CLOs at a glance (June 2022)
A listing of CLOs that have priced in the last month
 
   

Antares hires bank's US CLO structuring head
Antares Capital has hired an experienced figure to structure its own CLOs and work on other financings. This follows Redding Ridge making a similar hire this month

Weekly new CLO volume hits $2.3 billion with Trinitas US deal
Trinitas Capital Management, the CLO manager arm of Whitestar Asset Management, has become the sixth manager to price a new US CLO this week, bringing weekly supply to $2.3 billion

CSAM prints US CLO with triple As paying 153bp
Credit Suisse Asset Management has priced a new CLO with senior triple A notes yielding 153 basis points over Sofr

Triple A CLOs set to blow out to 183bp as Ares markets print and sprint
CLO triple A spreads could be set to blow out substantially in the coming days with Ares Management marketing a new issue with triple As understood to be subject at 183 basis points

Orix returns to CLO primary with rare four-year reinvestment structure
Orix Advisers has returned to the CLO primary market with its first new issue in six months

Generate adopts unusual non-call structure for new CLO as triple As hit 160bp
Generate Advisors has priced a new CLO with an unusual non-call structure

Let's play the Great CLO B-wic Price Drop
When CLO liquidity is weak, sometimes you have to take matters into your own hands. That's what happened last week as part of a novel auction set up by a CLO investor

BlackRock CLO establishes 150bp new US triple A benchmark
BlackRock has priced a new CLO named Magnetite XXXIII, placing the deal's triple A notes at 150 basis points over Sofr

US CLO manager moves into Europe with Jefferies picking up arranger mandate
A US CLO manager is plotting to expand across to Europe, adding to the region's growing CLO manager base. The firm will assign its US CLO portfolio managers with global duties, while a partner in London becomes a regional PM 

Sculptor prints first new US CLO of 2022
Sculptor has issued its first new CLO of 2022, teaming up with JP Morgan to print the transaction

Experienced US CLO banker leaves Citi ahead of Redding Ridge move
Redding Ridge Asset Management is adding more CLO banking experience to its team with a big hire from Citi 

Octagon prices its largest CLO with high-rated mezz
Octagon Credit Investors on Friday priced its largest ever CLO, and the largest broadly syndicated loan-backed CLO in the market this year

Problem in checkout area as CLO favourite Diebold Nixdorf slips to triple C
Diebold Nixdorf, an Ohio-headquartered technology firm with $538 million in debt held by CLOs globally, was downgraded to triple-C by rating agency Moody’s on Friday

ICG breaks CLO market silence with first US deal of 2022
Intermediate Capital Group looks to have been the manager to restart new CLO issuance after this week's brief primary market pause, bringing its first US deal of the year

SMBC brings in experienced CLO trader after departure
SMBC Nikko has filled a gap on its CLO trading desk 

Flurry of US CLOs print as Barclays boosts CLO issuance with Brigade and Bain deals
Barclays has brought over $906 million of issuance to the market, printing deals for Bain Capital Credit and Creditflux’s newly crowned US CLO manager of the year Brigade Capital Management

US CLO new issuance nears $50 billion in 2022 as Allstate, ArrowMark and Palmer Square price
Allstate, ArrowMark and Palmer Square took to the US CLO new issue market on Thursday following a quiet week of issuance, adding $1.3 billion to the market and bringing CLO issuance year-to-date just shy of $50 billion

Barrow Hanley holds final close on captive CLO equity fund
Barrow Hanley Global Investors has held a second and final close of its CLO equity fund at $120.5 million

Loan dip brings longest CLO primary pause since January
CLO primary business has been put on pause as the market grapples with a selloff in loans, meaning no new transactions have been issued so far this week 

KKR readies three-year CLO as loans start to tighten
KKR is readying a new CLO with three years of reinvestment capability

US CLO spreads widen with Five Arrows new issue
CLO spreads are extending their widening trend, as Five Arrows Mangers priced its latest new issue with funding costs of 220.26 basis points

Envision exchange leaves some lenders sick, but CSAM finds prevention is better than cure
Envision Healthcare’s distressed debt exchange has rocked the CLO market, with over $1.68 billion of the firm’s loans held by US CLOs. But some of the largest managers have avoided the name completely 

CLO specialist joins Barrow Hanley in first full-time PM job
Barrow Hanley Global Investors is gearing up for its first US CLO by adding a portfolio manager to its team in Texas

Defaults should keep low despite looming recession, says TwentyFour
Corporate default rates should remain low even as the chance of a recession looms larger, according to a new report from TwentyFour Asset Management