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Euro CLO league tables: new issues shatter 2018’s record but total issuance falls
4 years ago
The European CLO market continues to grow at a record shattering pace with 2019 new issuance volumes totalling €29.8 billion, an 8% increase on 2018’s previous record figure, from 53 active managers -
Double Bs tighten as Regatta prices junior CLO debt at 730bp
4 years ago
Regatta Loan Management, the CLO management entity linked to Napier Park Global Capital, has joined the select number of US CLO issuers to price double-B rated debt at less than 800 basis points -
US CLO round-up: 20 managers sit on the sidelines as volumes play catch-up
4 years ago
US CLO issuance this year is trailing 2018 by $10.7 billion as of 6 September, dampened by a slow third quarter. But Napier Park and Par-Four priced deals, which means that 20 managers are yet to return having priced CLOs last year -
Regatta prices first US CLO in 12 months
4 years ago
Regatta Loan Management - the capitalised manager vehicle linked to Napier Park Global Capital - yesterday returned to the CLO primary market with its first new issue in the US market for just under a year -
Euro CLO league tables: three debutants, but familiar faces stay top
4 years ago
June brought €3.4 billion of European CLO issuance between seven new issues and two refinancings. Of the seven new issue European CLOs priced last month, three were from debut managers to the continent -
Napier Park joins Europe's CLO manager club after pricing first deal via Citi
4 years ago
Napier Park Global Capital on Friday became the third debut CLO issuer in Europe of 2019, according to market sources -
Napier Park targets 114bp triple A print as it markets first euro CLO
4 years ago
Napier Park Global Capital has begun marketing its debut euro CLO and is targeting a 114 basis point print on its triple As -
Ex-Goldman Sachs official joins Napier Park as inaugural European CLO nears
4 years ago
The firm has hired an ex-Goldman Sachs official to its European credit team -
Napier Park joins growing list of US CLO managers looking to issue in Europe
4 years ago
Napier Park Global Capital has joined the growing list of CLO managers looking to issue in Europe for the first time, according to market sources -
CLO refis regain popularity as Napier Park reworks 2013 deal
4 years ago
CLO refi volumes are continuing to pick up pace. Napier Park Global Capital yesterday brought April to a close by pricing the month’s sixth refinancing, an uptick from just seven across the global market in the first quarter of the year -
Creditflux reveals finalists for most competitive Manager Awards ever
5 years ago
To compile the shortlist for the annual Creditflux awards, we select the best performers in credit using a combination of detailed, data-driven metrics. The winners will be announced on 8 May -
Barings and Napier Park fight over Duchess VI incentive fee
5 years ago
Napier Park European Credit Opportunities Fund and Barings (UK) faced off in court this week over the payability of an incentive collateral management fee (ICMF) after the 2006-vintage Duchess VI CLO was called by the equity in 2018. Duchess VI CLO. After a two-day hearing, the judge, Lord Justice Vos, reserved his judgment -
CLO docs shed light on implementation of Securitisation Regulation
5 years ago
Market participants are beginning to get visibility on how European CLOs are handling the transparency obligation and the risk of fines under the European Securities & Markets Authority’s (Esma) Securitisation Regulation, according to a report on Creditflux’s sister publication Debtwire -
Napier Park returns to CLO refi market via BNP Paribas
5 years ago
Napier Park Global Capital priced its first CLO refi in over a year yesterday following a $368 million deal arranged by BNP Paribas -
CLO refis continue to be popular choice as Regatta deal reprices
5 years ago
CLO refinancings are on track to have a strong showing this month, with the first ten days of October seeing $1.67 billion across five transactions -
Napier Park issues its third new CLO of 2018
5 years ago
Napier Park Global Capital has issued its third CLO this year after pricing the $600 million Regatta XV via Citi yesterday. -
Napier Park reissues CLO bringing Monday's daily volumes past $2 billion
5 years ago
The CLO market had a strong start to the week, with over $2 billion pricing on Monday across three deals -
Napier Park's new issue CLO volumes pass $1 billion for 2018
5 years ago
Napier Park has priced its second new issue CLO of the year -
Napier Park's Secmen: the correlation between day-one arbitrage and final return is quite weak (video)
5 years ago
Napier Park managing director Serhan Secmen spoke with Creditflux's Hugh Minch after his presentation at the Creditflux Symposium earlier this month -
Number of 2018 CLO managers continues to climb as Regatta prices
5 years ago
Regatta Loan Management, the capitalised manager vehicle launched by Napier Park Global Capital, priced its first CLO transaction of the year yesterday -
B-wic round-up: secondary CLO market is looking more and more like new issue
6 years ago
2017 and 2018 CLOs flooded the secondary market last week, with bonds referencing Ares Management, LCM Asset Management and Napier Park Global Capital going on sale -
For the right managers, CLOs are now perma-caps, conference hears
6 years ago
Should the market now treat CLOs as evergreen structures? A panel of CLO investors says yes, you can think of CLOs as quasi perma-caps – but only for the best-managed deals -
B-wic round-up: it's never too late to buy CLO equity
6 years ago
Secondary CLO market trades from the last week show that investors feel there is value in legacy CLOs where the call options have already been exercised and the debt repaid -
CMV prices another dual-compliant US CLO
6 years ago
A capitalised manager vehicle priced a $534.2 million new issue CLO yesterday -
ICG teams up with originator to overhaul 2014 CLO
6 years ago
Credit Suisse yesterday carried out a reset of ICG’s St Paul’s CLO V which not only gives the European CLO a brand new capital structure but also overhauls the way it complies with risk retention rules
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