European CLOs rise in secondary with Sound Point deal up 4.25 cents from issuance
Double-B rated CLO tranches received bids in the high 90s on Wednesday with Sound Point Capital Management’s debut European CLO attracting the highest cover of 98.25 cents on the euro. But the CLO rally is lagging moves in corporate credit  

European triple As tighten to 106bp with CVC benchmark CLO
CVC Credit Partners priced its latest European CLO on Friday, securing the tightest triple A print since the March sell off

CLO pipeline: LCM switches arranger to complete deal and join issuance surge
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

CVC markets four-year Euro CLO from post-covid warehouse
CVC Credit Partners is marketing a European CLO with a four-year reinvestment period, having originated the deal from a warehouse it opened in October

Manager shrinks in distressed and explores US direct lending sale: Debtwire
A global asset manager has a fresh set of priorities for its global credit platform with distressed debt and US direct lending moving down the pecking order

CVC shaves 13bp off 2015 CLO's funding costs after single tranche refi
CVC Credit Partners has teamed up with Barclays to refinance the fixed-rate notes of its US CLO named Apidos XX

Deutsche Bank returns to US BSL new issue CLOs with first print in over 16 months
Deutsche Bank has priced its first US CLO backed by broadly syndicated loans in over 16 months after teaming up with CVC Credit Partners to issue the $402.5 million Apidos CLO XXXIV

CVC sets new triple A benchmark for Euro CLOs at 110bp
Triple A spreads continue to grind tighter with CVC pricing notes on CVC Cordatus Loan Fund XVIII today with a Euribor plus 110 basis points discount margin

CLO pipeline: managers prepare to end quarter with a bang
CLO issuance is showing no signs of slowing down as spreads continue to grind tighter and election day draws ever closer

CLO triple As expected to tighten to low 120s as CVC markets European deal
CVC Credit Partners is marketing a European CLO with triple As guided at Euribor plus 120 basis points to 125bp

Three years after launch, Rockford Tower joins the elite
The CLO platform launched by King Street Capital Management in 2017 has been crowned Creditflux Manager of the Year

Secondary European CLO market kicks into gear with 38 bonds on sale today
The European secondary CLO market is revving up with 38 debt tranches up for grabs across five b-wics today. The auctions take place this morning New York time and feature about €75 million of CLOs from triple As down to single Bs

CVC prices new CLOs in Europe and US
CVC Credit Partners has priced its first new CLOs post-covid 19 on both sides of the Atlantic - and dragged the US CLO market tighter in the process

Global CLO b-wic round up: dealer bid strengthens secondary CLO market across the board
The US CLO secondary market had over $1 billion listed in b-wics last week, the first time at this level in three weeks according to CLO-i. A further €270 million went on sale in the European CLO secondary market, as the dealer bid returned to assist in continued tightening across the capital stack

US retailer bankruptcy spells hit for CLOs and CDX HY tranches
US retailer Neiman Marcus's filing for chapter 11 protection opens the prospect of a fourth credit event in the CDX HY index and a sixth for on-the-run HY tranches, as well as a hit for CLOs

Seven points basis opens up in CLO triple Bs - but Investcorp trades well to defy trend
Triple B rated tranches once again swamped the secondary CLO market yesterday and trading levels suggest the basis between bonds on negative watch/outlook versus those not subject to a downgrade is about seven points

CVC raises $657 million for US direct lending fund
CVC Credit Partners has raised $657 million for its US direct lending fund, CVC Credit Partners US Direct Lending Fund II, exceeding its original $500 million target size

CVC looks to cut quarterly tenders from 25% to 10% in listed credit fund
CVC Credit Partners is looking to amend quarterly tender terms through shareholder approval on its its listed credit fund to "respond to changes relating to covid-19 pandemic in the best way possible"

CVC listed credit fund 'pre-emptively' sheds covid-19 related positions
CVC Credit has taken a conservative approach to addressing covid-19 volatility in its listed opportunistic credit fund, with the fund divesting several credit positions to manage risk 

Secondary CLO triple As slump below October levels
The secondary CLO market is showing no sign of stopping the rut with triple A rated paper in European and US markets displaying more weakness

CVC resets 2016 US CLO
CVC Credit Partners joined Credit Suisse Management in resetting a 2016 vintage US CLO via Barclays on Friday

Experienced CLO PM Bowers launches asset manager with private equity backing
Jonathan Bowers, a former partner and senior portfolio manager at CVC Credit Partners, has established an asset manager in partnership with a private equity firm

Euro CLO league tables: new issues shatter 2018’s record but total issuance falls
The European CLO market continues to grow at a record shattering pace with 2019 new issuance volumes totalling €29.8 billion, an 8% increase on 2018’s previous record figure, from 53 active managers

CVC prices its second new US CLO of 2019
CVC Credit Partners has wrapped up what has been a quiet year by its standards with a new US CLO, which priced yesterday

If you’re worried, you should be investing in higher rated companies
Gretchen Bergstresser of CVC takes our credit quiz