Creditflux

Octagon tweaks structure with sixth new CLO of the year
The New York-based manager continues to set the pace for US CLOs, having priced the most new deals in 2019

US CLO's anchor equity on sale for first time
The 23^rd anchor equity position in a US CLO has been listed on the secondary market today, with $36.875 million of Anchorage Capital 6,up for sale at 1.30pm New York time.

CLO pipeline: Sculptor begins to mould its first CBO
Silence! Artist at work: Sculptor has got its apron on and is shaping up to launch its first CBO

Octagon on course to become first manager to price six CLOs in 2019
Octagon Credit Investors is working on its sixth new issue CLO of the year, according to market sources

US CLO league tables: CSAM climbs to the top
Only $10.9 billion was brought to the US CLO market last month, while in the middle market CLO space, no deals priced. But Credit Suisse Asset Management dared venture into the primary market and as a result it moves to the top of the league tables

CLO pipeline: newcomers look to impress at debutante ball
The pace of CLO issuance accelerates with each passing week, with debutantes lining up to join more prolific managers as Europe builds momentum and the US floodgates open 

US CLO league tables: 2019 volumes top $100 billion
The summer slowdown hit the US CLO market last month with just $8.6 billion of issuance of which $5.07 billion was in new issues, the slowest month of the year since January. 

One day, two investors, three CLO controlling stakes in secondary
Two investors are inviting bids for anchor positions they hold in three CLOs.

US CLO league tables: JP Morgan narrows gap to Citi in new issues to $50 million
July saw $14.9 billion of issuance in the US CLO space with $9.4 billion of that in new issue CLOs. One of the transactions brought to the market was Whitebox Capital Management’s debut CLO, Whitebox I.

Octagon's pricing streak continues with fifth new issue CLO of the year
Octagon Credit Investors pulled away from the pack on Friday by becoming the first US manager to print a fifth new issue CLO in 2019

CLO pipeline: CSAM and Octagon look to move further ahead of the chasing pack
The CLO pipeline in all three markets looks similar to last week with a reduction of only around $500 million in predicted new issue volumes in each of the US, European and mid market CLO spaces. But all three of these market segments look healthy with new issues and refinancings being favoured by managers

US CLO league tables: Octagon extends lead as many managers hit starting blocks in June
CLO volumes recovered slightly in the second quarter, with $43.31 billion of primary activity – a 19.97% increase from the $36.1 billion produced in Q1

Octagon prices triple As at 130bp in new US CLO
Octagon Credit Investors priced its fourth new issue US CLO of 2019 yesterday, making it the firm’s seventh transaction this year with two resets and a reissue.

US CLO league tables: CSAM dominates globally but Octagon takes US lead
Octagon Credit Investors clinched the top spot in the US broadly syndicated loan CLO market by a mere $129,000 from Credit Suisse Asset Management. 

Octagon eyes $2 billion new issue volumes as it markets fourth CLO of 2019
Octagon Credit Investors is looking to become the first manager to price four new issue CLOs in the US this year

US CLO league tables: Octagon and Citi lead the way
April was the busiest month yet in the US CLO market this year with $16.42 billion in transactions, beating February by around $500 million. 

Octagon's 2019 CLO volume reaches $3.65 billion after sixth transaction
Octagon Credit Investors last week became the first CLO manager to price its sixth transaction of 2019, with a $510.65 million reissue of its 2014 deal, Octagon Investment Partners 20

Octagon hits 133bp benchmark again for its US CLO triple As
Octagon Credit Investors has priced its third new issue CLO of the year and fifth overall

US CLO league tables: heavyweights dust off and jump back in the ring
Competition has prevailed after a tough quarter for the CLO market, in which banks offloaded their carry-ons from last year

CVC, Octagon and Spire vie for multiple Creditflux awards
Creditflux is pleased to unveil the finalists for the most prestigious awards dinner in the credit

Finding the best managers, CLOs and direct lenders

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. 

US CLO managers look to scale flat WALs in search of flexibility
The anticipation of a downturn in the credit cycle has made investors turn their attention toward document provisions that give CLO managers flexibility

US CLO round-up: choose your own reinvestment period
Reinvestment periods have played an important role so far this year, with 30.8% of the new issue market opting for terms shorter than four years