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CLO pipeline: Man GLG resurfaces from six-year absence as deals exiting call-lock fill pipeline
2 years ago
CLO spreads have leaked out in recent weeks but deal economics are still favourable, encouraging managers to come back to the primary market for the first time this year -
Brevan Howard hires senior credit PM
2 years ago
Brevan Howard has hired an experienced credit portfolio manager in New York -
More US CLO refis price as supply weighs on spreads
2 years ago
CLO refi transactions from Benefit Street Partners and Hayfin Capital Management have priced, adding $788.8 million to primary volume -
Benefit Street prints its largest CLO since 2017
3 years ago
Benefit Street Partners priced its largest CLO in over three-and-a-half years on Tuesday, teaming up with Natixis on the $609 million deal named Benefit Street Partners XXII -
CLO pipeline: Carlyle eyes fourth new issue in two months but refis and resets dominate
3 years ago
Manager focus has shifted to reworking vintage CLOs to lower funding costs in a much tighter market, with the new issue US market having slowed -
Benefit Street scores first sub-90bp triple A CLO refi since June 2018
3 years ago
Benefit Street Partners has refinanced tranches from its oldest active CLO from 2013, Benefit Street Partners CLO II, placing its triple A notes at just 87 basis points over Libor -
Benefit Street prices second CLO reset in as many weeks
3 years ago
Benefit Street Partners teamed up with Citi on Friday to print its second CLO reset in as many weeks -
Benefit Street resets 2014 US CLO on its reinvestment date
3 years ago
Benefit Street Partners has reset its 2014 vintage CLO named Benefit Street Partners CLO IV for a second time, and on the day it was scheduled to leave its reinvestment period -
Benefit Street prints three-year US CLO via Citi
3 years ago
Benefit Street Partners has teamed up with Citi to print a three-year reinvestment CLO -
CLO pipeline: LCM switches arranger to complete deal and join issuance surge
3 years ago
Over $3.5 billion of global CLO issuance priced last week and managers in all three CLO markets are taking advantage of tightening spreads across the capital structure after three major covid-19 vaccine breakthroughs and increased confidence since the US presidential election -
Benefit Street markets its first-ever European risk retention compliant CLO
3 years ago
Benefit Street Partners is working with JP Morgan to issue its first-ever CLO structured to comply with European risk retention regulations, in a bid to attract international investors -
CLO pipeline: break's over - time to print deals
3 years ago
The CLO market has taken a slight pause after the independence holiday in the US last weekend, meaning the CLO pipeline includes a backlog -
Q2 US CLO volumes pass $14 billion as Benefit Street issues new deal
3 years ago
Benefit Street Partners has issued its first new CLO of 2020, bringing the total volume of US CLOs priced since the coronavirus selloff to $14.32 billion, according to market sources -
Akorn falls into bankruptcy with $321 million planted in CLOs
3 years ago
CLOs hold $321.3 million of specialty pharmaceutical company Akorn’s debt, according to the latest trustee reports from CLO-I, with the firm having filed for chapter 11 protection in the US District Court for the District of Delaware yesterday -
US CRE CLO growth spurt encourages Europeans
4 years ago
The US CRE CLO market hit a record $19.2 billion in 2019 and sources say that a first ever European deal will be issued this year. They cite the growing commercial mortgage direct lending market on the continent as laying the foundations for a European CRE CLO. -
Benefit Street completes new issue CLO via Morgan Stanley
4 years ago
Benefit Street Partners priced a new issue CLO via Morgan Stanley on Friday named Benefit Street Partners CLO XIX, according to market sources, with the deal pricing at $508.7 million -
Benefit Street prices $507.85 million US CLO
4 years ago
Benefit Street Partners priced its second new CLO of the year on Thursday, according to market sources -
Benefit Street slashes 32bp from 2016 CLO's funding costs via refi
4 years ago
Benefit Street Partners teamed up with Citi on Friday to refinance Benefit Street Partners CLO X, according to market sources, slashing 31.96 basis points from the deal’s weighted funding costs -
Benefit Street teams up with Wells Fargo for $508.2 million new CLO
4 years ago
Benefit Street Partners has priced its first new issue CLO of 2019 -
Benefit Street prices new CLO ahead of Franklin Templeton integration
5 years ago
Benefit Street Partners has issued its first CLO since the announcement in October that it was being acquired by Franklin Templeton Investments -
Benefit Street prices its 15th new CLO
5 years ago
Benefit Street Partners priced a new issue CLO yesterday, bringing its 2018 volumes up to $2.4 billion -
Benefit Street reworks 2016 CLO to reduce funding costs by 61bp
5 years ago
Benefit Street Partners has made a quick-fire return to the CLO market with a reset of its 2016 deal, Benefit Street Partners IX -
CLO b-wic line-up: over $300 million of senior CLO paper goes on the block
5 years ago
Senior notes dominate the secondary market today as $306.5 million worth of triple A notes are up for grabs -
Experienced anchor CLO investor Bates joins Flat Rock
5 years ago
Shiloh Bates, a well known control CLO equity investor, has resurfaced at Flat Rock Global -
Benefit Street hits a turn in the road, pricing its first CLO re-issue transaction
5 years ago
Benefit Street Partners has entered the burgeoning CLO reissue space, according to market sources
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