Creditflux

Global CLO league tables at a glance - November 2019 YTD
Global CLO league tables at a glance - November 2019 YTD

Mid market CLO league tables: first time managers crack the top five
Five new issue middle market CLOs priced in November for a combined total of $2 billion with Audax and Owl Rock doubling down in 2019.

CLO pipeline: high triple C bucket opens a Gateway to pricing
In less than ideal market conditions, even experienced CLO managers are learning new tricks to keep the pipeline full. Of the 11 US new CLOs that appear in the pipeline this week, two are high triple C bucket transactions

Mid market CLO league tables: springing back into life after September drought
After a September hiatus, three managers returned to mid market CLOs in October to bring issuance back on track as monthly volume exceeded $1 billion for the sixth time this year

US pension allocates to Golub in bid to boost 'non-core fixed income' bucket
The State of New Mexico Investment Council has awarded $100 million to a senior debt fund managed by Golub Capital Partners, as part of a plan to bolster its non-core fixed income bucket

Golub blazes trail to Europe as other US lenders eye partnerships
US direct lenders are looking to diversify their exposures by allocating to European loans, sources say. Last month, Debtwire reported that one of the largest US middle market operators, Golub Capital Partners, was expanding into the continent by building out a team in London. 

Mid market CLO league tables: Golub and Natixis increase their leads
August saw over $2 billion of issuance in the mid market space with managers that have been active this year, returning managers and debut managers all pricing last month. 

Golub prices new $729.88 million CLO backed by middle market loans
Golub Captial Partners yesterday became the first manager to price a third CLO backed by loans to middle market companies in 2019

Large US direct lender eyes expansion into Europe, reports Debtwire
One of the largest investors in the US middle market is planning to expand into Europe, according to Creditflux’s sister publication Debtwire

CLO pipeline: Golub and Sound Point to cement positions among market leaders
Last week there were nine CLOs priced in the US market, including four broadly syndicated loan new issues and two middle market new issues, whereas there was no issuance in Europe. The CLO action over the next few weeks is again weighted towards the US, according to market sources

Mid market CLO league tables: Barclays makes entrance as AB picks up the pace
Barclays was involved in its first ever middle market CLO, as July marked the first month of 2019 that Natixis did not arrange a mid market CLO this year.

Golub produces new US CLO with triple As at 135bp
Golub Capital Partner’s CLO issuance shows no signs of slowing as the manager teamed up with Morgan Stanley on Friday to price a new issue named Golub Capital Partners 43(B)

Mid market CLO league tables: Natixis and Golub reign supreme
June brought just three middle market CLOs pricings with two new issues and one refinancing that totalled $1.6 billion, bringing the year-to-date volume to $9.9 billion. Natixis is the leading arranger, having a hand in 38% of deals

US CLO round-up: something old, something new, GSAM returns with newcomers too
GSAM is back pricing CLOs after 12 years away, while relative newcomers make swifter re-entries in the CLO market 

CLO managers lick their wounds with Joerns bankruptcy
Seven CLO managers hold $92.3 million exposure to US healthcare equipment businesses Joerns Woundco Holdings, which filed for Chapter 11 bankruptcy on Monday 

Golub upsizes 2017 CLO with refinancing
Golub Capital has refinanced and upsized a 2017 vintage broadly syndicated CLO named Golub Capital Partners CLO 35(B)

Golub prices largest middle market CLO of 2019
Golub Capital priced its second middle market CLO of 2019 worth over $800 million on Friday, naming the deal Golub Capital Partners CLO 44(M)

Mid Market CLO league tables: Middle market continues to draw fresh faces
Golub Capital continues to top the manager rankings, however below the established middle market CLO managers sit a couple of newcomers.

CLO pipeline: Black Diamond looks to brush itself off and jump back in ring after year out
Black Diamond Capital Management features twice in our CLO pipeline this week, as the firm is planning a return to both the European and the US CLO market.

Mid market CLO league tables: Owl Rock debuts in big month
With $2.88 billion in transactions, April was the busiest month of the year for middle market CLOs

Golub defies slow primary market to price largest mid market CLO of the year
Golub Capital Partners priced its first new issue middle market CLO of the year with sources indicating that the firm teamed up with Wells Fargo for the transaction

Mid market CLO league tables: Natixis dominates in Q1 as middle market diversifies
The middle market CLO space has seen less activity at this stage of the year compared to 2018. 

CLO pipeline: managers decide there's no point hanging about with quick-fire CLOs
The CLO pipeline for the coming week shows signs of decent flow as managers ready themselves to offload deals.