago
European CLO triple A spreads are set to drop to low to mid 90s with Anchorage and Redding Ridge marketing new issue deals -
CLO issuers flex their bond muscles
2 months ago
Some panellists at Creditflux’s US CLO Investor Summit pointed to structural difficulties, but the consensus was that flexibility — particularly the ability to buy bonds — could improve performance -
Ares/Crestline CLO overlap jumps to 60% following Ares takeover, Fitch says
2 months ago
CLO acquirers have been busy converting purchased portfolios to their house-style, according to research by Fitch -
LP round up: Arcmont, Ares and Sixth Street win European direct lending mandates
2 months ago
Investors have allocated around $2 billion to credit funds in recent weeks, according to board documentation seen by Creditflux. Among those to recieve allocations include ADM, Arcmont, Ares, Audax, Bain, Centerbridge, Clearlake, Goldman Sachs merchant banking, Invesco, Monarch, Oaktree, Raven, Sixth Street and Sound Mark -
Global CLO b-wic round-up: Secondary markets rally despite ‘worst liquidity seen all year’
3 months ago
An adjournment in the US for Veterans Day last week still left plenty of time for the CLO secondary market to rally, thanks to Pfizer's covid-19 vaccine breakthrough and a firmer indication of the US presidential election results -
Global CLO league tables - October 2020 YTD
3 months ago
Global CLO league tables - October 2020 YTD -
Elements work against CLO managers in Q3
3 months ago
CLO equity distributions fell in Q3 largely due to factors, such as Libor mismatches, that CLO managers can’t control. But these headwinds could turn in favour of managers in the near future -
OC health check: CLOs wake up when September ends
4 months ago
September showed a slight but clear improvement in CLOs’ over-collateralisation test results as 182 CLOs breached an OC test during the reporting period, compared to 198 in August. -
CLO pipeline: fixed income giants plan debut 2.0s with Morgan Stanley
4 months ago
Two large fixed income managers are pre-marketing debut 2.0 CLOs -
Anchorage mixes it up with unusual 'partial reset' of US bond-flex CLO
4 months ago
Anchorage Capital Group has become the first manager to partially reset a bond-heavy CLO -
Senior bond-flex CLO tranches are 'cheapest bonds within securitised products': BofA
4 months ago
Triple A-rated notes of bond-flex CLOs are 'one of the cheapest bonds within securitised products', according to a new research paper by Bank of America -
Anchorage returns to three-year reinvestment structure for latest CLO
5 months ago
Anchorage Capital Group has returned to the market-standard three-year CLO structure for its latest Barclays-arranged deal, Anchorage Capital CLO 16 -
Anchorage prices first-of-its-kind bond flex CLO refi
5 months ago
Anchorage Capital Group has taken the unusual step of refinancing three tranches of its 2018 vintage CBO named Anchorage Credit Funding 5. Creditflux data shows the deal to be a first-of-its-kind transaction -
Anchorage prices first five-year CLO structure since March
5 months ago
Five-year CLO structures have returned for the first time since the coronavirus outbreak, thanks to a bond flex deal issued by Anchorage Capital Group -
Creditflux awards supplement shows how 2018 CLOs have outperformed
5 months ago
Creditflux is unveiling its CLO Manager Awards supplement today, shedding light on how CLO statistics are varying across vintages. The report finds that 2018 CLOs have been among the best performing of the last decade, capitalising on low financing costs to produce the highest equity distributions -
Global CLO b-wic round-up: secondary CLOs rally but dispersion persists
7 months ago
The US CLO secondary market rallied, and spreads compressed last week, but there are still several outliers -
Investors spy opportunities in CLOs subject to negative rating action
7 months ago
Rating agency downgrades come into play in Thursday's secondary market for CLOs, with a $15 million b-wic at 10am New York time highlighting how double and single B spreads have moved in opposite directions through July -
Anchorage prints its first loan-only CLO in a year
8 months ago
Anchorage Capital Group has priced a new $341 million CLO via Citi, the manager's first new issue following the coronavirus outbreak -
CLO pipeline: manager prepares crowning return as primary market gets busy
8 months ago
CLO secondary prices have rallied hard in recent weeks, providing impetus for the new issue deal pipeline to fill up quickly. But one surprise is that Western Asset Management has chosen this moment to return to the primary CLO market, after several years' absence -
Global CLO b-wic round-up: double Bs lead the way as rally endures and drags equity with it
8 months ago
The CLO secondary market continued its hard rally last week as prices rose across the whole asset class with double B rated CLO bonds leading the charge tighter
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