Creditflux

Medalist prepares first CLO since 2019 rebranding
Medalist Partners Corporate Finance is preparing to price the first CLO under its own moniker, according to market sources

Anchorage prices second-ever reset in bond securitisation market
Anchorage Capital Group priced a reset of 2015-vintage bond-flex CLO Anchorage Credit Funding 2 on Friday, completing just the second CBO reset in this market’s history

Pacific AM prices first new US CLO in 18 months
Pacific Asset Management has sailed back into the CLO primary market with its first new issue deal since May 2018, becoming the first CLO manager to issue a five-year reinvestment CLO in 2020

Investcorp lines up new CLOs on both sides of the Atlantic
Investcorp Credit Management is gearing up to price new issue CLOs in both the US and Europe, according to market sources

Carlyle and Natixis prepare European CLO reset
Carlyle Group is poised to reset one of its European CLOs for another 4.5 years of reinvestment, according to market sources

DoubleLine to refi 2017 CLO without WAL extension
The wave of US CLO refinancings is getting bigger with DoubleLine Capital working with Citi to refi Parallel 2017-1, according to market sources

Euro loan trading: CLO managers find a home for building specialist's downsized loan
CRH Europe issued a €700 million term loan B in November, which was downsized from €900 million. But still, it has proved popular with CLO managers with CLO-i indicating that CLOs bought €275.2 million of the loan

Euro CLO volume could beat €25 billion consensus in 2020, says TwentyFour
Current spread tightening in Europe’s CLO market could boost issuance beyond the widely anticipated €25 billion for 2020, according to a note from TwentyFour Asset Management

High-spread CLO manager pre-markets short-dated deal
A CLO manager which is known for building high spread portfolios is pre-marketing a two year deal with price talk on the triple As at 120-125bp 

Global CLO b-wic round-up: junior mezz rebounds with busiest week since June
Secondary market CLO trading has made a busy start to 2020 with $478.6 million of US deals and €103.3 million of European CLOs up for sale last week

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

CIFC prices refinancing of 2017 CLO
A busy week kicked off the new year with at least six CLOs in the market

TPG CLO points to tighter pricing across all ratings bands
TPG Capital has launched a new issue CLO via JP Morgan, with price talk pointing to tighter CLO liability pricing heading into the new year

Golub and Wells Fargo open 2020 CLO primary market
Golub Capital Partners has priced the first transaction in the CLO market this year

Price talk emerges as ICG markets first CLO reset of 2020
Warehouses might indicate a healthy pipeline for new issuance, but right now, managers test pricing with refis and resets

CLO refis come back in favour as PGIM and CIFC hit the market
PGIM and CIFC Asset Management launched US CLO refinancings this week via Bank of America and Citi, respectively, according to market sources. Price guidance on the triple A tranches indicates a solid opening to the year

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

Canaras prepares new issue US CLO return after 18-month break
Canaras Capital Management is preparing its first new issue CLO for over 18 months, according to market sources, and has hired Jefferies as arranger for the deal

Apex brings 2019's CLO market to a close with final transaction
Apex Credit Partners, the CLO management arm of Jefferies, brought 2019’s CLO market to a close on Christmas Eve by pricing the final transaction of the year

York closes out 2019 with $402.8 million new CLO
York Capital Management wrapped up its 2019 CLO issuance with a final deal of the year on 20 December

Anchorage adds high triple-C CLO to its roster after pricing upsized deal
Anchorage Capital Group managed to price its high triple-C CLO before the end of 2019 with market sources indicating the firm issued a $406 million CLO on 23 December

Axa IM makes savings at triple A level, but juniors widen as it prices new US CLO
Axa Investment Managers has priced a new US CLO which underlines how senior CLO spreads have been stable this year, while junior spreads have shot wider

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

Mid market deal flow picks up as Antares prices $400 million CLO
Middle market CLO formation has picked up with Antares Capital pricing a $400.8 million yesterday to mark the ninth transaction since the start of November

Anchorage markets CLO triple As at 195bp in novel high triple-C CLO
Anchorage is marketing a high triple-C CLO with a lower than average triple C bucket for such a deal, but with a market value test and par flush triggers.