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Technical strength drives primary US CLOs spreads below historical norms
4 days ago
Triple As are now pricing on top of historical levels, and other investment-grade CLO tranches are already pricing much tighter than historical trends, thanks to the technical strength observed in the primary US BSL CLO market -
Aegon prices first European CLO
11 days ago
Monday saw a significant moment in the European primary market – the return of the North Westerly CLO platform to new deal issuance after three years, now under the auspices of Aegon Asset Management -
Nuveen resets short-dated CLO from 2023
23 days ago
Nuveen on Tuesday priced a reset of Symphony 30, a short-dated US BSL from last year -
Beach Point brings in tight price for third US CLO
28 days ago
Beach Point Capital Management returned to the CLO market on Wednesday with its third transaction since its debut in late 2021 -
New Oak Hill CLO signals seniors moving into the 160s
7 months ago
Bank of America and Oak Hill Advisors teamed up yesterday to price a new US CLO with senior spreads under 170bps -
SVB and the case of the missing CLO exposure
1 year ago
Silicon Valley Bank’s collapse has dealt credit markets another hammer-blow with the past 12-months bearing witness to more dips than a mezze platter. Whereas past misfortunes in credit have provided an opening for some observers to critique the ‘toxic’ structure that is a CLO, this time things are a little different. -
Global CLO league tables - February 2023 YTD
1 year ago
Global CLO league tables - February 2023 YTD -
Capital Four European CLO knocks 1bp off benchmark for 184bp triple As
1 year ago
Capital Four has shaved 16 basis points off its triple A spread since it originally marketed its European CLO, and prices 1bp inside two recent deals. -
Generate prints first new CLO for six months
1 year ago
Generate Advisors, the CLO management arm of Kennedy Lewis Investment Management, priced its first new CLO in six months on Friday -
Tikehau prints second new issue of the year
1 year ago
Tikehau Capital has priced its second new issue of the year, partnering with Goldman Sachs and Societe Generale on Tikehau VIII -
Redding Ridge prints static CLO with a number of unusual structural features
1 year ago
A portion of RR 24's triple A-rated loan tranche can convert to notes, but only up until 21 December -
European CLO primary re-awakens to tune of Adagio X
1 year ago
Axa Investment Managers priced a European CLO on Friday (a few days before anticipated), printing a €324.75 million static deal via Barclays -
Axa IM chooses static format for upcoming European CLO
1 year ago
Axa Investment Managers is marketing a static European CLO new issue named Adagio CLO X -
Beneath the triple C: US CLOs take a dip in the triple C as Europe watches from the sun lounger
1 year ago
The US CLO market bore the brunt of downgrades to triple C in July and August, with a total of $6.22 billion of paper affected. European CLOs enjoyed a more relaxing summer holiday, with only 1 name representing €33.88 million worth of bonds downgraded to triple C. -
US CLO triple As reach 225bp as CIFC prints sixth deal of the year
1 year ago
CIFC Asset Management printed its sixth US new issue of the year yesterday, pairing with Morgan Stanley on the $392.3 million transaction -
PGIM scores new CLO with five-year reinvestment period
1 year ago
PGIM priced a new $494.3 million CLO on Thursday via Citi named Dryden 104 CLO -
Alcentra prints European CLO with triple A coupon at 212bp
1 year ago
Alcentra’s Jubilee 2022-XXVI is the fifth European CLO to price in July, taking the month up to €1.89 billion. That is dwarfed by the 11 European CLOs that priced with a combined €4.78 billion in July 2021 -
Barings prints 1.5-year non-call CLO with mezz and junior notes not offered
1 year ago
Barings priced a new CLO on Friday while an affiliate held the bottom half of the capital stack from single A down -
Euro CLO triple As rise above 210bp as Anchorage prices with highest par sub
1 year ago
The deal also features the largest triple A par subordination -
CSAM prints US CLO with triple As paying 153bp
1 year ago
Credit Suisse Asset Management has priced a new CLO with senior triple A notes yielding 153 basis points over Sofr -
US CLO refis return with Angelo Gordon pricing first since February
2 years ago
Angelo Gordon refinanced its Northwoods Captital 22 CLO on Tuesday, completing the first successful CLO refi in two and a half months -
Fitch upgrades 48% of European CLO tranches placed 'under criteria observation'
2 years ago
Fitch Ratings has resolved the 1,246 European CLO notes it placed ‘Under Criteria Observation’ in September, after updating its CLO rating criteria -
CSAM releases market from grip of 113bp triple As with tightest US CLO print since June
2 years ago
CSAM has issued a US CLO with senior notes at 110bp, the tightest print since June, which also breaks a three-month run where triple As refused to drop below 113bp -
Over 1,000 Euro CLO tranches under observation with Fitch's new rating methodology
2 years ago
Fitch says it has placed 1,246 tranches rated B- to AA+ from 212 European CLO tranches under criteria observation, following an update to its CLO ratings methodology -
Cerberus prints lesser-spotted CLO reissue
2 years ago
Cerberus Loan Management priced a rare CLO reissue on Wednesday in just the fourth deal of this flavour of transaction to print in 2021
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