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CLO pipeline: US market on track for June boom
2 years ago
CLO issuance is set to boom in the coming weeks with the pipeline ballooning as the market looks ahead to June -
Sculptor splits triple B debt structure in new US CLO
2 years ago
Sculptor Capital Management priced its second new issue US CLO of the year on Monday with an unusual split triple B debt structure -
Fair Oaks, PineBridge and Sculptor rework €1 billion in Euro CLO resets
3 years ago
Fair Oaks Capital, PineBridge Investments and Sculptor Capital Management all took to the European CLO reset market on Wednesday, in transactions that amounted to over €1 billion -
CLO pipeline: Deutsche Bank and Carlson hit comeback trail
3 years ago
The CLO market is preparing to be very active in the coming weeks, as the issuance slow-down is set to be in the rear view mirror -
Brigade, GoldenTree and Sculptor reset $1.5 billion of CLOs
3 years ago
Brigade Capital Management, GoldenTree Loan Management and Sculptor Capital Management took to the CLO primary market on Friday to price a combined $1.53 billion in CLO resets -
Refis price on top of new issues as four managers print US CLOs
3 years ago
Four US CLO refinancings priced yesterday, giving the impression that CLO pricing is fitful and the term curve flat -
European CLO mezz drifts wider as Sculptor and GLG reset and refi
3 years ago
Sculptor has reset its inaugural European CLO, Sculptor European CLO I, via Bank of America -
Differences surface between two US CLO refis, despite similar tenors
3 years ago
CLOs from 2013 and 2017 with similar tenors priced senior note refinancings 10bp apart on Thursday, highlighting that longevity matter -
Sculptor prints first regular-way US CLO in 1.5 years
3 years ago
Sculptor Capital Management made a grand return to the CLO primary market on Thursday with its first regular-way new issue deal for 1.5 years -
Sculptor readies first new US CLO since 2019
3 years ago
Sculptor Capital Management is preparing a comeback US CLO via Bank of America -
CLO pipeline: 2020 absentees join new issue rush
3 years ago
The CLO pipeline is growing by the minute as managers prepare their first new issues of the year after varying lengths out of the market -
Sculptor promotes managing director to co-head US CLOs
3 years ago
Sculptor Capital Management has promoted a veteran CLO expert to co-head its team in New York -
Sculptor CLO refi ends US primary pause with first deal post-election
3 years ago
Sculptor Capital Management on Wednesday priced the first transaction in the US CLO primary market following the US election, bringing to an end the lengthy 16-day pause in dealflow -
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 -
US CLO round-up: 23 managers wait in the wings after avoiding pre-election rush
3 years ago
CLO managers rushed to the primary market last week as they sought to lock in financing before the US presidential elections. This resulted in one of the busiest weeks in the primary market with 10 new issues -
Sculptor returns to European CLO market after 14-month absence
3 years ago
Sculptor has priced its first European CLO of the year via Barclays. The deal brings CLO issuance in October so far to a strong €2.4 billion and year-to-date issuance to just over €17 billion -
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 -
Investors sell downgraded CLO tranches as single Bs widen sharply
3 years ago
Four CLO tranches downgraded during the third quarter are featured on a b-wic today that concludes 11am New York time, offering investors a chance to cash in on the recent spike in junior CLO spreads -
CLOs hold €250 million of defaulted French events organiser Comexposium
3 years ago
CLOs hold €246.1 million of French events organiser Comexposium, which entered safeguard protection in the Commercial Court of Nanterre on Wednesday -
Two managers team up with Goldman to refinance 2017 CLO tranches
3 years ago
Two CLO managers - Sound Point Capital Management and Sculptor Capital Management - yesterday teamed up with Goldman Sachs to refinance fixed-note CLO tranches from 2017 vintage CLOs. Both managers' fixed coupon fell by 137 basis points in the process -
Global CLO b-wic round-up: secondary CLOs rally but dispersion persists
3 years ago
The US CLO secondary market rallied, and spreads compressed last week, but there are still several outliers -
OC health check: second European 2.0 CLO reports junior OC breach
3 years ago
33 deals reported overcollateralisation (OC) breaches last week in a relatively quiet reporting period. 314 deals are now reporting OC breaches as of the latest report, according to CLO-i. -
Rapid CLO M&A activity on the horizon as fee deferrals pick up
3 years ago
A flurry of M&A deals could soon sweep the CLO market as management fee deferrals become an increasing pressure point for small CLO managers -
$350 million of CLO collateral drips into default as oil companies file for Chapter 11
3 years ago
CLOs hold $353 million worth of debt of two oil and gas companies - Ultra Petroleum and Gavilan Resources - which have become the latest casulties of the precipituous decline in oil prices. The pair filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas on Thursday and Saturday, respectively -
S&P adds to CLO negative watch list as loan downgrades pick up
4 years ago
Standard & Poor’s has added to the list of tranches in CLOs it has on negative watch as coronavirus concerns mount. This follows the rating agency last week highlighting 22 tranches across 15 US CLOs for having big exposure to downgraded corporate borrowers across impacted industry sectors
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