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Ares resets half-billion dollar 2021 vintage CLO
30 days ago
Ares Management reset Ares LXI CLO today, a 2021 vintage US BSL deal arranged by Nomura -
European CLO equity distributions keep getting better, US keep getting worse
1 month ago
The latest distributions for post-reinvestment US CLOs show the impact of rapid prepayment rates, but post-reinvestment European CLOs are bucking that trend and seem to be improving with age. -
CLO market mood sours amid bitter economic outlook
CLO market participants are privately discussing their concerns regarding the medium-term future of the loan market as the prospects of a prolonged economic downturn mount
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Oaktree prints new US CLO while Deerpath resets mid-market deal
1 year ago
The US CLO market has added to its June transaction tally, with Oaktree Capital pricing a new issue while Deerpath Capital Management reset a 2018 vintage mid-market deal -
Retailers, travel cos and Italian banks lead charge as market rally accelerates
1 year ago
Retail companies have been resurgent on Thursday as the credit market’s relief rally gathered pace, with Europe seeking to catch up with the US following its strong surge -
European credit rallies in stark discord with deepening Ukraine crisis
2 years ago
Cognitive dissonance looks to be afoot in the credit market on Wednesday, with indices rallying for a second day even as Russian and Ukrainian spreads move to new wides -
US and Euro credit diverge ahead of Fed
2 years ago
US and European credit are moving in different directions as investors try to rebalance their positions on Tuesday ahead of the US Federal Reserve meeting kicking off -
CIFC, Generate and Monroe secure combined $1.3 billion CLO resets
2 years ago
CIFC Asset Management, Generate Advisors and Monroe Capital each reset a CLO on Monday with the three deals amounting to $1.34 billion -
Casino's hand improves as credit eases off year's wides
2 years ago
Credit markets have taken a turn for the tighter, with spreads broadly rallying, amid a retreat of oil prices and government bond yields -
Former DWS official claims company over-stated ESG progress: WSJ
2 years ago
DWS Group’s environmental, social and governance investment claims are in the spotlight after its former sustainability officer claimed the firm over-stated its ESG efforts, according to the Wall Street Journal -
Publishing boost for French firm but China sours wider market
2 years ago
Lagardere is a notable positive outlier in another off day for the credit market, after China turmoil rocked stocks and sent spreads wider -
US CLO pricing lab: expensive legacy deals take priority as two-three year point on term curve tightens
2 years ago
The US CLO market may have gapped out in recent weeks, but expensive 2019 and covid-era CLO refis and resets are still in the money -
Partners prints its largest CLO in over two years
2 years ago
Partners Group has priced its largest new US CLO in over two years, teaming up with Credit Suisse to print the deal -
Carlyle notches 10th US CLO transaction of 2021
2 years ago
Carlyle Group teamed up with Barclays on Tuesday to reset Carlyle GMS CLO 2016-3 -
Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
2 years ago
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources -
PineBridge prints $460 million refi of 2013 CLO
2 years ago
PineBridge Investments priced a $459.2 million CLO refi via Royal Bank of Canada on Wednesday -
Global CLO trading lab: Octagon CLO comes out top in CLO double B spike
2 years ago
Double B-rated bonds made up 40% of the European and US CLO secondary markets last week. $222 million of US CLO double B bonds were on sale and a further €105 million of European CLO double B items were listed -
AIG prints rare three-year reset of comeback CLO
3 years ago
AIG teamed up with Credit Suisse on Friday to print a rare three-year CLO reset of its comeback transaction from 2018 -
CDX HY index adds 21bp in roll to series 36
3 years ago
US high yield index CDX HY rolled into series 36 on Monday, starting life 21bp wider than outgoing series 35 -
Refis price on top of new issues as four managers print US CLOs
3 years ago
Four US CLO refinancings priced yesterday, giving the impression that CLO pricing is fitful and the term curve flat -
Beneath the triple C: downgrades hold steady as Travelport loses its luggage
3 years ago
For the second month in a row downgrades to triple C steadied, with just under $9 billion of CLO loans falling to this rating across 34 corporate borrowers -
US triple A CLO spreads tighten 90bp on month with GoldenTree new deal
4 years ago
Goldentree Asset Management today priced its first CLO following the covid-19-triggered market dislocation, scoring the tightest print of the new era in the process -
Fair Oaks issues shares to buy more CLO debt after 50% equity tranche hit
4 years ago
Fair Oaks Capital has issued new shares on its CLO fund at a premium to its net asset value to capitalise on CLO debt, which it says “offers attractive risk-adjusted returns over the medium term” -
GoldenTree enters primary CLO market after amassing $315 million of loans
4 years ago
GoldenTree Loan Management is 70% ramped on a new US CLO, according to market sources. -
Beneath the triple C: $31.6 billion of CLO credits feel downgrade pain
4 years ago
March madness took a toll on CLOs as Moody’s and Standard & Poor’s downgraded 4.25% of the portfolios in the US and 1.84% in Europe to triple C or below in just one month (some of these were already triple C rated, only to fall further).
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