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- Emerging markets (1)
- High yield bonds (20)
- Investment grade credit (4)
- Structured credit (5)
- CLO (141)
- Distressed debt (20)
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GSO's third new European CLO of 2019 shows capital stack divergence1 day ago
Triple A tranche pricing has noticeably improved on European CLOs, but double B and single B pricing not so much
GSO markets its largest new issue CLO of 20195 days ago
GSO Capital Partners is partnering with Goldman Sachs on the manager’s fourth new issue US CLO of 2019 Beechwood Park, according to market sources.
GSO and Deutsche Bank unite to refinance 2017 European CLO6 days ago
GSO Capital Partners has teamed up with Deutsche Bank to refinance the triple and double A debt of its 2017 CLO named Palmerston Park
Euro CLO league tables: repricings take centre stage in bumper month as CVC leaps into first19 days ago
The European CLO market returned with a bang in September as €4.8 billion of issuance priced of which €2.7 billion was in repricings.
Beyond blacklists: the next step in ESG20 days ago
Credit managers are integrating ESG into their investment processes, but that does not mean they are unable to invest in unethical credits — they can, if they are paid adequately for the risk.
CLOs at a glance20 days ago
A round-up of CLO performance
Global CLO b-wic round-up: US and European double B trading patterns diverge23 days ago
48% of the CLO secondary market was made up of triple A bonds; $255.6 million of US CLOs and €108.55 million of European CLOs. But there were differences in how CLO double Bs are trading in those markets.
TCI-Symphony and GSO refinance single tranches of 2016 CLOs1 month ago
Two CLO managers on Friday refinanced single tranches of their 2016 deals, according to market sources. TCI-Symphony and GSO Capital Partners priced seemingly mirror image transactions, having refinanced the mezzanine notes of the CLOs last November
Wells Fargo AM makes big credit hire to co-head its private strategies team1 month ago
Wells Fargo Asset Management has appointed Vincent Lu to co-head the firm’s private strategies, according to an internal memo seen by Creditflux
Last of GSO's co-founders departs1 month ago
It's the end of an era as GSO Capital Partners co-founder Bennett Goodman (the 'G' in GSO) will step down from the firm at the end of the year
Euro CLO league tables: before the holidays is the best time to price a deal2 months ago
Over €5 billion of new issue CLOs was priced last month, the first time the market ever crossed that monthly threshold
US CLO league tables: JP Morgan narrows gap to Citi in new issues to $50 million2 months ago
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.
- A key CLO triple A investor dropped back from the market in the second quarter of 2019, but, remarkably, CLO spreads tightened as repricings came back and other investors drove demand2 months ago
GSO prices tightest European CLO of 2019 with syndicated triple As2 months ago
GSO Capital Partners priced the tightest European CLO of the year yesterday with weighted funding costs 177.27 basis points over Euribor
CLO pipeline: CSAM and Octagon look to move further ahead of the chasing pack3 months ago
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
GSO adds $10 billion to inflows with direct lending, structured credit and energy3 months ago
Blackstone grew its credit assets under management to $139.3 billion, up 13% on a year ago, according to the firm's second quarter earnings release
Junior notes of forthcoming GSO European CLO go subject3 months ago
GSO Capital Partners is marketing a new European CLO via Deutsche Bank named Dunedin Park CLO, which was announced yesterday
Global CLO round-up: it's time to rethink benchmarks3 months ago
The CLO market broke out of holiday mode last week by presenting strong issuance on both sides of the Atlantic - $2.8 billion in the US and €1.6 billion in Europe. High volumes have brought with them bigger shifts in market dynamics. This week put the focus on tightening spreads, as benchmark triple A levels dipped.
Junior triple A tranches return as GSO prices US CLO3 months ago
GSO Capital Partners has tapped the CLO market once again with another new issue transaction via Barclays
Euro CLO league tables: three debutants, but familiar faces stay top3 months 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
GSO makes big hire to co-lead distressed investing3 months ago
Blackstone's credit platform has appointed an ex-Goldman Sachs official to co-lead its distressed debt business
GSO generates $4.5 billion capital for energy-focused credit fund4 months ago
GSO Capital Partners has closed its second energy-focused credit fund with $4.5 billion of capital commitments, the firm has announced. Creditflux understands that the fund originally targeted a $5 billion final close
US CLO b-wic round-up: secondary volumes reach new heights with equity lagging4 months ago
The US CLO secondary space saw almost $1.8 billion of paper listed last week according to CLO-i, a record amount for this year. Equity, however, did not draw much interest
- Two firms that have been in the market for fewer than seven years were named the top managers at the Creditflux awards last month. Manager of the year Spire only issued its first CLO in 20154 months ago
- Room for 10 more? The average loan overlap among recent European CLOs is 48.7% – so the expected influx of new managers will have to work hard to distinguish themselves from the pack4 months ago
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