Euro CLO league tables: refi market opens up to give KKR best of both worlds5 days ago
European CLO issuance in October crossed €5 billion for the second month this year as managers took advantage of falling spreads and increased demand. In one example, KKR obtained tight senior CLO financing to go with tight mezz spreads from 2017 in a demonstration of expert timing
GSO's third new European CLO of 2019 shows capital stack divergence22 days ago
Triple A tranche pricing has noticeably improved on European CLOs, but double B and single B pricing not so much
GSO and Deutsche Bank unite to refinance 2017 European CLO27 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 first1 month 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.
Global CLO b-wic round-up: US and European double B trading patterns diverge1 month 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.
Euro CLO league tables: before the holidays is the best time to price a deal3 months ago
Over €5 billion of new issue CLOs was priced last month, the first time the market ever crossed that monthly threshold
GSO prices tightest European CLO of 2019 with syndicated triple As3 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
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.
Euro CLO league tables: three debutants, but familiar faces stay top4 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
- 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 pack5 months ago
Global b-wic round-up: US CLO equity continues its surge6 months ago
Last week marked the third straight week that the US CLO secondary market has seen total listings of under $600 million, but over a quarter of that was equity.
Spire wins Creditflux Manager of the Year award6 months ago
Spire Partners was the big winner at Creditflux's Manager Awards last night as the London-based manager scooped the award for the manager of the year. On top of this, the firm picked up awards for Best European CLO Manager and Best European CLO for Aurium CLO II
Euro CLO league tables: at long last - a reset, a refi and a debut6 months ago
A chill swept through the European CLO market in April. While managers priced €3.16 billion of CLOs, it was the slowest month since January.
Two CLO investors leave GSO in London6 months ago
Two experienced CLO investors have parted ways with GSO Capital Partners in the last few weeks
Return of the refi: GSO produces Europe's first CLO refinancing for seven months6 months ago
GSO Capital Partners has priced Europe’s first CLO refi transaction since last September, according to market sources
CLO pipeline: managers seek to return as others arrive, after testing Q17 months ago
With the first quarter of 2019 now in the books, the CLO market looks to be continuing where it left off.
Creditflux reveals finalists for most competitive Manager Awards ever7 months ago
To compile the shortlist for the annual Creditflux awards, we select the best performers in credit using a combination of detailed, data-driven metrics. The winners will be announced on 8 May
Euro CLO league tables: repricings take a back seat while new issues get going8 months ago
The European CLO market showed signs of kicking back into gear in February with €3.32 billion of issuance
Tail wags dog as European CLOs' 108bp benchmark drags loans8 months ago
European CLOs usually price on the back of where underlying loans are printing, but this year the reverse looks to be true
Euro CLO round-up: largest managers brave primary market amid regulatory squeeze9 months ago
Two seasoned European CLO managers stepped into the primary market to price new issue deals amid a period of uncertainty as the Securitisation Regulation put forth by the European Securities & Markets Association (Esma) beds in
GSO prices Europe's largest new issue CLO in over six months9 months ago
Europe’s CLO primary market is taking off, with GSO Capital Partners today becoming the third manager to price a new issue deal on the continent
GreensLedge and NatWest score GSO as euro CLO client9 months ago
GSO Capital Partners has mandated GreensLedge and NatWest Markets as co-arrangers for its first new CLO of the year, named Crosthwaite Park
Euro CLO league tables: New issues dominate in record-breaking year10 months ago
The European CLO market bloomed to the fullest in 2018 and new issue volumes broke all records as €27.59 billion of new paper entered the market. Including all forms of refinancings, 2018 volumes reached €43.68 billion – just €2.05 billion short of 2017’s figures
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