Sona prices CLO number two
Sona Asset Management wrapped up a hectic week when it priced its second new European CLO this afternoon

New short-dated CLO brings triple-As down to 132bps
New York Life priced a rare short-dated new-issue US BSL CLO yesterday as its latest offering in its Flatiron series, in an upsized transaction 

European resets return as Carlyle reworks 2022 vintage deal
This week’s latest European CLO reset from Carlyle Group maintained the market’s trend so far this year for sub-150bps pricing levels

RR ABS issuance continues as AB prices new deal
ABPCI has become the latest manager to price a recurring revenue 2024 ABS deal, a securitization of loans to high growth tech companies which sits somewhere between CLOs and ABS

Canyon returns in a big way for second European CLO
Thirteen months after its European debut, Canyon Partners priced its upsized second European deal yesterday

Ares prices second half-billion dollar CLO of 2024
Ares Management on Tuesday priced Ares LXXI CLO, the second new issue deal of the year from Ares to top a half-billion dollars in size

Rockford Tower prints the first short-dated European CLO this year
Rockford Tower has reset Rockford Tower Europe CLO 2018-1 in the first short-dated European deal of 2024

Carlyle joins European rush with new CLO
Carlyle returned to the European CLO market for the first time in 18 months with Carlyle Euro CLO 2024-1

US CLO refis keep coming as static deal comes out with triple As at 110bps
Palmer Square refinanced a 2022 vintage static US CLO from late in the COVID era. In the process it printed the tightest spread seen in a US refi so far this year.

Sidley hires Paul Hastings' partner
Sidley Austin has added a new partner in the law firm's global finance practice, representing direct lenders, private credit funds and banks

New AIFMD directive imposes leverage limits for European direct lending
The Council of the European Union has rolled out new regulations that should streamline the origination process for direct lenders at the cost of strict limits of leverage for funds

Third time is the charm as Northwoods Capital 22 CLO gets reset
New York-based Angelo Gordon has reset and upsized its Northwoods Capital 22 CLO. The deal originally dates back to 2020, when it was initially sized at USD 294.8m, before being refinanced in 2022.

Goldman Sachs keeps up the pace with new Five Arrows CLO
Goldman Sachs has continued its prolific start to 2024, arranging its third deal of the year for Five Arrows, the USD 456.05m Ocean Trails CLO XV

Latest refi prices for 2020 Trinitas CLO
Trinitas Capital Management has followed Blackstone and Marathon in taking advantage of favourable market conditions to complete a partial reset of its 2020-vintage Trinitas CLO XII

CLO market round-up: holiday cheer hits as US senior spreads move in
The holiday period saw a brace of end-of-year US deals pricing, with a range of new issues, resets and a refi to lead the market into 2024, and senior spreads move firmly back in the 160s.

What CLO investors really need to know
From the drivers of CLO performance to cashflow modelling, these are the seven things every CLO equity investor needs to know. This article is an extract from Dealscribe and CLO Research’s guide What CLO Equity Investors Need To Know

llinois Municipal Retirement Fund pumps hundreds of million more into private credit
The Illinois Municipal Retirement Fund has approved another round of alternative investment commitments, this time totaling USD 544m, including USD 400m allocated to private credit 

Investcorp makes late break to join 2023 new US issuers
Investcorp Credit Management foreshadowed a new US CLO with guidance offered on Harvest US CLO 2023-1, a BSL deal arranged by Deutsche Bank

Blackstone prices BDC CLO
The past few days have seen a bevy of action in the middle market CLO space – alongside Barings’ double deal and the new Athena II CLO from Blue Owl, Blackstone priced its first offering in the private credit space, with an upsized USD 492.665m transaction.

Crescent brings in triple-A spreads 85bps with static refi
Crescent Capital Group has become the latest manager to exploit advantageous market conditions to undertake a USD 298.91m refinancing of its 2022-vintage Atlas Static Senior Loan Fund I

Goldman arranges new Tikehau US CLO
French asset manager Tikehau Capital last week priced its second new US CLO of the year in a half-billion-dollar transaction

Palmer Square keeps the deals flowing with twelfth CLO this year
Palmer Square has priced its seventh US transaction of 2023, a new US BSL CLO arranged by Wells Fargo and called Palmer Square CLO 2023-3

Blue Owl goes BSL for latest deal
Just a week after pricing its last middle-market CLO, Blue Owl returned to the primary market with another offering, Wise CLO 2023-2

Carlyle Group prices fifth new CLO of 2023
Carlyle Group has priced its fifth new CLO of 2023 on Friday, joining Blackstone’s half-billion-dollar Bayswater Park deal from the same day with its own new US issue worth USD 497.725m

Invesco prices fourth US CLO of 2023
In a busy pricing day for US CLOs, Wednesday’s largest deal saw Invesco price almost half a billion dollars’ worth in its latest offering, Invesco CLO 2023-4