Creditflux

Neuberger Berman prices first ever CLO 2.0 with Credit Suisse
Neuberger Berman and Credit Suisse have issued their first ever CLO as a manager-arranger partnership in the 2.0 era

Sound Point refinances single tranche of 2016 CLO
Sound Point Capital Management yesterday brought its 2019 deal count up to eight transactions after refinancing the triple A piece of its 2016 deal Sound Point CLO XIV

Voya cuts 35bp off 2016 CLO's funding costs following refi
Voya Alternative Asset Management has refinanced a 2016 CLO, cutting its funding costs by 35.01 basis points in the process

New manager premium evaporates for Sound Point in second euro CLO
Sound Point Capital Management has priced its second European CLO, just three months after its debut issuance on the continent

KKR splits double A tranche into fixed and floating as it prices US new issue CLO
KKR Credit has issued its third third new CLO of the year. One crucial difference between marketing and pricing was the split in the double A tranche into a fixed rate and floating rate tranche

KKR looks to price third new issue US CLO of 2019 amid tighter market
KKR Credit is targeting its third new CLO of the year. KKR CLO 26 is being marketed by Credit Suisse and is set to price at tighter levels than the other KKR CLOs that have been issued this year, judging by price talk

Sound Point readies second European CLO after debuting in April
Sound Point Capital Management has launched its second CLO in Europe

CLO pipeline: managers return in force after varying time-outs
CLO managers in all markets are taking the view that the time is ripe to print their latest deals. There are 30 transactions in the US CLO pipeline this week with a further four in the middle market space and Europe

MJX cuts 15bp off triple A spread following CLO reset
MJX Asset Management returned to the CLO primary market on Friday to reset its 2013 vintage deal named Venture XV

Credit funds at a glance

Bain prices $346.15 million refi of 2015 vintage CLO
Bain Capital Credit has refinanced its 2015 vintage CLO named Avery Point VII, according to market sources

Owl Rock hires ex-Credit Suisse official to New York team
The middle market lender has hired Credit Suisse's former head of US high yield bridge finance 

Senior figure rejoins Credit Suisse to head European capital markets
The bank is looking to build out its key European platforms - and has hired an official who left just last summer 

Invesco refinances 2016 CLO and moves to floating rate-only liability structure
Credit Suisse collapses fixed into floating tranches

Euro CLO league tables: May’s refinancings fall just shy of €1 billion
European CLO monthly issuance has stayed roughly level since February what has differed recently though is the volumes of all forms of refinancings.

Aimco gets off the mark in 2019 with new CLO
Allstate Investment Management Company tapped Credit Suisse for its first new CLO of 2019

Market split over Credit Suisse’s CLO mascots
Credit Suisse has introduced a new structural innovation to CLO notes known as a ‘mascot’ — a modifiable and splittable or combinable tranche, which it added to Trimaran Cavu 2019-1 and Ocean Trails CLO VII. 

Euro CLO round-up: benchmark ruffles up, but junior tranches sit tight
CLO triple A benchmark levels underwent a shake-up last week as Credit Suisse Asset Management and HPS Investment Partners brought deals to the market with first-pay tranches printing above the recent benchmark of 108.5 basis points

CSAM syndicates triple A notes at 112bp in new European CLO
Credit Suisse Asset Management yesterday priced its latest European CLO offering, syndicating its triple A notes at 112 basis points over Euribor

CSAM plans double CLO issuance next week with US and EU deals in the market
Credit Suisse Asset Management is preparing to issue two new issue CLOs next week, with one issuance on either side of the Atlantic

Trimaran prices first CLO since LibreMax takeover
Trimaran Advisors has priced its first new CLO since its acquisition by LibreMax Capital in November last year

PPM goes for three years of reinvestment in CLO number three
PPM Loan Management today priced its second new CLO of 2019, teaming up with Credit Suisse to issue the $402.75 million transaction named PPM CLO 3

Credit Suisse adds special situations trading head among raft of hires
Credit Suisse has continued to build momentum in its credit business with the hire of a managing director to head special situations and loan trading with its Europe, Middle East and Africa credit products business, following on from nine others across its London and New York credit business

Marble Point teams up with Credit Suisse for first-time CLO partnership
Marble Point has priced teamed up with Credit Suisse to price its latest new issue CLO named Marble Point CLO XV

CLO pipeline: refinancings to make a comeback
CLO refinancings look set to continue their recent surge in the US CLO market, with another five refinancings and two resets appearing in the pipeline.