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Managers make rare capital structure rejigs with 2020 CLO refis
2 years ago
Two CLO managers have refinanced 2020 CLOs while taking the rare step of altering the deals' capital structures -
Barings joins group of 2020 CLO resetters
2 years ago
Barings has reset the first of the four CLOs it issued towards the tail end of 2020, teaming with Bank of America to rework Barings CLO 2020-I -
Barings becomes latest to include sustainable disclosure language in new Euro CLO
2 years ago
Barings has printed its second European CLO of the year, with deal the latest to include ESG-focused language relating to the Sustainable Finance Disclosure Regulation’s 'principle adverse impact' effects -
CLO pipeline: four US and two European managers prepare first 2021 CLOs
2 years ago
The CLO market is set to carry on roaring with the pipeline as full as ever despite the summer slowdown just around the corner -
Three top 20 US managers print CLOs
2 years ago
The pace of CLO issuance in the US continues unabated as three top 20 managers take to the primary market for two resets and a new issue -
CLO pipeline: Man GLG resurfaces from six-year absence as deals exiting call-lock fill pipeline
2 years ago
CLO spreads have leaked out in recent weeks but deal economics are still favourable, encouraging managers to come back to the primary market for the first time this year -
Barings completes first middle market CLO since 2019
2 years ago
Barings has issued its first CLO backed by middle market loans since October 2019 -
Global CLO trading lab: quality and optionality shine as 2020 and 2019 mezz trades up
2 years ago
The primary and secondary CLO markets are moving in tandem with both markets drifting wider amid a wealth of supply -
Post-covid CLO reset market heats up as Jocassee, PGIM and Oaktree price
2 years ago
The post-covid CLO reset spree is well underway as three managers - Jocassee Partners, PGIM and Oaktree Capital Capital Management - reworked deals that originally issued in April or May 2020 -
Market absorbs three CLO refinancings worth $1 billion
2 years ago
Apex Credit Partners, Barings and Voya Investment Management have each refinanced a CLO, with the three deals totalling $1.02 billion -
2012 and 2019 US CLOs get new lease of life as Barings and CVC hit reset
2 years ago
CVC Credit and Barings each tapped the CLO reset market on Friday, bringing total US reset volumes for April up to $4.15 billion -
Euro CLO triple Bs widen to 375bp as manager prices second new issue in four months
3 years ago
Euro new issue CLO triple Bs have widened since the start of the year, averaging 344bp in March, up from 320.3bp in February and 306.6bp in January, according to Creditflux data -
Global CLO b-wic round-up: record level of CLO paper stalls rally
3 years ago
Record levels of primary and secondary CLO supply has left investors spoilt for choice and led to the CLO rally stalling -
Barings' new US CLO joins group of tight 2021 prints
3 years ago
Barings has produced its first new CLO of 2020, teaming up with JP Morgan on the $359.2 million deal named Barings CLO 2021-I -
CLO pipeline: US adds deals at frenetic pace as Europe catches breath after record start
3 years ago
US CLO investors have numerous deals to consider with 13 new issues and 15 repricings being prepared to flood the market in the coming days -
Barings' CLO team partners with Citi for first CLO as partnership since 2016
3 years ago
Barings has teamed up with Citi to print a new CLO, marking the manager's first partnership with the largest CLO arranger for the first time in over four years -
OC health check: 41 CLOs heal their breaches
3 years ago
147 CLOs breached an over-collateralisation test in October, down from 183 in September. 41 CLOs that breached an OC test in September passed all OC tests in October, most of which had October payment dates -
Six European CLO managers switch to Ireland after Dutch tax hike
3 years ago
European CLO managers have been rapidly shifting their Netherlands-domiciled SPVs to Irish DAC vehicles, according to sources, including PGIM, Barings and Cairn -
European CLO managers switch legacy deals to originators ahead of Brexit deadline
3 years ago
A few European CLO managers are undertaking house keeping ahead of the end of the Brexit transition period in January, by switching the method by which their legacy CLOs comply with risk retention from sponsor to originator -
Barings promotes PM to lead European CLO unit
3 years ago
Barings has promoted two members of its European CLO management team, one of which becomes the new head of its European CLO management business -
Global CLO round-up: fresh start for five year deals as market reopens
3 years ago
The CLO market is still producing deals at a good pace, with $2.6 billion of global issuance last week. Four new issue deals priced in the US with Intermediate Capital Group and NYL Investors pricing their first transactions of the year while CVC Credit Partners made it two and Barings three in 2020 -
Barings prices second US CLO in a month
3 years ago
Barings has stepped up the pace of its US CLO issuance, pricing its second 2020 new issue yesterday less than one month after pricing its first -
Barings prints largest post-covid European CLO via Natixis
3 years ago
Barings priced the largest European post-covid CLO on Friday in a €452.8 million transaction named Barings Euro CLO 2020-1 -
CLO pipeline: managers prepare to end quarter with a bang
3 years ago
CLO issuance is showing no signs of slowing down as spreads continue to grind tighter and election day draws ever closer -
OC health check: August reports slow torrent of fresh breaches to a trickle
3 years ago
198 CLOs reported an over-collateralisation (OC) breach in August, only three of which were completely new breaches. This is a slowdown from July, when 230 deals suffered some kind of OC breach, according to the latest reports from CLO-i
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