CLO pipeline: four US and two European managers prepare first 2021 CLOs
The CLO market is set to carry on roaring with the pipeline as full as ever despite the summer slowdown just around the corner  

Marble Point defies Q2 CLO spread widening but double Bs edge wider in new deal
Marble Point Capital Management has produced its second new US CLO of 2021 as junior CLO spreads edge wider. But the CLO has priced its debt tighter than its previous deal, defying a general move wider in the last three months

Diameter takes bite out of CLO pie with debut deal
Bond-flex CLO issuer Diameter Capital has made the move to traditional CLOs by pricing Diameter Capital CLO I yesterday via JP Morgan. This comes shortly after reports Apollo Global Management and Corbin Capital would provide seed capital towards this venture

Deutsche Bank plugs gap as it hires US CLO syndication head
Deutsche Bank has filled a gap on its CLO syndication team by hiring from one of the most productive CLO teams in the business

JP Morgan prints CLOs for CarVal and Western
JP Morgan has issued new CLOs for CarVal CLO Management and Western Asset Management Company

CLO managers embed new EU sustainable disclosure language in docs after investor push
Bridgepoint, CSAM and Pinebridge are among managers to include language related to the EU’s Sustainable Finance Disclosure Regulation, following a push from CLO investor Lupus alpha

Trinitas upsizes US CLO as senior/junior spread compression reverses
Trinitas Capital Management has priced a new US CLO after upsizing the transaction by just over $100 million, according to market sources. The transaction again demonstrates convergence between senior and junior CLO spreads over the past quarter, as reported by Creditflux yesterday, but more recently this has reversed

JP Morgan raises 2021 US CLO forecast to record $135 billion
JP Morgan's research desk has raised its US CLO new issue forecast for 2021 to $135 billion

PineBridge prices fourth European CLO reset of 2021
PineBridge Investments has taken its European CLO 2021 volumes to €1.39 billion after the London-based manager paired with JP Morgan to reset its 2015 deal, Euro Galaxy IV

Q2 senior and junior CLO spreads appear to converge as Sound Point prints new deal
Sound Point Capital Management has reached a landmark after printing Sound Point CLO XXX via JP Morgan on Friday, according to market sources. The deal suggested that senior CLO spreads have widened, while juniors have compressed since the start of the quarter

CLO equity fluctuates as resets trigger upsizes and downsizes
A once-rare move of CLO issuers upsizing or downsizing their equity tranches in resets is entering the mainstream

CVC scores tightest CLO refi print since April
CVC Credit Partners refinanced its 2017 CLO named Apidos XXVII on Tuesday, scoring the tightest triple A refi print since early April of just 93 basis points over Libor

Crescent and CSAM price $1 billion of CLO refis
Crescent Capital and Credit Suisse Asset Management brought two CLO refinancing transactions on Friday, boosting supply by $979.5 million

Sixth Street new CLO scores fifth tightest funding costs in Q2
Sixth Street Partners priced its third new CLO of the year on Friday and scored the fifth tightest funding costs of the second quarter

Global CLO league tables - May 2021 YTD
Global CLO league tables - May 2021 YTD

US CLO league tables: CIFC makes big leap but CSAM and JP Morgan retain leads
There has been no change atop the US CLO league tables, but Credit Suisse Asset Management’s and JP Morgan’s leads are dwindling

Norinchukin CLO book sheds $4.5 billion in Q1 as US banks step up
Norinchukin's CLO portfolio shrank by JPY 500 billion ($4.5 billion) in the first quarter, with the 6.76% drop representing its fastest decline on record

CLO pipeline: queue gets longer as Blackstone goes again and Sancus makes first move
The queue to price for US CLO managers is only getting larger with 18 new issue CLOs in the pipeline, according to market sources, along with 18 repricings and two new issue European CLOs and two mid market CLO resets

CLOs bask in 'golden period' as industry approaches $1 trillion market cap
The economic rebound following the reopening US economy has created a 'golden period' for the CLO market, market participants say

Canyon partners with JP Morgan on US new issue CLO
Canyon Partners priced a new issue CLO on Friday with funding costs of just 164.48 basis points

BofA hires US CLO structurer from JP Morgan
Bank of America has hired a former JP Morgan official to its US CLO structuring team

CLO pipeline: Five out, five in as market digests new issuance wave
Five new issue US CLOs priced from last week’s pipeline, but five more have replaced them in this week's edition of our pipeline report

Kayne produces rare partial CLO refi leaving triple As untouched
Kayne Anderson Capital Advisors has priced a rare partial CLO refi, cutting the costs of its mezzanine debt while leaving the triple A tranche untouched

CLO pipeline: new issue becomes name of game with 14 managers preparing to price
Only $3.2 billion of CLO paper priced globally across all forms of pricings this past week. But the market looks to set to explode back into life with 14 US CLO new issues in the pipeline

Global CLO league tables - April 2021 YTD
Global CLO league tables - April 2021 YTD