Global b-wic round-up: focus shifts to the wings of the capital structure9 days ago
The secondary US CLO market looks to be rebounding after a slow end to the first quarter of 2019 with first-loss and first-pays drumming up attention
Loan trading round-up: CLO managers fall out of love with First Data12 days ago
An analysis of loan trading among CLO managers in February shows that First Data is falling down the pecking order with managers selling $182 million of the company's loans
CLO pipeline: managers seek to return as others arrive, after testing Q116 days ago
With the first quarter of 2019 now in the books, the CLO market looks to be continuing where it left off.
Euro CLO league tables: no arb, no refis, no debuts - but healthy new issuance19 days ago
New issues have dominated the European CLO market so far this year, representing 89.19% of total first quarter issuance
CLO pipeline: managers decide there's no point hanging about with quick-fire CLOs23 days ago
The CLO pipeline for the coming week shows signs of decent flow as managers ready themselves to offload deals.
Global CLO b-wic round-up: Europe and US an ocean apart as flows reverse23 days ago
Last week saw €102.35 million of European CLOs listed on the secondary market, only the second instance of 2019 with over €100 million of items put up for auction, but the US CLO b-wic market closed a strong month with a down week.
US CLO round-up: floodgates open in land of the giants26 days ago
The CLO market is starting to look like its old self again as deals came rushing in this week with eight new deals and one reissue and one reset pricing, totalling $3.77 billion.
Euro CLO round-up: a tale of two extremes26 days ago
It as the longest (dated) of CLOs, it was the shortest-dated of CLOs
Mid market CLO round-up: Cerberus steps up with unusual triple As26 days ago
Three middle market CLOs were brought to the market this week via Cerberus, Maranon and First Eagle
CLO pipeline: manager sets sail for primary market after three-year absence30 days ago
Even though at least five US CLOs hit the market last week, the CLO pipeline still looks strong, especially in the US new CLO space
Global CLO round-up: 15 months to one month - managers set their own pace1 month ago
Three new US CLOs priced this week courtesy of; Seix Advisors, via BNP Paribas; Kayne Anderson, via Goldman Sachs; and Steele Creek, via RBC. In Europe, Oaktree Capital Management paired with Barclays to price Arbour CLO VI.
CLO pipeline preview: Waterville fills the pipe as Par Four surfs high triple-C wave1 month ago
At least seven CLO managers chose last week to launch their first deals of the year, with the market still set to absorb a robust level of issuance in the pipeline
Global CLO b-wic round-up: fixed tranches make their way into European secondary1 month ago
Last week brought the first instance of fixed coupon tranches trading in the European CLO secondary market this year, according to CLO-i.
Euro CLO round-up: managers make equity work with innovative structures1 month ago
Equity arbitrage has been under pressure but managers are braving the market and getting creative with deals to make deal economics work
US CLO round-up: Golub orbits curve as managers double up1 month ago
A breakthrough regarding Japanese risk retention rules ended last week on a high note for CLOs as the Japan Financial Services Agency has announed that CLOs can sit outside the remits of its securitisation regulations
US CLO round-up: choose your own reinvestment period1 month ago
Reinvestment periods have played an important role so far this year, with 30.8% of the new issue market opting for terms shorter than four years
CLO pipeline preview: resets and refis set to make a comeback1 month ago
Despite a slow build up, the pipeline offers respite with many deals lined up to come to market
US CLO round-up: years fall off CLO market as it gets back to its old self2 months ago
The CLO market is starting to look rejuvenated, with the dense pipeline having this week offloaded seven new broadly syndicated deals and one middle market deal as Creditflux goes to press – totalling $3.7 billion of new paper.
Euro CLO round-up: Spire and CVC take roads less travelled2 months ago
The European CLO market was reinvigorated this week as the two deals which priced brought something fresh to the table.
Mid market CLO round-up: eyes (wide) open as mid-market CLOs re-awaken2 months ago
AB returned to the middle market CLO space this week after a year out to price ABPCI V. It is the second middle market CLO of the year after Fortress Investment Group refinanced Fortress Credit Opportunities VII.
Euro CLO round-up: five deals hit pipeline after BlueMountain keeps up momentum2 months ago
BlueMountain Fuji CLO Management ended its seven-month absence from the new issue European CLO market and also broke the market’s silence this week. The firm partnered with Deutsche Bank to price its fourth deal in Europe - BlueMountain Fuji Euro CLO IV.
US CLO round-up: Anchorage keeps primary open as debutants and newcomers fill pipeline2 months ago
Anchorage Capital shored up the CLO market this week against an untroubled horizon as the sole manager to price a new issue, while TCI Capital Management priced the first refinancing of the year as Creditflux went to press.
Euro CLO round-up: largest managers brave primary market amid regulatory squeeze2 months ago
Two seasoned European CLO managers stepped into the primary market to price new issue deals amid a period of uncertainty as the Securitisation Regulation put forth by the European Securities & Markets Association (Esma) beds in
US CLO round-up: it's a slow start, but at least we have a benchmark as 42 deals fill pipeline2 months ago
It’s safe to say 2019 is off to a slow start for the US CLO market. This past week, $1.4 billion has priced, bringing total issuance in January 2019 to $5.7 billion. That’s 70% below the January 2018 new issue volume of $20 billion.
US CLO round-up: Dry January ends early as spreads get hammered2 months ago
Is the 2019 vintage going to be a classic? It's certainly started off slow, but it could mature into something very special if loan volatility persists
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