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US CLO managers are unwinding risk retention funds, conference hears
5 years ago
While a limited number of US CLO managers have already begun to offload vertically held risk retention, panellists at IMN’s Global ABS conference in Barcelona heard that others have begun winding up funds that hold horizontal retention in their CLOs -
US CLOs eligible for European investors could drop by 80% this year, says Citi
6 years ago
The supply of US CLOs eligible to European investors is likely to drop to just $9-12 billion if risk retention is repealed, down from approximately $48 billion last year, according to research from Citi -
Citi upsizes 2016 CLO by 64% as part of reset
6 years ago
A CLO originally designed as a short-duration deal has been repackaged into a regular way deal. As part of the transformation, Citi has upsized the CLO by 64% -
Halcyon opts for five years of reinvestment with first CLO in 19 months
7 years ago
Halcyon Loan Advisors has priced its first US CLO since September 2015, according to market sources -
Spreads plummet as CSAM prices $612 million US CLO
7 years ago
Credit Suisse Asset Management has secured the tightest US CLO print of the year after pricing the triple-A notes in its latest deal at 118 basis points over Libor -
Littlejohn affiliate prices first CLO of the year after $50 million upsize
7 years ago
Wellfleet Credit Partners has priced its first CLO of the year, according to market sources -
Greenwich-based manager gets to work on $400 million CLO
7 years ago
A Greenwich-based credit manager is working on its first CLO of the year, and fourth overall, according to market sources -
Shenkman prices first primary deal since 2015 with CLO refi
7 years ago
Shenkman Capital Management has priced its first deal in the CLO primary market since June 2015, completing a $406 million refinancing earlier today -
Bain prices 2017's first CLO reset in $684 million deal
7 years ago
Bain Capital Credit has priced the first US CLO reset of 2017, according to market sources -
CLO triple-As hit 132bp as Citi prices $611 million deal
7 years ago
CLO spreads tightened further today, as Citi secured a 132bp senior print for a new issue deal. Further down the structure, the double-B tranche priced at the tightest level seen since June 2015 -
Bish, bash, bosh: GSO aims to beat risk retention deadline with new CLO
7 years ago
GSO Capital Partners has just priced a new US CLO and the manager is looking to close the deal on 20 December - four days before risk retention goes live in the US -
Oak Hill makes up for lost time with over $3 billion in 2016 CLO issuance
7 years ago
The manager has priced two new US CLOs, three resets, and one European deal in the last six weeks, for a total of $3.2 billion in issuance. -
Chicago-based manager hires Citi to arrange second mid-market CLO
7 years ago
A middle-market manager is launching its second CLO with sources suggesting the transaction could be risk retention-compliant -
Halcyon secures 103bp print with first euro CLO in two years
7 years ago
Halcyon Loan Management has priced its first European CLO since 2014, according to market sources -
3iDM prepares to give new life to debut US CLO
7 years ago
3i Debt Management is preparing a reset of its US CLO, Jamestown CLO I. -
Tetragon picks new manager for latest risk retention-compliant CLO
7 years ago
Tetragon Financial Group’s risk retention fund is preparing its third CLO, to be managed by Columbia Management -
European CLO triple-A spreads dip below 100bp as BlackRock prices
7 years ago
BlackRock has priced its second European CLO and in the process it has achieved a market-leading triple-A print of 98 basis points over three-month Euribor -
NewStar prices largest mid-market CLO since July 2015
7 years ago
NewStar Financial has produced the largest middle-market CLO for nearly 15 months after pricing a $505.5 million dual risk-retention compliant deal yesterday -
Elusive equity investors thwart Octagon's plans to rejig 2013 CLO
7 years ago
Octagon Credit Investors has cancelled its planned reset of a 2013 CLO, according to an investor notice -
NewStar to retain vertical strip in forthcoming middle-market CLO
7 years ago
NewStar Financial is gearing up to price its second middle market CLO of the year, according to market sources. The manager will retain a 5% vertical strip in the deal via an originator vehicle -
GSO hits $2.5 billion in 2016 issuance with new European CLO
7 years ago
GSO Capital Partners surpassed $2.5 billion in global CLO issuance on Friday as it priced a €415 million European CLO via Citi -
Wellfleet prices third risk retention-compliant CLO in 13 months
7 years ago
Risk retention is proving to be a doddle for this new CLO manager, which has now priced three CLOs in just over a year -
Octagon signs up bank to reset and Volckerise 2013 CLO
7 years ago
Octagon Investment Group is preparing to become the latest manager to “reset” a CLO, according to an investor notice -
Voya shaves 6bp off funding costs with reset of 2012 CLO
7 years ago
Voya Alternative Asset Management has priced a reset of its 2012 CLO, Voya 2012-4 -
Chenavari prices first European CLO since 2014 in €363 million deal
7 years ago
Chenavari Credit Partners has priced its first European CLO for over two years, after completing a €363 million deal with Citi on Friday
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