Trimaran adds to floating CLO refi trend after reworking 2016 CLO
The return of floating-rate CLO tranche refinancing, a trend that emerged in the final weeks of 2020, has continued into 2021 as Trimaran Advisors cut the funding costs on four tranches of Catamaran CLO 2016-1

Euro CLO league tables: Killer Bs: Barclays and Blackstone cause buzz to lead new issuance
The coronavirus pandemic-induced volatility had a marked effect on the European CLO market in 2020 with total issuance falling by €18.5 billion and new issuance €7.8 billion lower than 2019’s figures

First Eagle joins PGIM as only managers to print pre-covid-style refis
First Eagle Investment Management has become the second manager to price a pre-covid style CLO refinancing in the post-covid era, teaming with Credit Suisse to cut the funding costs on three tranches of KVK CLO 2016-1A

Bain completes fifth new US CLO of 2020
Bain Capital Credit on Wednesday joined the exclusive list of US CLO managers to price at least five new issues in 2020

Euro CLO league tables: Barclays heads close race for new issues
Bridgepoint became the fifth European debut manager in 2020 when it teamed up with Barclays to price Bridgepoint CLO I on 13 November. The €301.85 million deal featured triple A notes at 121bp over Euribor, 11bp wide of market tights

CSAM refis fixed-rate notes from 2018 US CLO
Credit Suisse Asset Management has refinanced the fixed-rate triple As from its 2018 CLO, Madison Park Funding XLIV

Five-year CLOs back in vogue as Bain joins group of long duration issuers
Bain Capital Credit has priced the fourth five-year reinvestment CLO amid the coronavirus pandemic as the market continues to creep back towards pre-covid norms

Credit Suisse registers €1 billion euro CLO issuance in October as Partners prices
October European CLO issuance stands at just over €2.7 billion, the largest monthly volume since the March sell-off

Chicago-based manager returns to CLO primary with first new issue for 17 months
PPM Loan Management has staged a CLO primary comeback by printing its first new issue deal in just over 17 months

Euro CLO primary mezz snaps wider but senior holds firm as Ares and PGIM print
Fears around a second wave of coronavirus pandemic have pushed European mezzanine spreads wider since September, with new CLOs from PGIM and Ares Management underlining this shift

Faith in structures has been rewarded
CLOs have been resilient against covid-19 fallout, said speakers at Creditflux’s CLO Symposium last month. But there’s always room to improve and 3.0 deals may add ESG and bullet tranches

Redding Ridge prints third European CLO since March sell-off
Redding Ridge Asset Management has priced its latest European CLO named RRE 5

CLO pipeline: primary tightening opens door for CLO managers to print new issues
The CLO primary market is hitting a fast pace as it enters the last quarter of 2020. Last week brought a surge of new issuance as 11 US, two European and one mid market CLO manager priced their latest transactions

PGIM embarks on European CLO comeback with first deal since early March
PGIM is set to price its first post-covid European CLO as the manager markets Dryden 79 with triple A notes within range of a deal which it priced in early March

Canyon prints its first reinvesting CLO of 2020 as junior debt tightens
Canyon Capital has priced its second CLO post-covid, and its first reinvesting deal of 2020

Elmwood teams up with Credit Suisse for first time on CLO
Elmwood Asset Management has priced its second CLO within three months, as well as the first CLO in its history to be arranged by Credit Suisse

Credit Suisse hires euro CLO syndication and origination head from Natixis
Credit Suisse has hired a replacement head of European CLO origination and syndication following the departure of Florent Chagnard

KKR prices its first new US CLO since January
KKR has priced its first new issue US CLO post-covid, after teaming with Credit Suisse to issue the $450.75 millon deal named KKR CLO 30

Pemberton hires Credit Suisse head of Emea high yield syndicate
European direct lender Pemberton has hired a managing director and mid-market debt portfolio manager from Credit Suisse

European CLO volumes expected to rise and fall in coming months: Creditflux CLO Symposium
Europe's CLO primary market is gearing up for a busy few months as managers seek to term out pre-covid warehouses before they enter their amortization periods, but the longer-term outlook for issuance is more uncertain, according to panelists on the European CLO panel at Creditflux's CLO Symposium today

Dislocation and costly payment debacle highlight loan tech lag
Coronavirus-led dislocation in the leveraged loan market, as well as a bank’s recent claims of human error in making a large loan payment, underscore the industry’s need to embrace long-overdue efficiency improvements

Credit Suisse shakes up leveraged finance with origination and restructuring co-heads
Credit Suisse has made a number of senior promotions in its leveraged finance team, appointing two new global co-heads of leveraged finance origination and restructuring

Global CLO league tables - July 2020 YTD
Global CLO league tables - July 2020 YTD

Credit Suisse's head of European CLO syndication to join Citi
Credit Suisse's head of European CLO syndication and origination is set to make a move to Citi, to partly fill the void on the bank's primary CLO desk

Cairn prices first European CLO of 2020 via Credit Suisse
Cairn Loan Investments has priced its first European CLO transaction of 2020, via Credit Suisse