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Global CLO league tables - March 2022 YTD
2 years ago
Global CLO league tables - March YTD -
US CLO league tables: BofA marches on as Elmwood climbs to top in new issues
2 years ago
Last month, for the first time since June 2020, no resets or refinancings priced in the US CLO market as market volatility took repricings out of the money. This meant a month-on-month decline of $13.4 billion in overall issuance, but new issuance was still healthy with $11.6 billion pricing in March -
BlackRock Euro CLO set to price, with KKR and ICG in line and 115bp emerging as triple A benchmark
2 years ago
BlackRock is expected to price a European CLO issue today via Bank of America. The immediate CLO pipeline is thin, but KKR is marketing a deal via Morgan Stanley and ICG is marketing via Citi -
US CLO triple As drift out to 157bp as KKR prints second US CLO of the month
2 years ago
KKR has priced a new CLO complete with a four-year reinvestment period and a 157 basis point triple A coupon -
Four-year KKR US CLO nears pricing as BofA markets two deals
2 years ago
Bank of America is looking to build on the momentum that has taken it to the top of the US CLO new issue league tables with sources indicating the bank is working on deals for KKR and WhiteStar Asset Management -
KKR prices CLO with unusual reinvestment-call lock profile
2 years ago
KKR has priced a rare CLO with a short reinvestment window but long non-call period -
Fixed-rate CLO tranches emerge ahead of rate rises
2 years ago
Floating rate benchmarks — whether Sofr or Libor — have risen sharply this year ahead of interest rate hikes in the US, and that has coincided with a flurry of new issue CLOs that have incorporated fixed-rate debt tranches -
Euro CLO triple As show signs of succumbing to macro volatility as €1 billion paper prints
2 years ago
Over €1 billion worth of European CLO paper priced on Wednesday with two new issues from KKR and Spire, alongside a reset from ICG -
KKR inserts loan triple A tranche to new US CLO
2 years ago
KKR Credit on Wednesday followed up the CLO refinancing transaction it completed in late January with its first new CLO of 2022 -
CSA does not make sense for new loans and CLOs, say market participants
2 years ago
Credit market participants have not been too hung up on what the credit spread adjustment should be on new CLOs and loans aligning to term Sofr – and that’s a positive, according to speakers on a webinar hosted by DealCatalyst -
Credit funds at a glance (February 2022)
2 years ago
A round up of fundraising and people moves in credit -
CLOs at a glance (February 2022)
2 years ago
A listing of CLOs that have priced in the last month -
CSAM and KKR make structural changes to 2019 CLOs with refis
2 years ago
Managers priced more than $1.1 billion of CLO refinancings on Tuesday as Credit Suisse Asset Management and KKR turned legacy deals from 2019 into Sofr-based transactions -
KKR matches CSAM senior notes in Euro CLO refi, but goes tighter with mezz
2 years ago
JP Morgan has arranged a refinancing of KKR's 2016 European CLO Avoca XVII, which has around 2.2 years left of reinvestment with its non-call ending next February -
KKR and PGIM among bidders to buy Alcentra: Bloomberg
2 years ago
BNY Mellon is set to offload its credit investment unit Alcentra, according to a report by Bloomberg citing people familiar with the matter -
Two CLO funds launch following at least 20 in 2021
2 years ago
Two US credit managers have kicked off the year by launching funds geared towards investing in CLO tranches -
CLOs at a glance (January 2022)
2 years ago
A listing of CLOs that have priced in the last month -
Past returns: KKR’s unusual CLO liquidation
2 years ago
Five years ago in Creditflux, we reported that junior debt investors in a KKR-managed European CLO voted to alter the deal’s documentation so they could drive a liquidation of the legacy deal, such that they would receive roughly 92% of par -
Three managers think alike with refis of two-year European CLOs
2 years ago
Three European CLO managers hit the primary market on Friday to print two-year refinancings. This deal profile has been popular of late with seven such deals pricing in little over a month -
KKR offers 105bp area for junior triple As with Avoca Euro CLO refi
2 years ago
KKR Credit Advisors is looking to refinance triple A to triple B minus debt tranches from its Avoca CLO XX this week -
Telco and retailer gap wider as PE firms circle
2 years ago
Telecom Italia is one of the Monday credit market's biggest underperformers, in an otherwise finely poised start to the week -
Elmwood and KKR make it to eight new US CLOs in 2021
2 years ago
Elmwood Asset Management and KKR Asset Management each priced their eighth new US CLOs of the year on Monday, becoming just the fifth and sixth manager to achieve this feat -
Euro CLO triple As to tighten as new investors enter
2 years ago
CLO market participants anticipate European CLO triple As will grind tighter over the coming weeks as new buyers gobble up paper. -
European CLO triple As edge in to 96bp with third KKR new issue of 2021
2 years ago
European CLO triple As have tightened further in October with KKR pricing notes on its third new issue of the year, Avoca CLO XXV, at 96 basis points over Euribor -
US CLO pipeline: Go long! Refis fall from favour as AMMC looks to join list of 2021 issuers
2 years ago
The only record left to fall this year in US CLOs is 2017’s refinancing total of $102.8 billion with the market $6.3 billion shy. Yet this segment shows little interest to break more records with the pipeline filled with new issues and resets as longer tenured deals are preferred.
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