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European CLO reset matches market tights
2 months ago
The triple-A spreads on a European reset matched the tightest seen in European new-issue this year with the restructuring of a 2022-vintage transaction yesterday -
Ares chooses partial refi for giant 2015 vintage US BSL CLO
3 months ago
Ares has issued a partial refi of Ares XXXIV CLO, refinancing the triple A tranche of the 2015 vintage deal -
Blue Owl prices third deal this year
3 months ago
Blue Owl has priced its second private credit CLO of 2024, and its third deal this year overall, with a near-USD 600m transaction on Wednesday -
Largest new-issue CLO since 2017 prices
3 months ago
Golub Capital has stunned the market with its new-issue middle market CLO that priced on Tuesday – upsized from USD 500m to a mammoth USD 1.34bn -
Beneath the triple C: Stormy October hits CLOs with rising tide of downgrades
1 year ago
After a slight respite in the pace of downgrades over the summer for CLOs, October brought renewed momentum as macro-economic pressures - primarily high interest rate burdens for corporate borrowers and supply side inflation - became the recurring rationale -
Zais CLO reset prices wide of market, but strong portfolio boosts junior tranches
2 years ago
Zais Group has followed up its new issue CLO last month by resetting a 2020 CLO, sources say. Just like Zais CLO 17, the reset Zais 16 was arranged by Jefferies, and again priced substantially wide of market averages. However, the junior notes priced in line with, and at times tighter than, Zais 17 – perhaps reflecting the strong positioning of Zais 16’s portfolio. -
Credit Suisse plans mid market CLO push as it prices PennantPark deal
2 years ago
Credit Suisse arranged its first CLO backed by middle market loans in almost four years on Friday, pairing with PennantPark to print the manager's latest new issue deal -
Global CLO pricing lab: investors get over fatigue and embrace reset roll over
3 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 -
NIBC takes ESG-scored European CLO tally to two with strong execution
3 years ago
NIBC has priced its latest ESG-branded European CLO, North Westerly VII -
Permira slashes CLO funding cost by 20.1bp with partial refi
3 years ago
Permira Debt Managers joins the growing list of managers to partially refinance a 2018 CLO. Morgan Stanley arranged the.€274.8 million refi -
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 -
Four-year CLOs return to Europe as CBAM makes breakthrough
3 years ago
Citi returns to the European CLO market after a six month hiatus, while CBAM delivers Europe's first four-year CLO post covid -
Global CLO b-wic round-up: dealers get involved amid rally, but dispersion persists
3 years ago
The CLO secondary markets returned to form last week with $716.2 million of US CLO bonds and a further €306.5 million of European CLO paper listed. Although for both markets over half of the total volume listed came from Thursday’s scheduled b-wics -
CLO market celebrates Valentine's Day by romancing with resets
4 years ago
Refinancings have been the talk of the month in the CLO market, but this Valentines day saw managers turn their minds to resets -
Global CLO b-wic round-up: US CLO equity returns in big way as four control positions hit the market
4 years ago
Over $230 million of US CLO equity went on sale last week via bid lists, the first time these assets have made their way to the secondary market in 2020. It also marks the most US CLO equity listed in a week since at least 2018, according to CLO-i -
Euro CLO round-up: smaller (and newer) issuers print deals as spreads edge wider
4 years ago
It has been a relatively busy week for the European CLO market after three new deals priced to end a 17- day silence in the primary market. The quiet spell was broken by smaller CLO issuers. -
US CLO round-up: something old, something new, GSAM returns with newcomers too
4 years ago
GSAM is back pricing CLOs after 12 years away, while relative newcomers make swifter re-entries in the CLO market -
Permira returns to price third 2.0 European CLO
4 years ago
Permira Debt Managers priced its third European new issue CLO since returning to the market in February of last year and its first this year. -
Anchor equity in 2018 CLO reissue fails to trade in secondary market
4 years ago
The anchor equity piece of Anchorage Capital’s 2018 reissue, Anchorage CLO 5-R was up for grabs yesterday on a b-wic seen by Creditflux -
Euro CLO league tables: at long last - a reset, a refi and a debut
5 years ago
A chill swept through the European CLO market in April. While managers priced €3.16 billion of CLOs, it was the slowest month since January. -
Global CLO league tables at a glance - April 2019 YTD
5 years ago
Global CLO league tables at a glace - April 2019 YTD -
Global 2019 YTD CLO league tables at a glance
5 years ago
Global 2019 YTD CLO league tables at a glance -
US CLO league tables: heavyweights dust off and jump back in the ring
5 years ago
Competition has prevailed after a tough quarter for the CLO market, in which banks offloaded their carry-ons from last year -
European CLO round-up: single B basis between US and Europe narrows
5 years ago
The European CLO market finally came out of its issuance shutdown on Friday when Credit Suisse Asset Management partnered with Barclays to price Cadogan Square CLO XIII. -
CIFC prices triple As at 104bp in $814.13 million new issue CLO
6 years ago
The New York-based manager priced a new $814.13 million CLO yesterday via Citi
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