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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. -
Debut manager joins European CLO market
7 months ago
The European CLO community grew a little bigger yesterday with the pricing of a deal from the first new entrant to the market since May -
West-coast giant prices second CLO this year
7 months ago
PIMCO returned to the CLO market for the second time this year with the pricing of Balboa Bay Loan Funding 2023-2 -
Carlyle tightens its CLO triple A print over 10bp in one month
11 months ago
Carlyle Group has priced a new CLO via Goldman Sachs, and in the process tightened its triple A print over 10 basis points from its previous new issue in April -
M&G marks re-entry into European primary market with new issue CLO
11 months ago
The world welcomed a new CLO manager on Wednesday as M&G Investments priced a new issue in Europe -
Redding Ridge adds five-year US CLO to its 2023 issuance
1 year ago
Redding Ridge Asset Management has become the first US CLO issuer to price two reinvesting CLOs in 2023. -
BNP launches marketing for Partners Euro CLO
1 year ago
BNP Paribas launched marketing for a Partners Group new issue European CLO yesterday, with pricing anticipated next week. -
Euro CLO market re-opens as HPS breaks new issue duck with triple As at 205bp
1 year ago
HPS Investment Management has become the first European CLO issuer of the year, pricing Aqueduct European CLO 7-2022 and shaving off 10bp off triple A price guidance -
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. -
AMMC returns with first new CLO in over six months
1 year ago
American Money Management Corporation priced its first new CLO in six months on Wednesday -
Beneath the triple C: Stormy October hits CLOs with rising tide of downgrades
1 year ago
After a slight respite in the pace of downgrades over the summer for CLOs, October brought renewed momentum as macro-economic pressures - primarily high interest rate burdens for corporate borrowers and supply side inflation - became the recurring rationale -
KKR and Mubadala form $1 billion Asian private credit partnership
1 year ago
KKR and Abu Dhabi state fund Mubadala have formed a $1 billion ‘strategic partnership’ to co-invest across performing Asia private credit -
Open US CLO warehouses up 265% since January, Maples report reveals
1 year ago
The total number of open US CLO warehouses has increased 265% since the beginning of 2022, through there be some early signs of levelling off in September, according to the latest edition of the ‘CLO-ser’ report published by Maples -
UK and Italy in focus as credit rout extends
1 year ago
UK and Italy sovereign credit spreads are heading wider on Wednesday, as the market-wide sell-off takes indices to new extremes for the year -
Nerves of steel needed for CLOs as Phoenix Services files for chapter 11
1 year ago
CLOs hold $341.54 million of steel service provider Phoenix Services Topco which filed for chapter 11 protection in the US Bankruptcy Court for the District of Delaware yesterday -
Putnam adds to CLO comeback with second new issue
1 year ago
Putnam Investments, which made a return to CLOs in 2021 after a 17-year absence, has priced its second new issue deal of that comeback with triple A coupons starting at 200bp -
Euro markets slump against US after slowdown signals drive sell off
1 year ago
European credit is once again underperforming the US, after data pointing to economic slowdown sent the euro to a 20-year low against the dollar -
Antares upsizes billion-dollar CLO in third-largest primary transaction of 2022
2 years ago
Antares Capital reset its 2018-2 CLO via Deutsche Bank on Thursday, in the third-largest primary market transaction of the year at $1.06 billion -
Cerberus shows CLO price movement with first new mid market deal of 2022
2 years ago
Cerberus Loan Management on Friday priced its first new middle market CLO of the year -
Golub mid-market CLO upsizes to over $1 billion after reset
2 years ago
SMBC Nikko has reset a middle market CLO for Golub Capital Partners, taking the deal size up beyond $1 billion in the process, sources say -
Owl Rock doubles size of 2020 mid market CLO with reset
2 years ago
Owl Rock Capital has more than doubled the size of its late 2020 CLO named Owl Rock CLO V after resetting the deal on Monday, -
French airline flies against flock on pandemic repayment plans
2 years ago
Air France is a standout improver on Thursday against a backdrop of broad deterioration in single name credit spreads -
Rockford Tower turns to CBOs in first deal of year
2 years ago
Rockford Tower Capital Management made the transition from regular-way CLOs into bond-heavy deals by pricing its debut transaction on Thursday -
Blackstone resets 2019 CLO at huge $736 million
2 years ago
Blackstone Credit has priced a $736 million reset of its 2019 CLO Beechwood Park -
Global CLO trading lab: Payments season prompts equity to surge but short-dated bonds trade low
2 years ago
Over the last two weeks, $2.8 billion of US CLOs and €640 million of European CLO paper have appeared on b-wics, with equity making up 33% and 40% of the respective markets
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