Palmer Square eyes talf-eligible CLO after Fed clarification
Palmer Square Capital Management is said to be exploring its options for issuing a term ABS loan facility (talf) eligible static CLO

Managers raise billions to take advantage of talf opportunities
Aegon, Payden & Rygel, Invesco, Morgan Stanley IM, Voya and Palmer Square are just some of the latest managers to have raised funds dedicated to the strategy 

Global CLO league tables - May 2020 YTD
Global CLO league tables - May 2020 YTD

US CLO league tables: light at the end of the tunnel as primary revives
May brought a rise in US CLO primary market activity with a combined $5.55 billion in new issuance for the month

Onex prices second US new issue CLO in three weeks
Onex Credit Partners priced its second new issue US CLO in just three weeks yesterday, via Natixis, to become the fourth US CLO manager to price two new issue CLOs during the covid-19 pandemic

Redding Ridge and Palmer Square climb to top of US new issue CLO league tables
Redding Ridge Asset Management and Palmer Square Capital Management have climbed to first and second position in the 2020 new issue US CLO league tables after each pricing new deals

US CLO league tables: coronavirus brings changes in approach and new top manager
Amid a big slump in CLO primary issuance, new deals have taken focus and there are some notable changes at the top of the league tables

Static US CLO advocate prices one-year reinvestment deal
Palmer Square Capital Management on Friday priced a $437.9 million CLO named Palmer Square CLO 2020-1, according to market sources

Palmer Square promotes senior official to president after Long drops title
Palmer Square Capital Management has promoted a partner and managing director president effective 18 March. The title was previously held by founder Chris Long 

New CLO affected as Fitch puts eight US single A tranches on negative watch
Fitch Ratings today added another 19 CLO tranches to its negative watch list, including eight that an original rating of single A, according to a statement from the rating agency

Global CLO b-wic round-up: $8 billion of US CLOs listed in record-breaking March
Last week brought an end to the busiest month in both the US and European CLO secondary markets since at least 2014. $7.7 billion of US CLO paper was on sale in March with a further €1.8 billion of European CLO bonds available, bringing the total listed in Q1 to $13.9 billion and €3.6 billion

Palmer Square becomes third manager to tout special static sell-off CLO
Palmer Square Capital Management is the latest manager to unveil a forthcoming static CLO to make good from the loan market's sell-off following the coronavirus outbreak

European CLO triple Bs go from 99 to 73 in less than a month
European CLO mezzanine prices have fallen by almost 30 cents in less than a month, with a b-wic yesterday featuring a 2019 PGIM-managed CLO underlining the dramatic decline

US CLO double Bs struggle as 2020 deal drops 40 cents in three months
A gap is emerging between single A US CLO tranches and junior CLO debt after $33 million of single As changed hands yesterday via a b-wic with prices between 82 and 87 cents. But a 2020 CLO shows how fast and sharp the decline has been for junior CLO paper

Palmer Square static CLO reveals funding-cost spike since January
Palmer Square Capital Management yesterday priced its second static CLO of 2020, according to market sources – but pricing levels show the toll coronavirus-related volatility has taken on short-dated CLO liabilities

US CLO league tables: $2 billion reissue fires Apollo and JP Morgan to top spots
Apollo Global Management and JP Morgan teamed up to price the largest CLO of the 2.0 era in February that helped propel both to the top of the US CLO and global CLO league tables

GSO joins exclusive club of US CLO managers to price triple As under 100bp
GSO Capital Partners joined a select few US CLO managers that have priced a deal this year with triple As paying under 100bp

US CLO league tables: old deals get a fresh start in the new year
The majority of CLO issuance last month was in all forms of repricings, which totalled $4.8 billion and accounted for 54.5% of US CLO volumes

Global CLO league tables - January 2020 YTD
Global CLO league tables - January 2020 YTD

CLOs at a glance: Lightning strikes twice with static shocks

Palmer Square becomes first CLO manager to price twice in 2020
Palmer Square Capital Management has issued its second CLO transaction of 2020, returning to the market with a $511.5 million refinancing just weeks after pricing a $702.55 million static new issue

CLO pipeline: no rest for the wicked as new issues hit the market
CLO market participants do not have the luxury of easing their way back to work with the new issue market up and running and a pipeline that is filling up fast 

Palmer Square upsizes static CLO by $200 million and prices inside guidance
Palmer Square Capital Management priced a static CLO on Friday that was upsized by $200 million before pricing

Palmer Square markets static deal as 2020 CLO primary market kicks off
Palmer Square Capital Management is out of the gate first in the 2020 CLO primary market

CBOs aren’t fixated on interest rate moves
The loan sell off at the start of this year highlighted that CBOs are not a play on interest rates or bond prices — they’re taking advantage of the flexibility to rotate between loans and bonds