Refine Search
Article Categories
Strategy Tags
- Direct lending (3)
- Emerging markets (3)
- High yield bonds (5)
- Investment grade credit (2)
- Structured credit (2)
- CLO (67)
- Distressed debt (5)
- Leveraged loans (1)
- Synthetic/SRT (4)
- ABL Financing (1)
Geography Tags
-
Palmer Square stays still for latest European deal
2 months ago
Static deals made a reappearance in the primary market yesterday, when Palmer Square Capital Management priced a new European CLO in conjunction with JPMorgan -
CIBC lights up market with new BSL CLO for West Coast manager
3 months ago
Irradiant Partners has become the latest manager to join the burgeoning raft of 2024 issuance with yesterday’s USD 400.73m Rad 23 CLO print -
LP round up: HPS wins $550m mandate as Ares launches third US direct lending fund
11 months ago
US institutional investors allocated nearly $3 billion to credit funds in April. The news comes amid a BlackRock survey in the month which showed significant investor interest in private credit -
Short-dated triple A CLOs price wider than long as Elmwood prints at 200bp
1 year ago
Elmwood Asset Management on Thursday priced a three-year reinvestment CLO named Elmwood CLO 18 with triple As yielding 200 basis points -
Franklin Templeton buys Alcentra in $700 million deal
1 year ago
Franklin Templeton has agreed to buy BNY Mellon’s $38 billion credit unit Alcentra, which will see Alcentra combined with Franklin Templeton’s US credit manager Benefit Street Partners -
Stalling growth engines leave market in deeper turmoil
1 year ago
Financial markets are starting the week in another heavy slump, with credit hitting new wides as various asset classes take a beating from economic growth fears and the prospect of a recession in Europe -
HY fund is exception to rule of CLOs
2 years ago
CLO funds have had back-to-back years of outperformance versus credit, proving the asset class is a great place to invest, rain or shine. But a Wasserstein HY fund was the star performer in 2021 -
Ukraine and Russia volatility steps up amid political trial and conflict fears
2 years ago
Ukrainian and Russian spreads are among the market's biggest movers at the start of the week, as developing tensions between the two countries ramp up another notch and former Ukrainian president Petro Poroshenko has arrived in Kyiv to face treason charges -
Bain and Columbia add $840 million to CLO reset supply
2 years ago
Bain Capital Credit and Columbia Management both reset a legacy CLO on Friday, adding $840 million to total supply -
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 -
Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
2 years ago
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources -
Global CLO pricing lab: investors get over fatigue and embrace reset roll over
2 years ago
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues -
High yield leads way as credit steals march on Biden boost
3 years ago
Credit indices have taken another turn for the tighter, even as stocks stay flat ahead of US president Joe Biden unveiling his infrastructure and economic recovery package -
Blackstone and Hayfin get Euro CLO new issues rolling as single Bs diverge
3 years ago
Blackstone paired with BNP Paribas for Carysfort Park, while Hayfin followed the yellow (or rather gold) brick road to pair with Goldman Sachs on Hayfin Emerald CLO VI -
Credit beats fast retreat as Biden boost dissolves in sea of troubles
3 years ago
The improvement of financial markets following the inauguration of Joe Biden as US president on Wednesday is looking short-lived as the week comes to an end, with CDS indices once again among the poorer performers -
Refis, resets and reissues back in vogue as four US CLO managers print deals
3 years ago
Various shades of CLO refinancings dominate the US CLO primary market with four deals - two refis, a reset and a reissue - printing on Wednesday for a total volume of $1.1 billion. This surpassed all US CLO refinancings in the six months from March to September last year -
Global CLO b-wic round-up: Secondary markets rally despite ‘worst liquidity seen all year’
3 years ago
An adjournment in the US for Veterans Day last week still left plenty of time for the CLO secondary market to rally, thanks to Pfizer's covid-19 vaccine breakthrough and a firmer indication of the US presidential election results -
CLO pipeline: deal flow slows ahead of US election
3 years ago
Only two forthcoming new issue US CLOs have been added to the pipeline this week as the election slowdown hits credit markets. This comes after eight new issue US CLOs and five European CLOs have priced over the last ten days during the pre-election rush -
CLO pipeline: fixed income giants plan debut 2.0s with Morgan Stanley
3 years ago
Two large fixed income managers are pre-marketing debut 2.0 CLOs -
CLO pipeline: three behemoths prepare for quick-turnaround new issues
3 years ago
CLO managers have printed at a frenetic pace since the start of the quarter with $3.36 billion of issuance across all CLO markets and pricing types -
CLO pipeline: primary tightening opens door for CLO managers to print new issues
3 years ago
The CLO primary market is hitting a fast pace as it enters the last quarter of 2020. Last week brought a surge of new issuance as 11 US, two European and one mid market CLO manager priced their latest transactions -
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 -
CLO pipeline: managers large, small and new ready to price in post-Labour Day surge
3 years ago
US managers are preparing a wave of new issue CLOs in the coming days, as the usual post-Labour Day pricing surge comes to fruition even in this most unusual of years -
CLO equity claws back earlier losses to return 7.63% in Q2
3 years ago
CLO equity returned 7.63% in the second quarter on the back of leveraged loans rallying, according to Flat Rock Global's CLO equity index. Market prices have partially regained losses from Q1, in which CLO equity plunged by 30.41% following the coronavirus outbreak and the implementation of lockdowns globally -
CLO pipeline: break's over - time to print deals
3 years ago
The CLO market has taken a slight pause after the independence holiday in the US last weekend, meaning the CLO pipeline includes a backlog
Want all the latest news, comment, analysis and data?