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Anchorage resets 2015 vintage CLO once more
1 month ago
Anchorage Capital reset a much-revisited CLO from 2015 last week in a short-dated deal. -
KKR keeps it short-dated for latest reset
2 months ago
Morgan Stanley has priced the first short-dated deal of the year, with a USD 427.9m reset of the 2020 vintage KKR CLO 28 -
Loan Highlights 3Q23: Loan volumes remain significantly lower than historical averages
6 months ago
Capital markets loan activity continued to struggle in the third quarter of 2023, as issuers in the Americas and Europe held off from tapping markets -
Man Group moves into US private credit with new acquisition
9 months ago
Man Group is buying US middle market lender Varagon Capital, according to a company announcement, in a $183 million deal due to complete in Q3 2023. -
Beneath the triple C: Life could be better, but it’s just a letter, under the CCC
1 year ago
Many market participants were eagerly looking forward to a break in December after a gruelling year, but the rating agencies were in no mood to oblige. -
Mid market CLO league tables: Golub makes it six straight while Natixis blows away the competition
1 year ago
In a trying year, issuance of mid market CLOs dropped a considerable amount. Total volumes dropped from $43.6 billion in 2021 to $20.8 billion in 2022, a 52% decrease year-on-year -
Beneath the triple C: Winter is coming for CLOs as downgrades outstrip upgrades
1 year ago
Both US and European issuers have felt downward pressure from the rating agencies as we head towards the end of the year, with downgrades to triple C now firmly outpacing upgrades out of it. -
Mid market CLO league tables: Golub scores in 90th minute as Natixis leads banks
1 year ago
Golub Capital left it late, but the prolific mid market CLO manager wrestled the lead in new issuance from Blackstone Credit last month -
European CLO managers trade loans to avoid (par) burn
1 year ago
Between March and July, European CLO managers traded €21 billion of assets within CLOs that were still in their reinvestment period as opportunities arose amid a weaker macro environment and Russia’s war with Ukraine -
China property rescue plan keeps credit on front foot
1 year ago
China’s policy shift on covid rules and measures to prop up its ailing property market have brought a buoyant start to the week, despite financial markets having already rallied sharply last week -
Mid market CLO league tables: HIG returns to CLOs while Natixis gallops further ahead
1 year ago
Three managers priced a mid market CLO in October as volumes crossed $1 billion for the third straight month -
Mid market CLO league tables: Golub gains ground on Blackstone with rare euro-tranche deal
1 year ago
Four managers - Blue Owl, Golub, Monroe and PennantPark - priced new issue mid market CLOs in September -
Beneath the triple C: US CLOs take a dip in the triple C as Europe watches from the sun lounger
1 year ago
The US CLO market bore the brunt of downgrades to triple C in July and August, with a total of $6.22 billion of paper affected. European CLOs enjoyed a more relaxing summer holiday, with only 1 name representing €33.88 million worth of bonds downgraded to triple C. -
Mid market CLO league tables: Natixis extends lead with two new issues but SocGen stays close
1 year ago
Of the three mid market CLO new issues that priced in August, market leader Natixis arranged two of them to put some breathing room between it and its nearest rivals -
Mid market CLO league tables: deal drought keeps leader board tight
1 year ago
July was the quietest month for middle market CLOs in the last 12 months. Blackstone Credit’s BCRED MML CLO 2022-2 was the sole deal to price, which added $498.11 million to the year’s tally -
Italian rally extends as Europe opens week on stronger tone than US
1 year ago
Improvement in Italian spreads is helping the European market maintain its better tone at the start of the week, but after July’s rally many investors will be wary at entering a month that has often been negative for credit performance -
Mid market CLO league tables: KeyBank notches first new issue credit
1 year ago
Managers priced one new issue and one reset in the mid market CLO space in June for a total of $603.1 million, the lowest monthly figure since January when $590 million was priced -
Mid market CLO league tables: Familiar feeling as Golub and Natixis lead after tumultuous month
1 year ago
Only $1.15 billion of mid market CLO issuance was priced in May, for the quietest month in the space since January -
Flurry of US CLOs print as Barclays boosts CLO issuance with Brigade and Bain deals
1 year ago
Barclays has brought over $906 million of issuance to the market, printing deals for Bain Capital Credit and Creditflux’s newly crowned US CLO manager of the year Brigade Capital Management -
Blackstone Credit reclaims CLO leaderboard top spot just one day after Elmwood overtook
1 year ago
Blackstone Credit on Thursday priced its fifth US CLO of the year, bringing its issuance volume to $2.97 billion and retaking its top spot on the CLO leaderboard -
Invesco matches PGIM and Ares US CLO triple As at 144bp
1 year ago
Invesco priced its second new issue CLO this year yesterday, according to market sources as it paired with Morgan Stanley to print Invesco 2022-2 -
Mid market CLO league tables: Arranger base grows as bumper day boosts issuance
1 year ago
Managers priced $3.4 billion of mid market CLO paper priced last month, the second busiest month of the year behind February and the third straight month new issues and resets made up 100% of issuance -
PGIM surpasses $2 billion new US CLO volume for 2022
2 years ago
PGIM surpassed $2 billion of US CLO volume for 2022 on Thursday by printing its fourth new transaction -
Ares prints largest regular CLO of 2022
2 years ago
Ares Management priced its eighth largest CLO of all time on Wednesday, pairing with Goldman Sachs on the huge $806.7 million deal named Ares XLV -
Octagon prints largest CLO in over two and a half years
2 years ago
Octagon Credit Investors priced a $610.2 million CLO on Thursday, its largest new issue deal since October 2018
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