CLOs aim to pick up pieces as fear drives dip in loans
Leveraged loan investors grew skittish in June, with prices slipping as the likelihood of a US recession increased, according to market sources.

MUFG hires UBS pair to growing leveraged finance team
Mitsubishi UFJ Financial Group’s expansion in credit has resulted in two senior hires to its leveraged finance team in New York

US CLO league tables: Blackstone gets back to business as it rises to the top
Blackstone is no longer the largest CLO manager globally (it lost that title in March). But it is the most prolific issuer in 2022 

Mid market CLO league tables: Arranger base grows as bumper day boosts issuance
Managers priced $3.4 billion of mid market CLO paper priced last month, the second busiest month of the year behind February and the third straight month new issues and resets made up 100% of issuance

Fortress prices widest CLO triple As of 2022, but that's no obstacle
CLO triple As reached 162bp on Friday as Fortress priced a US deal. The firm has priced wide CLOs before, but that has not held it back from producing some of the best equity distributions in the industry 

AB upsizes 2019 mid market CLO by $48 million with reset
AB has reset its 2019 middle market CLO named ABPCI Direct Lending Fund CLO VI, upsizing the deal by $47.4 million including $7.72 million new equity

CLO managers to ramp up mid-market loan holdings
Mid-market loans may increasingly infiltrate broadly syndicated loan CLOs as managers seek to boost returns amid tighter leveraged loan spreads

Migration into floating rate kicks off with record loan inflows
The leveraged loan market received record-breaking inflows from retail funds in January as investors pivoted into floating rate products in advance of interest rate rises

MUFG hires IG credit sales head from Credit Suisse
Mitsubishi UFJ Financial Group has hired a managing director to head investment grade credit sales

AMMC makes it 101 US CLO issuers in 2021
There are 101 reasons to love CLOs as the US manager base reached new heights yesterday  

Refi deluge casts shadow on b-wics

Golub passes $2 billion 2021 CLO volume as it refis 2019 deal
Golub Capital has opted to partially refinance its 2019 vintage US CLO Golub Capital Partners 40(B)

US CLO pipeline: Go long! Refis fall from favour as AMMC looks to join list of 2021 issuers
The only record left to fall this year in US CLOs is 2017’s refinancing total of $102.8 billion with the market $6.3 billion shy. Yet this segment shows little interest to break more records with the pipeline filled with new issues and resets as longer tenured deals are preferred.

Guggenheim splits double Bs and merges triple As in US CLO refi
Guggenheim Investments refinanced Guggenheim 2019-1 on Tuesday night via MUFG and opted to split its double B-rated D tranche in doing so

US CLO pipeline: 1.0 manager returning, Carlyle going for CLO 10 as market goes to 100
Never in 1,000 years would the critics have expected this 

US CLO pipeline: 33 new issues enter market with historic CLO records on the verge of shattering
The US CLO market is running as hot as it has all year with a whopping 33 managers marketing new issues CLOs, according to market sources

Investcorp resets CLO that left reinvestment in October
Investcorp Credit Management reset its post-reinvestment CLO named Jamestown CLO IX via MUFG on Thursday

TCW resets twice-AMR refinanced 2019 CLO
TCW Asset Management has reset a 2019 CLO that it had previously refinanced twice via applicable margin reset auctions

Benefit Street reissues 2015 CLO with triple As printing at 119bp
Benefit Street Partners teamed up with MUFG on Monday to reissue its 2015 CLO named Benefit Street Partners CLO VI, tweaking the deal's name to VI-B in the process

CLO debt investors add risk by dipping into equity tranches
Investors that have traditionally bought CLO debt are piling into equity tranches, sources say. This comes as the arbitrage between CLO assets and liabilities has reached its most attractive level in years

CLO pipeline: Man GLG resurfaces from six-year absence as deals exiting call-lock fill pipeline
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

Nuveen lowers 2019 CLO's funding costs by 31 basis points
Nuveen refinanced its 2019 CLO named Symphony XXI on Wednesday, lowering the deal's funding costs by 31 basis points in the process

CBAM prices 2021's third-largest CLO transaction via MUFG
CBAM teamed up with MUFG on Wednesday to price a $1.21 billion reset of CBAM CLO 2017-3

$1.25 billion of CLO refis span range of tenors
The CLO primary market absorbed $1.25 billion of refinancings as American Money Management Corporation, First Eagle Investment Management, PGIM and Alcentra priced cost-cutting transactions, with different reinvestment periods across the pack

Five refis add $1.43 billion to CLO market
The CLO primary market has absorbed another $1.43 billion of refinancing paper as five managers printed cost-cutting transactions