Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources

Anchorage prints new $458 million CLO via BNP Paribas
Anchorage Capital has issued its second new CLO of the year, naming the deal Anchorage CLO 17

CLO pipeline: queue gets longer as Blackstone goes again and Sancus makes first move
The queue to price for US CLO managers is only getting larger with 18 new issue CLOs in the pipeline, according to market sources, along with 18 repricings and two new issue European CLOs and two mid market CLO resets

Anchorage prints 2021's third bond-flex CLO
Anchorage Capital Group has priced its latest bond-heavy CLO offering named Anchorage Credit Funding 13, teaming up with GreensLedge to print the $458.8 million deal

CLO pipeline: US market on track for June boom
CLO issuance is set to boom in the coming weeks with the pipeline ballooning as the market looks ahead to June

CLO pipeline: new issue becomes name of game with 14 managers preparing to price
Only $3.2 billion of CLO paper priced globally across all forms of pricings this past week. But the market looks to set to explode back into life with 14 US CLO new issues in the pipeline

Beneath the triple C: CLOs benefit as upgrades make for lighter triple C buckets
For the first time since the sell off in March last year, downgrades to triple C have come to a near-standstill

Anchorage adds double B tranche to 2019 bond-flex CLO
Anchorage Capital Group has added a double B liability tranche to a 2019 bond-heavy CLO following a refinancing

CLO pipeline: European new issues set to resume but managers seek pricing stability
The CLO pipeline is heavy with reworked deals - and anticipation - as 14 US CLO and one European CLO refinancings feature, along with nine US CLO and six European CLO resets

Anchorage joins refi party with $421 million CLO
Anchorage Capital Group teamed up with Barclays on Wednesday to refinance the investment grade notes of its 2015 vintage deal named Anchorage Capital CLO 6

Anchorage renews Credit Suisse partnership to reset 2018 Euro CLO
The pair worked together on the original pricing in October 2018

Anchorage joins ranks of managers to issue CLO triple As as loans
Anchorage Capital Group has joined the trend of CLO managers to issue triple As in loan format with a reset of its 2019 deal named Anchorage CLO 13

CLO pipeline: busy year, so let's take time to reset
The US CLO market this year has been dominated by new issues and refinancings, but now is the time of the reset judging by this week’s pipeline

Anchorage and Credit Suisse unite for first regular-way US CLO as partnership
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
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
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
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
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
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
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
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
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’
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
Global CLO league tables - October 2020 YTD

Elements work against CLO managers in Q3
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