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CLOs wheel and deal as overlap increases
3 years ago
2020 CLOs are a different breed to any other vintage. But this cohort features an overlap of almost 40% as CLO issuers have been forced to focus almost entirely on secondary market loans -
CLO pipeline: expensive 2019 CLOs in vogue with 32bp savings potential
3 years ago
The CLO pipeline is dominated by refinancings and resets, with new issuance taking a backseat -
CLO torrent adds $1.5 billion in US refis
3 years ago
The CLO refinancing boom has added another $1.5 billion to deal volume, with Intermediate Capital Group, Octagon Credit Investors, Sound Point Capital Management and Vibrant Capital Partners adding their names to the list of CLO refinanciers -
Octagon forgoes EU risk retention compliance with latest US CLO
3 years ago
Octagon Credit Investors teamed up with Wells Fargo on Friday to print its second new issue CLO of 2021 -
Octagon cuts 2012 CLO's funding costs by 22.89bp in refi
3 years ago
Octagon Investment Partners has shaved 22.9 basis points off the funding costs of its oldest active CLO in a $612.7 million refinancing transaction arranged by Credit Suisse -
US CLO league tables: deja vu as static CLO gets primary market moving
3 years ago
It's deja vu all over again with a static CLO opening the primary market for the third consecutive year -
Octagon prices new CLO with mezz and junior tranches not offered
3 years ago
Octagon Credit Investors has priced a new CLO via Bank of America with lower-rated debt not offered to investors -
Global CLO b-wic round-up: US lower mezz trades strong, but European piece softens
3 years ago
CLO investors have had no chance to catch their breath after a historic 2020 as US CLO secondary volume reached $3.3 billion and European secondary listings topped €1 billion in January -
US and European control CLO positions land in secondary market
3 years ago
The first control equity positions of 2021 for the European and US CLO markets were listed in the secondary market on Thursday -
Octagon becomes first US manager to complete three 2021 CLO refis
3 years ago
Octagon Credit Investors paired with Citi for another CLO refinancing -
Three transactions take 2021 CLO refi volumes over $3.5 billion
3 years ago
Another three CLO refinancing transactions priced in the US on Friday, bringing the total volume across refis, resets and reissues in 2021 up to $3.58 billion -
Octagon kicks of 2021 CLO primary with single tranche refi
3 years ago
Octagon Credit Investors has kicked off the CLO primary market for 2021 by refinancing the fixed rate notes of one of its oldest active CLOs, Octagon Investment Partners XV -
2020 wrap: CLO funds bloom despite rocky ground
3 years ago
2020 was a busy year for CLO fundraising, with Creditflux recording at least 30 funds that launched over the 12 months to invest across the CLO capital structure -
CLO issuers flex their bond muscles
3 years ago
Some panellists at Creditflux’s US CLO Investor Summit pointed to structural difficulties, but the consensus was that flexibility — particularly the ability to buy bonds — could improve performance -
We were battered in 2020 — but we weren’t beaten
3 years ago
The CLO industry has survived a year blighted by covid-19. We talk to portfolio managers about the strengths of CLOs and preparations for what was expected to be a ‘cataclysmic’ recession -
Octagon secures second-tightest funding costs for a three-year CLO
3 years ago
Octagon Credit Investors priced the second-tightest three-year reinvestment CLO post-covid on Friday, teaming with Goldman Sachs on the $481.29 million deal named Octagon Investment Partners CLO 49 -
Relative value has shifted towards CLO double Bs, conference hears
3 years ago
CLO double B tranches are on course for significant spread tightening, according to participants on day one of Creditflux's CLO Investor Summit on Thursday -
OC health check: CLOs wake up when September ends
3 years ago
September showed a slight but clear improvement in CLOs’ over-collateralisation test results as 182 CLOs breached an OC test during the reporting period, compared to 198 in August. -
Octagon cements itself as most prolific refinancer of fixed-rate CLOs
3 years ago
Octagon Credit Investors teamed up with Goldman Sachs on Friday to refianance the $10 million double A-rated fixed tranche of its 2017 CLO Octagon Investment Partners 32 -
Octagon reaches milestone with CLO number 50
3 years ago
Octagon Credit Investors reached a milestone yesterday as it priced the 50th deal in its series of CLOs -
CLO pipeline: primary tightening opens door for CLO managers to print new issues
3 years ago
The CLO primary market is hitting a fast pace as it enters the last quarter of 2020. Last week brought a surge of new issuance as 11 US, two European and one mid market CLO manager priced their latest transactions -
Octagon steams ahead with fourth fixed CLO tranche refi since August
3 years ago
Octagon Credit Investors has become the first CLO manager to complete four fixed-rate CLO tranche refinancing or repricing transactions this year, after teaming up with Citi to refinance the double A-rated fixed notes of Octagon Investment Partners 31 -
Octagon prices first single A-only fixed rate CLO refi
3 years ago
Octagon Credit Investors has priced its third fixed-note CLO refinancing amid the coronavirus pandemic, becoming the first manager to complete a single A-only refi in the process -
Octagon scores one of CLO market's biggest coupon cuts with repricing
3 years ago
Octagon Credit Investors has joined the trend of managers looking to reprice CLO tranches. The manager teamed up with Bank of America to reprice the fixed rate debt of Octagon Investment Partners 27 in a $22.5 million transaction -
Fortress and Octagon add to 2018 fixed-rate CLO refi trend
3 years ago
Another two CLOs refinanced their fixed rate debt tranches on Thursday, bringing the total refi activity in the last two months to 15 transactions
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