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Beneath the triple C: Stormy October hits CLOs with rising tide of downgrades
1 year ago
After a slight respite in the pace of downgrades over the summer for CLOs, October brought renewed momentum as macro-economic pressures - primarily high interest rate burdens for corporate borrowers and supply side inflation - became the recurring rationale -
Beneath the triple C: ebbs and flows leave triple C levels at a temporary stasis
1 year ago
Following a rising tide of downgrades in May the loan market stabilised somewhat in June, with seven issuers held by CLOs downgraded to triple C and a counter-swell of five names upgraded to single B. -
Sculptor refinances post-reinvestment CLO via Amherst Pierpont
2 years ago
Sculptor Capital Management has refinanced three tranches of its post-reinvestment CLO named OZLM Funding VIII at $479.1 million -
Irradiant prints second new US CLO under new branding
2 years ago
The deal takes Irradiant’s CLO volume for 2021 to $2.7 billion -
Beneath the triple C: CLOs benefit as upgrades make for lighter triple C buckets
3 years ago
For the first time since the sell off in March last year, downgrades to triple C have come to a near-standstill -
MidOcean employs rare tranche structure with 2016 US CLO reset
3 years ago
MidOcean Credit Fund Management has reset a 2016 vintage US CLO via Jefferies, upping the deal size slightly and shaving its funding costs in an unusual reconfiguration of tranches -
US CLO league tables: AGL grabs new issue lead
3 years ago
AGL Credit Management has added to an impressive run of CLO deal-making, pricing its fifth US new issue of 2020 -
PGIM gives $150 million upsize to CLO that priced last month
3 years ago
PGIM has completed a rare feat by upsizing a US CLO in the window between its pricing date and closing date -
PGIM prints new CLO on busiest day for issuance since pandemic outbreak
3 years ago
PGIM on Monday priced its second new CLO since the March sell off, coming on the busiest day for CLO issuance since the onset of the coronavirus pandemic -
US CLO league tables: light at the end of the tunnel as primary revives
3 years ago
May brought a rise in US CLO primary market activity with a combined $5.55 billion in new issuance for the month -
CLOs feel flat after housing $335 million of bankrupt RentPath
4 years ago
CLOs house $334.5 million of the debt of RentPath Holdings, which filed for Chapter 11 in the US Bankruptcy Court for the District of Delaware on Wednesday -
Global CLO b-wic round-up: control equity hits the market as secondary market picks up
4 years ago
The CLO secondary market in both Europe and the US brought healthy volumes last week. There was €174.9 million listed in the European CLO secondary market, while the US returned a with just over $600 million in CLO b-wics. -
Och-Ziff prices first new US CLO in 12 months
5 years ago
Och Ziff has returned to the US CLO market with its $505.4 million OZLM XXIII via Morgan StanleyHot market welcomes back old hands -
US CLO league tables: GSO and Morgan Stanley close the gap on market leaders
5 years ago
CSAM and Citi are the market leaders when it comes to new issue CLOs - but there's growing competition -
US CLO league tables: new issue deals bring 2018 volumes to $140 billion
5 years ago
Half a year in and we’ve seen $140.7 billion worth of CLO activity in the broadly syndicated loan CLO market – just $4 billion behind H1 2017’s ground breaking volumes -
US CLO league tables: competition intensifies among dealers
5 years ago
$13.6 billion of new issue paper was produced in May, bringing total new CLO volumes to $52.1 billion for the year. And last month there was plenty of movement in the arranger league tables -
US CLO round-up: Despite big freeze, market issues a cool $4.6 billion of paper
6 years ago
CLO managers are snowed under in yet another busy week for the US market. This week, managers have priced deals with a wide range of leverage ratios -
US CLO round-up: the three stages of CLO management
6 years ago
An experienced CLO manager, a manager with a three year track-record in CLO management and two rookies priced deals this week. Our data shows that the market is applying a 9bp premium on triple A notes based on the experience of a manager -
US CLO triple-A spreads reach 99bp after Sound Point CLO refi
7 years ago
Triple-A CLO spreads have dipped below 100 basis points in the US market with investor sources reporting that senior notes in Sound Point CLO III priced at 99bp as part of a refinancing
19 results found Showing page 1 of 1
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