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Mezz moves tighter than senior notes as Palmer Square refis bond-flex CLO
3 years ago
Palmer Square Capital Management has teamed up with GreensLedge to refinance its sole bond-heavy CLO transaction from 2019 -
Static CLO funding costs shrink to lowest since 2018 as Palmer Square issues
3 years ago
Palmer Square Capital Management issued a static CLO transaction on Tuesday, with funding costs of just 118.33 basis points over Libor -
Palmer Square prices first CLO with Morgan Stanley
3 years ago
Palmer Square Capital Management has teamed up with Morgan Stanley to print a new CLO for the first time -
US CLO league tables: deja vu as static CLO gets primary market moving
3 years ago
It's deja vu all over again with a static CLO opening the primary market for the third consecutive year -
CLO pipeline: snow business like the CLO business
3 years ago
CLO issuers are putting aside the cold snap and are warming up with a flurry of deals. -
US CLO league tables: AGL and JP Morgan topple leaders in new issuance, but Apollo and Citi maintain overall dominance
3 years ago
Only 13 months after setting up shop, AGL Credit Management vaulted itself to the top of the US CLO new issue league tables in 2020 -
Global 2020 CLO league tables
3 years ago
Global 2020 CLO league tables -
Palmer Square sets tight print with first new issue CLO of 2021
3 years ago
Palmer Square Capital Management has priced the first new CLO of 2021, teaming up with Citi to issue the $401.6 million static transaction named Palmer Square Loan Funding 2021-1 -
CLO pipeline: managers waste no time cracking open the new year
3 years ago
The US CLO primary market is itching to open shop in 2021 as four refinancings and two resets line up alongside seven managers marketing new deals -
US CLO league tables: new issue rankings go to wire as post-pricing upsizes pop up
3 years ago
The new issue US CLO rankings are tightly contested with JP Morgan leading Citi by just $641 million with one month left of the year. Even in December's typically slower weeks this is a closeable gap -
Global CLO league tables - November 2020 YTD
3 years ago
Global CLO league tables - November 2020 YTD -
Global CLO b-wic round-up: Junior tranches rally amid heavy supply, including portfolio liquidation
3 years ago
The US CLO secondary market rally is showing no signs of slowing down after a week of over $1 billion worth of bonds was listed and well absorbed, according to market sources. The European market also had a roust week with over €300 million of paper up for grabs, although the market stayed generally flat with some tightening in double and single Bs -
LP round up: Monroe and Angelo Gordon beat 25 for direct lending mandate, as private credit plans brew
3 years ago
US public pension funds have disclosed $1.2 billion in commitments to credit focused strategies -
Colorado pension allocates $70 million to CLO debt strategy
3 years ago
Colorado Fire & Police Pension Association approved a $70 million commitment to a CLO debt strategy at its 5 November board meeting -
Global CLO league tables - October 2020 YTD
3 years ago
Global CLO league tables - October 2020 YTD -
Single B notes return as Palmer Square prints third reinvesting US CLO of 2020
3 years ago
Palmer Square Capital Management priced its ninth new issue CLO of 2020 on Friday, teaming with JP Morgan on the $401.1 million Palmer Square CLO 2020-3 -
Global b-wic round-up: Europe drifts wider
3 years ago
The CLO secondary market had a robust week with $860 million of US CLO paper and €315 million worth of European CLO bonds listed. But spreads widened off the back of concerns over lockdowns across the globe, the increased risk of downgrades and tomorrow’s US presidential election -
CLO pipeline: fixed income giants plan debut 2.0s with Morgan Stanley
3 years ago
Two large fixed income managers are pre-marketing debut 2.0 CLOs -
European CLO leverage battered
Average leverage in European CLOs has dropped to 8.1 times debt to equity since April3 years ago -
CLO rally keeps primary market flowing for most prolific issuers
3 years ago
The rally in CLO liabilities in September has given fresh impetus to the primary CLO market, which has benefitted from almost six months of favourable market dynamics -
Static US CLOs snap back to early March levels as Palmer Square prints
3 years ago
Palmer Square Capital Management priced its fourth static CLO of the year yesterday, with its triple A spread tightening to just 100 basis points over Libor. The print is another step for the CLO market toward pre-pandemic levels -
This doesn’t look like Kansas anymore: Palmer Square opts for unusual road to Europe
3 years ago
Palmer Square Capital Management is taking a novel approach to European CLO management with the head portfolio manager for its deals being stationed at its headquarters in Kansas City -
Global CLO league tables - August 2020 YTD
3 years ago
Global CLO league tables - August 2020 YTD -
CLO managers turn out pre-covid warehouses by splitting them in half
3 years ago
CLO managers are working through their backlog of hung warehouses that were ramped before the coronavirus crash by splitting their deals in half, according to market sources -
Global CLO b-wic round-up: Palmer Square sets highest cover as double B curve inverts
3 years ago
Palmer Square and MJX set the CLO secondary market trading range, but pickings in Europe were the slimmest they have been in almost five months
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