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Napier Park resets post-reinvestment CLO via Nomura
2 years ago
Napier Park Global has reset its 2016 CLO named Regatta Funding VII, five months after the deal left its original reinvestment period -
GoldenTree refis irregular 2012 CLO
2 years ago
GoldenTree Loan Management refinanced the double A notes of its irregular CLO named GoldenTree Credit Opps 2012-1 -
Not all resets created equal as some managers opt to keep triple C exposure high
2 years ago
A split is emerging in the CLO market, with some managers choosing to keep triple C concentrations elevated following a refinancing or reset transaction. As part of the trend, which began this month, some deals even refinanced while being in breach of portfolio concentration limits, typically set at 7.5% by rating agencies -
Aegon and ICG partner with Citi for US CLO resets
2 years ago
Aegon USA Investment Management and Intermediate Capital Group each teamed up with Citi on Thurdsday to print a CLO reset -
KKR, Oak Hill and Madison print combined $1.3 billion CLO resets
2 years ago
KKR Credit, Oak Hill Advisors and Madison Capital each priced a CLO reset on Wednesday, with the three deals amounting to $1.27 billion -
First Eagle and Neuberger Berman score sub-100bp triple A CLO refi spreads
2 years ago
First Eagle Investment Management and Neuberger Berman each priced CLO refis on Wednesday, with both managers placing their triple As at sub-100 basis point spreads -
Oaktree and Guggenheim price near identical European CLO resets
2 years ago
Oaktree and Guggenheim became the latest managers to reset European CLOs, adding a further €698.3 million to 2021 volume -
Fair Oaks saves nearly 100bp on 2020 reset as single Bs edge tighter
2 years ago
Fair Oaks has reset a 2020 European CLO with tight single Bs but triple As leaking wider -
European CLO triple As leak wider as BlueBay resets 2020 deal
2 years ago
European CLO triple As have leaked out further with BlueBay's reset printing at 87bp, as sources indicate anchor triple A investors are sitting on the sidelines -
Redding Ridge cuts triple C exposure with reset of debut CLO
2 years ago
Redding Ridge Asset Management reset its 2018 CLO RR 1 on Friday, cutting its Moody's Caa concentration from 8.9% to 3.03%, and its S&P CCC concentration from 10.1% to just 3.54% in the process -
Voya picks its spots with rework of triple As and triple Bs in unusual US CLO refi
2 years ago
Voya Investment Management has executed an unusual CLO refi transaction that cuts the spreads on just the triple A and triple B notes of a 2018 deal named Voya CLO 2018-4 -
European senior mezz hits tights as CVC resets CLO
2 years ago
CVC Credit has reset its 2017 European CLO CVC Cordatus Loan Fund VIII, with the deal highlighting tightening of spreads in upper mezzanine tranches -
Sound Point cuts US CLO funding costs by 13.38bp with refi
2 years ago
Sound Point Capital Management teamed up with Barclays on Thursday to print a $381 million refinancing of a 2018 CLO, Sound Point VII-R -
Ellington and MJX score refis of 2019 CLOs
2 years ago
Ellington Management Group and MJX Asset Management are the latest firms to print refinancings of 2019 CLOs -
BlackRock issues mid market CLO after refinancing warehouse line with Morgan Stanley
2 years ago
BlackRock has priced an unusual middle market CLO that refinances a warehouse line Morgan Stanley provided -
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 -
LCM and Vibrant print $772.5 million worth of CLO refis
2 years ago
LCM Asset Management and Vibrant Capital Partners have each refinanced legacy CLO tranches, adding another $772.5 million of refi supply -
Marble and Sound make their points with CLO resets
2 years ago
Two Point-based CLO managers, Marble Point and Sound Point, priced CLO resets on Friday, joining the burgoning list of managers taking advantage of tighter spreads to extend legacy deals -
Octagon joins ranks of post-covid CLO resetters
2 years ago
Octagon Credit Investors has joined the exclusive group of managers to reset a CLO priced post-covid. The firm teamed up with Citi to rework Octagon Investment Partners 47 -
Two managers rework 2019 CLOs
2 years ago
Aegon USA Investment Management and Cerberus Business Finance has each refinanced a 2019 CLO, with the two deals totalling $682.6 million of issuance -
Sticky European CLO triple As refuse to budge but mezz comes in as Redding Ridge resets
2 years ago
BNP Paribas arranged the €461.3 million transaction, which cuts the deal’s financing costs by around 38 basis points -
Wellfleet CLO reset employs unusual reinvestment duration
2 years ago
Wellfleet Credit Partners priced an unusual CLO reset on Wednesday that extends the reinvestment period of its 2019 deal, Wellfleet CLO X, by 10 months -
Napier Park slashes Euro CLO costs on post-covid deal reset
2 years ago
Napier Park has cut over 90 basis points off the cost of CLO financing on a post-covid deal, Henley CLO II -
Refi triple As widen as ICG prices partial European CLO refi
2 years ago
Intermediate Capital Group has refinanced the triple A notes on its 2014 European CLO, St Paul’s CLO X, with spreads wide of 2021 averages -
First Eagle's first mid market CLO from 2019 gets reset treatment
2 years ago
First Eagle Investment Management worked with Natixis on Monday to reset its inaugural middle market CLO from 2019 named Lake Shore MM CLO I
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