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Beneath the triple C: Life could be better, but it’s just a letter, under the CCC
1 year ago
Many market participants were eagerly looking forward to a break in December after a gruelling year, but the rating agencies were in no mood to oblige. -
Euro CLO league tables: Jefferies wins at a canter as fellow newcomer Palmer Square wins in new issues
1 year ago
A year of turmoil in the CLO market inevitably led to European CLO issuance dropping in 2022 from its record 2021 -
Euro CLO league tables: Final whistle beckons in close manager race as Jefferies looks to park the bus
1 year ago
Last month, just shy of €3 billion of European CLO paper was priced in the primary market, the most since March and Russia’s war with Ukraine -
Euro CLO league tables: Barings €20 million behind PGIM in overall issuance as Jefferies extends lead
1 year ago
The European CLO manager base reaches 41 as six new issues priced for a total of €1.9 billion -
Trinitas prints US market's third static CLO in row
1 year ago
Trinitas Capital Management priced a new static CLO on Thursday, the third consecutive new issue backed by broadly syndicated loans in the US to not have reinvestment capability -
Euro CLO league tables: elements combine to give Redding Ridge new issuance lead
1 year ago
Do you remember, the 16th night of September? What a time to be a European CLO manager... -
Euro CLO league tables: Goldman Sachs, Fidelity and Tikehau enter fray as Jefferies extends lead
1 year ago
Four European CLO managers braved the market in August to price a new issues, the same number as August 2021 -
Mid market CLO league tables: Natixis extends lead with two new issues but SocGen stays close
1 year ago
Of the three mid market CLO new issues that priced in August, market leader Natixis arranged two of them to put some breathing room between it and its nearest rivals -
Euro CLO league tables: gear shift brings flurry of new issues before summer break
1 year ago
After a slow June, the European market picked up its pace in July with managers eager to price deals before the summer lull -
Euro CLO league tables: Permira and Barclays Providus with sole new issue
1 year ago
Just one manager priced a European CLO priced in June, when Permira Credit and Barclays brought Providus VII to market -
Euro CLO league tables: short on deals but high on drama as new issuance race tightens up
1 year ago
For the second straight month, European CLO volume was below €2 billion, making it the first time there has been back-to-back months of less than €2 billion issued since November and December 2020 -
Euro CLO league tables: PGIM and Jefferies lead as Euribor caps come back in fashion
2 years ago
April was the quietest month of the year in the European CLO market with only €2 billion pricing across four new issues and one reset -
Euro CLO league tables: Jefferies takes huge lead as managers bunch up
2 years ago
The increased volatility and geopolitical risk brought about by Russia’s invasion of Ukraine meant European CLO issuance dropped off in March after a strong February -
Euro CLO league tables: primary issuance shuts down amid extreme market volatility
2 years ago
European CLO issuance initially picked up in February with €7.82bn in total pricings, compared to just €2.44bn in January, before extreme market volatility preceding Russia’s invasion of Ukraine halted the primary market. -
CLO sellers bide their time amid widening Ukraine crisis
2 years ago
Russia’s invasion of Ukraine has sent shockwaves across the world, and CLOs, despite limited exposure to either country, have felt its impact. Those signs are most visible in the secondary market -
Euro CLO league tables: Dry January means focus switches to refis and resets
2 years ago
It is healthy to take a break after what was a bumper 2021. And Europe's CLO market has taken that to heart by abstaining from new issues and instead reworking older CLOs -
European CLO market gets underway with two refis, one reset and bubbling pipeline
2 years ago
Managers priced two European CLO refis and one European CLO reset on Thursday as Barings, Blackstone and Carlyle all reworked deals -
What summer slowdown? Carlyle, Hayfin and Investcorp add €1.2 billion Euro CLO issuance
2 years ago
Europe’s CLO market has shown no sign of a summer slowdown in the first week of August as Hayfin and Investcorp rework 2020 deals and Carlyle refis -
KKR matches PGIM CLO triple A print despite extra year of reinvestment
3 years ago
PGIM and KKR have turned to the primary market to refinance legacy CLO transactions, each placing their triple A notes at Libor plus 95 basis points -
Redding Ridge goes big with $318 million upsize of 2017 CLO via reset
3 years ago
Redding Ridge Asset Management has reset its 2017 vintage CLO named RR 2, upsizing the deal by $317.7 million in the process -
Par-Four reaches beyond strategic partners with new CLO via JP Morgan
3 years ago
Par-Four Investment Management has teamed up with JP Morgan to print its latest CLO named Tralee VII -
Four managers print $1.5 billion CLO refis
3 years ago
Four CLO managers - CVC Credit Partners, CarVal Investors, Ellington Management Group and Neuberger Berman - each priced a CLO refinancing transaction on Friday -
CLO refi volumes reach $320 million this week as Fortress prices second deal
3 years ago
Fortress Credit Investors has priced a second CLO refinancing in the space of as many days, bringing the weekly refi volumes up to $318.72 million - the largest week for CLO refis by volume since February -
Beneath the triple C: downgrades hold steady as Travelport loses its luggage
3 years ago
For the second month in a row downgrades to triple C steadied, with just under $9 billion of CLO loans falling to this rating across 34 corporate borrowers -
Refi wave gets bigger as Apollo and Neuberger reprice CLOs
4 years ago
The US CLO refi wave continues unabated with Apollo Global Management and Neuberger Berman pricing the 27th and 28th refis to hit the market in 2020, according to market sources, pushing volumes to $12.5 billion in the process
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