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Onex converts notes to loans in revamped 2019 CLO amid $457 million refi
3 years ago
Onex Credit Partners has completely overhauled the capital structure of its 2019 deal named OCP CLO 2019-16 as part of a refinancing, including converting parts of tranches originally issued as bonds into loan format -
Spire inserts triple A loan tranche in European CLO reset
3 years ago
Bank of America arranged the €411.4 million transaction, which includes split triple A, pari-passu tranches in loan and note formats -
Blackstone cuts spreads on post-reinvestment mid market CLO
3 years ago
Blackstone Credit has refinanced four tranches of a 2019 middle market CLO just over four months after the deal left reinvestment -
HPS issues US CLO market's 15th single B tranche of 2021
3 years ago
HPS Investment Partners has become the 15th US CLO manager of the year to issue a single B tranche, bringing the total issuance of the liability class for 2021 up to $108.8 million -
Barings' new US CLO joins group of tight 2021 prints
3 years ago
Barings has produced its first new CLO of 2020, teaming up with JP Morgan on the $359.2 million deal named Barings CLO 2021-I -
2020 European CLO absentee hits 80bp triple A tights while mezz trails wider
3 years ago
Barclays arranged the €407.5 million transaction on Friday -
European CLO mezz drifts wider as Sculptor and GLG reset and refi
3 years ago
Sculptor has reset its inaugural European CLO, Sculptor European CLO I, via Bank of America -
CIFC's 102bp triple As pull CLO average tighter
3 years ago
CIFC Asset Management priced its second CLO of the year on Friday with the triple A notes coming in at 102 basis points over Libor -
Morgan Stanley IM ups CLO pace with second new deal in four months
3 years ago
Morgan Stanley investment management has cranked up the pace of its new CLO formation by printing its second deal in just four months -
CLO refi spree heats up with $1.84 billion in one day
3 years ago
Another $1.84 billion of CLO paper refinanced on Friday as five managers - PineBridge Investments, Credit Suisse Asset Management, Mackay Shields, Steele Creek and MJX Asset Management - took to the primary market to cut their funding costs -
Mid market CLO spreads reach tightest point since 2018 as Fortress prices new issue
3 years ago
Four-year triple A spreads on middle market CLOs reached new post-covid tights on Friday as Fortress Investment Group issued a deal with first-pays at just 155 basis points over Libor -
European CLO rollover rate slumps amid refi/reset surge
3 years ago
European CLO investors' rolling rate into refinancings and resets has dropped since the start of the year, with the huge pipeline, a flight to quality and caution about widening spreads all playing a part -
Euro CLO mezz spreads leak wider but seniors hold firm as ICG resets
3 years ago
European CLO mezzanine reset spreads have widened out slightly this week, highlighted by Intermediate Capital Group’s reset of St Pauls CLO VI via JP Morgan -
AIG offers single B notes in largest CLO to date
3 years ago
AIG Asset Management issued its largets CLO to date on Thursday. Named AIG CLO 2021-1, the transaction came in at a par value of $515.3 million -
Blackstone scores one of tightest ever 2.0 US CLO funding costs
3 years ago
Blackstone Credit has priced one of the tightest 2.0 CLOs ever with funding costs of just 141.61 basis points -
Apex shaves 47bp from triple A in 2017 CLO refi
3 years ago
Apex Credit Partners, the credit manager owned by Jefferies, refinanced three tranches of its 2017 CLO named Apex 2017-1, saving itself 47 basis points on its triple A notes in the process -
PGIM refis 2018 CLO with triple and double Bs wider
3 years ago
PGIM has saved 12.34 basis points after refinancing its 2018 CLO named Dryden 61. Unusually for a refi, the triple and double B notes were wider than in their original issue form -
Allstate produces curve-flattening, benchmark-setting CLO as five-year triple As hit 99bp
3 years ago
CLO re-tiering is gathering pace with Allstate Investment Management Company moving into the top bracket of CLO issuers, judging by the firm’s new five-year US CLO which priced Thursday -
CLO single B tranche buyers emerge from above and below
3 years ago
CLO single B tranche buyers emerge from above and below -
European CLO and loan spreads jostle in tight race
3 years ago
New issue CLO spreads have tightened so sharply in Europe that market participants are questioning how long the process can continue. -
CLOs at a glance (March 2021)
3 years ago
A listing of CLOs that have priced in the last month -
Neuberger Berman joins tightest CLO resetters with triple As at 104bp
3 years ago
Neuberger Berman has reset its 2017 vintage CLO named Neuberger Berman CLO XVI-S, with the triple A notes printing at just 104 basis points over Libor -
Five Arrows cuts 2019 CLO's debt burden by 34.4bp
3 years ago
Five Arrows Managers has refinanced its 2019 vintage CLO named Ocean Trails VII and lowered its funding costs by 34.4 basis points in the process -
Antares reclaims largest 2.0 CLO moniker at new market tights
3 years ago
Antares Capital reclaimed its title as the manager of the largest 2.0 CLO on Tuesday by upsizing its debut deal to a huge $2.29 billion as part of a reset -
ICG upsize makes US CLO its largest ever
3 years ago
ICG has issued its latest CLO offering, affording the deal an upsize before pricing that makes it the firm's largest ever in the US
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