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Napier Park prices first European new issue CLO of the year
4 days ago
Priced this afternoon, Napier Park’s third deal of 2024 marked its first European offering this year – a new-issue CLO valued at EUR 456.9m, arranged by Natixis. -
European reset highlights weakness in mezz despite robust senior demand
6 days ago
Partners Group priced its second European CLO of the year last Thursday – a EUR 406m reset of the 2022-vintage Penta CLO 12 -
European resets return as Carlyle reworks 2022 vintage deal
12 days ago
This week’s latest European CLO reset from Carlyle Group maintained the market’s trend so far this year for sub-150bps pricing levels -
Carlyle joins European rush with new CLO
1 month ago
Carlyle returned to the European CLO market for the first time in 18 months with Carlyle Euro CLO 2024-1 -
Sculptor returns to European CLO market after two year gap
1 month ago
Sculptor priced its fourth deal of the year on Wednesday, and its first European CLO in over two years -
Arini is already back as second CLO prices
1 month ago
Continuing its rapid advance in the European market, Arini Capital priced its second CLO last week -
Boutique manager chimes in with second European CLO
2 months ago
Signal Capital Partners last week became the latest manager to add to the burgeoning issuance in the European primary CLO market with an upsized EUR 450m new issue deal -
Nassau prints upsized second Euro CLO
1 year ago
Nassau Corporate Credit has wrapped up its second European CLO today via Jefferies, just over one year after making its debut on the continent -
CVC and PGIM add to European CLO new issue surge
1 year ago
CVC and PGIM joined Ares, Neuberger and Oaktree in pricing new issues last week -
Capital Four prints two-year ESG European CLO
1 year ago
Capital Four has become the latest European CLO manager to print a short-dated new issue, with JP Morgan arranging the €351.6 million deal, named Capital Four Euro CLO IV -
BlackRock Euro CLO set to price, with KKR and ICG in line and 115bp emerging as triple A benchmark
2 years ago
BlackRock is expected to price a European CLO issue today via Bank of America. The immediate CLO pipeline is thin, but KKR is marketing a deal via Morgan Stanley and ICG is marketing via Citi -
Sound Point resets second Euro CLO with triple As to 93bp
2 years ago
Sound Point has teamed up with Credit Suisse to rework its second European CLO, resetting the deal and shaving 18.6 basis points off the CLO’s cost of debt -
Barings and BNP Paribas team up for first European CLO reset of year
2 years ago
BNP Paribas has reset Barings Euro CLO 2015-1 with all tranches (bar the double Bs) pricing roughly in line with December resets. -
Global CLO trading lab: Seasoned equity prices lag as debt spreads level out
2 years ago
The CLO secondary market took a back seat to the surging primary market in August and September with secondary US CLO volume accounting for just 3.7% and 4.2% of the total US CLO market (primary and secondary volumes). But opportunities are there in CLO equity tranches -
Global CLO trading lab: Equity supply spikes as investors go long
2 years ago
CLO equity returned to the secondary market in a big way last week, after a month of very little visibility, with $118.3 million of US CLO and €44.9 million of European CLO subordinated notes on sale -
Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
2 years ago
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources -
Global CLO pricing lab: investors get over fatigue and embrace reset roll over
2 years ago
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues -
CLO captive funds surge as US manager becomes latest to launch
3 years ago
The New York-based manager joins the likes of Kayne Anderson and GoldenTree this year to raise funds to invest in their own CLO equity and warehouse lines -
Credit fundraising: ESG centre stage as capital pours into new strategies
3 years ago
Sustainability was the watchword for fundraising in February, amid a flurry of fund launches as well as first closes for impact funds and sustainable bond funds -
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 -
Voya prints ESG European CLO via JP Morgan
3 years ago
Voya Investment Management has priced an environmentally, social and governance-compliant European CLO named Voya European CLO IV -
Credit Suisse registers €1 billion euro CLO issuance in October as Partners prices
3 years ago
October European CLO issuance stands at just over €2.7 billion, the largest monthly volume since the March sell-off -
Sculptor returns to European CLO market after 14-month absence
3 years ago
Sculptor has priced its first European CLO of the year via Barclays. The deal brings CLO issuance in October so far to a strong €2.4 billion and year-to-date issuance to just over €17 billion -
Hayfin readies second new European CLO with Goldman Sachs in three months
3 years ago
Hayfin Capital Management is preparing to price its second CLO via Goldman Sachs in the space of three months -
Euro CLO round-up: fluctuating spreads give mixed signals
3 years ago
Last week was one of the European CLO market’s busiest since the coronavirus crisis began, as four managers brought new deals to market – adding €1.35 billion
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