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Euro CLO league tables: Killer Bs: Barclays and Blackstone cause buzz to lead new issuance
14 days ago
The coronavirus pandemic-induced volatility had a marked effect on the European CLO market in 2020 with total issuance falling by €18.5 billion and new issuance €7.8 billion lower than 2019’s figures -
Global CLO league tables - November 2020 YTD
1 month ago
Global CLO league tables - November 2020 YTD -
Euro CLO league tables: Barclays heads close race for new issues
1 month ago
Bridgepoint became the fifth European debut manager in 2020 when it teamed up with Barclays to price Bridgepoint CLO I on 13 November. The €301.85 million deal featured triple A notes at 121bp over Euribor, 11bp wide of market tights -
CLO triple A benchmark hits 105bp in Europe as Carlyle returns
1 month ago
.Carlyle Group has priced its first European CLO post March-sell off, setting a new benchmark for triple As -
CLO pipeline: LCM switches arranger to complete deal and join issuance surge
1 month ago
Over $3.5 billion of global CLO issuance priced last week and managers in all three CLO markets are taking advantage of tightening spreads across the capital structure after three major covid-19 vaccine breakthroughs and increased confidence since the US presidential election -
Global CLO b-wic round-up: Secondary markets rally despite ‘worst liquidity seen all year’
2 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 -
US and European CLO PMs earn promotion as Carlyle's Pace takes on new role
2 months ago
Carlyle Group’s global head of liquid credit has decided to take on a new role as vice chair of global credit, according to an internal memo seen by Creditflux, which will involve investing capital across the Carlyle platform -
European CLO managers switch legacy deals to originators ahead of Brexit deadline
2 months ago
A few European CLO managers are undertaking house keeping ahead of the end of the Brexit transition period in January, by switching the method by which their legacy CLOs comply with risk retention from sponsor to originator -
Carlyle BDC forms $250 million direct lending JV with Cliffwater
2 months ago
Carlyle’s business development company TCG BDC has formed a $250 million mid-market direct lending joint venture with Cliffwater -
Carlyle secures 132bp triple As on second post-covid CLO
2 months ago
Carlyle Group printed its second CLO post-covid on Friday, teaming up with JP Morgan on the new $359.8 million deal named Carlyle US CLO 2020-2 -
LP round up: EIF backs four debt funds while Carlyle wins $1 billion
2 months ago
Institutional investors have allocated just over $4 billion to 27 credit managers in October board meetings -
CLO pipeline: three behemoths prepare for quick-turnaround new issues
3 months ago
CLO managers have printed at a frenetic pace since the start of the quarter with $3.36 billion of issuance across all CLO markets and pricing types -
Libor floors and Volcker tweak bode well for future of CLOs
3 months ago
It’s been a truly miserable year, but amid all the despair covered so tirelessly by the mainstream media has been an omission; namely, that CLOs have withstood the damage caused by the pandemic -
Faith in structures has been rewarded
3 months ago
CLOs have been resilient against covid-19 fallout, said speakers at Creditflux’s CLO Symposium last month. But there’s always room to improve and 3.0 deals may add ESG and bullet tranches -
Investors sell downgraded CLO tranches as single Bs widen sharply
3 months ago
Four CLO tranches downgraded during the third quarter are featured on a b-wic today that concludes 11am New York time, offering investors a chance to cash in on the recent spike in junior CLO spreads -
Six triple Bs trade in line with primary as 78-item euro CLO b-wic concludes
3 months ago
All 78 European bonds that appeared on a b-wic yesterday at 9am New York time (2pm UK time) traded with colour - strongly suggesting that the auction represented the unwind of a fund. -
CLOs hold €250 million of defaulted French events organiser Comexposium
3 months ago
CLOs hold €246.1 million of French events organiser Comexposium, which entered safeguard protection in the Commercial Court of Nanterre on Wednesday -
Global CLO b-wic round-up: CLO lower mezz tightens while equity investors strive for duration
4 months ago
A large supply of CLO paper flooded the secondary market last week as $1.5 billion of US CLO bonds and €370 million of European CLOs were listed, according to CLO-i -
Churchill appoints former Carlyle official to lead investor relations
4 months ago
Churchill Asset Management has appointed a former Carlyle Group official as a senior managing director and head of investor relations -
Global CLO b-wic round-up: dealers get involved amid rally, but dispersion persists
4 months ago
The CLO secondary markets returned to form last week with $716.2 million of US CLO bonds and a further €306.5 million of European CLO paper listed. Although for both markets over half of the total volume listed came from Thursday’s scheduled b-wics -
iQor files for chapter 11 with CLOs holding $260 millon
4 months ago
17 CLO managers hold $263.1 million term loans of customer services provider iQor, which filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas today -
Details emerge on nature of Revlon payment 'error' and lender attitudes
4 months ago
Fresh details have emerged on the nature of the ‘operational error’ Citi says took place when it transferred $900 million to Revlon loan holders -
Carlyle appoints European credit investor relations head
5 months ago
Carlyle Group has appointed an ex-Bain official as head of global credit investor relations in Europe -
European direct lending fundraising dropped 77% YoY in Q2
5 months ago
European direct lending fundraising figures plunged in Q2 2020, as the effects of the covid-19 pandemic were felt across the globe -
Global CLO b-wic round-up: Palmer Square sets highest cover as double B curve inverts
5 months ago
Palmer Square and MJX set the CLO secondary market trading range, but pickings in Europe were the slimmest they have been in almost five months
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