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Napier Park prices first European new issue CLO of the year
8 days ago
Priced this afternoon, Napier Park’s third deal of 2024 marked its first European offering this year – a new-issue CLO valued at EUR 456.9m, arranged by Natixis. -
Triple A delayed-draw structure helps European CLOs beat negative carry
15 days ago
The first quarter of this year saw a trio of unusual deals in the European market: new issues that include delayed-draw options on triple A coupons. It is the first time this facility has been seen on CLO triple A notes. -
European resets return as Carlyle reworks 2022 vintage deal
16 days ago
This week’s latest European CLO reset from Carlyle Group maintained the market’s trend so far this year for sub-150bps pricing levels -
RR ABS issuance continues as AB prices new deal
16 days ago
ABPCI has become the latest manager to price a recurring revenue 2024 ABS deal, a securitization of loans to high growth tech companies which sits somewhere between CLOs and ABS -
Europe sees another delayed-draw AAA as Onex prices
1 month ago
Onex Credit Partners became the third manager to bring to market a deal with a triple-A tranche in a delayed-draw format, when it priced OCP Euro CLO 2024-9 yesterday -
Fair Oaks makes punchy return to European CLO primary
1 month ago
Fair Oaks Capital returned to the primary market for the first time in two years, getting tight pricing on its Fair Oaks Loan Funding V -
Permira prices tenth European Providus CLO
1 month ago
Permira Credit threw their hat into the increasingly crowded European ring with their first deal of 2024 -
CVC keeps it tight for new European CLO
1 month ago
CVC Credit Partners hit a milestone on Thursday when it priced CVC Cordatus Loan Fund XXX, which matched this year's benchmark AAA spreads -
Blackrock breaks through 150bps barrier
2 months ago
BlackRock hit a significant milestone on Friday, matching the tightest new US print so far this year with its half-billion-dollar BSL CLO -
CIFC keeps the momentum going with fourth CLO this year
2 months ago
CIFC ramped up the pace of its primary market issuances on Thursday, issuing its fourth deal of 2024 with a new US BSL transaction arranged via Barclays -
European triple As drop below 150 as KKR prices new CLO
2 months ago
The somewhat limp activity in the European primary market so far in 2024 was given a kick along on Friday with the pricing of Avoca CLO XXIX, a new EUR 402.85m BSL CLO from KKR -
European CLO primary spreads still have a long way to go
3 months ago
Are European CLO spreads in the primary market cheap or expensive? Our latest research shows that while US managers can celebrate AAAs reaching the 150s, in Europe spreads still have a long way to go to reach historical norms. -
US CLO spreads continue to tighten as Oak Hill prints new deal
3 months ago
Prints in the primary CLO market continue to edge down even further, with Oak Hill Advisors last week setting a new triple-A benchmark at 148 bps over SOFR with its latest transaction, OHA Credit Funding 17 -
Axa ups the tempo for second European CLO reset this year
6 months ago
Europe saw its second CLO reset of the year last week as the 2022 vintage Adagio X was reset by Barclays -
US CLO pipeline: issuers takes credit sell-off in their stride as supply picks up
1 year ago
Despite the collapse of Silicon Valley Bank and Signature Bank in the last week, the CLO machine has continued to churn with just shy of $5 billion of US and mid market CLO issuance this week -
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. -
US CLO pipeline: Blackstone goes for 10 with tightest triple As of August
1 year ago
Blackstone Credit is marketing its latest CLO, Storm King Park, which will be the manager’s tenth US new issue of the year -
US CLO pipeline: like a (Center)bridge over troubled water
1 year ago
A large asset manager is marketing its first US CLO at a time of volatility in the underlying loan market. Whereas other funds build walls, CLOs build bridges -
Blackstone prints Euro CLO triple As at tight 170bp
1 year ago
Blackstone priced its latest European CLO yesterday with triple As pricing at least 50bp tighter than current market levels -
CLO pipeline: only way is up after tier one price talk hits new wides
1 year ago
There is a build up of nine deals in the US CLO pipeline as the market heads to a CLO conference in Las Vegas. -
Revlon spares no blushes for CLO managers in filing for Chapter 11
1 year ago
Troubled lender Revlon Consumer Products filed for chapter 11 bankruptcy late Wednesday night. The default is likely to have a weighty impact on the CLO market -
Carlyle prepares to sprint after taking plunge with "unramped" European CLO
1 year ago
Carlyle Group has produced what is believed to be a rare print-and-sprint CLO in Europe -
AMMC and Onex new CLOs add to bumper $2.4bn day for US issuance
2 years ago
American Money Management Corporation and Onex Credit Partners each priced a new CLO on Wednesday, part of a bonanza day for the primary market that brought $2.4 billion of new CLO issuance -
LCM sells triple As at discount in latest CLO
2 years ago
LCM Asset Management priced a new CLO on Wednesday, issuing the deal's $246 million senior triple A notes at a discount to par of 99.85 cents -
Anchorage shortens reinvestment and adds make-whole for second new CLO of 2022
2 years ago
Anchorage Capital has priced its second new CLO of the year, opting for a shorter reinvestment period and a make-whole period on the senior triple A notes
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