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MidOcean cuts WACC by 90bps in 2023 reset
1 month ago
MidOcean Credit last week reset its 2023 vintage MidOcean Credit CLO XII in a deal that brought funding costs in by almost 90bps -
European static CLO market continues to grow as Blackstone deal prices
5 months ago
Blackstone engaged Bank of America to arrange its newest static European CLO, which priced on Thursday valued at EUR 319.1m -
Brightwood returns to CLO market for first time this year
7 months ago
Brightwood Capital has priced a new middle market CLO, Brightwood Capital MM CLO 2023-1, arranged by GreensLedge with RBC as co-placement agent -
LCM shaves 27bp off 2022 CLO's funding costs following reset
8 months ago
LCM Asset Management reset its 2022 CLO named LCM 38 on Thursday, tightening the deal's original capital structure by 27.46 basis points -
Crescent prints first reinvesting CLO since November
1 year ago
Crescent Capital Group has priced its first reinvesting CLO of 2022 -
CQS partnership with Jefferies produces second US CLO
1 year ago
CQS Management has released details of its second US CLO since entering the market last year -
French airline flies against flock on pandemic repayment plans
2 years ago
Air France is a standout improver on Thursday against a backdrop of broad deterioration in single name credit spreads -
Cross Ocean targets up to $1 billion for European special situations fund
2 years ago
Cross Ocean Partners is seeking up to $1 billion for its latest European special situations fund -
Global CLO trading lab: quality and optionality shine as 2020 and 2019 mezz trades up
2 years ago
The primary and secondary CLO markets are moving in tandem with both markets drifting wider amid a wealth of supply -
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 -
Investcorp partially refis European CLO with four months reinvestment left
3 years ago
Investcorp has partially refinanced its 2014 European CLO, Harvest IX, which ends its reinvestment in August -
Beneath the triple C: resurfacing credits surpass divers as tide turns for CLOs
3 years ago
Upgrades above triple C overtook downgrades to that rating or below in February. Moody's or Standard & Poor's cut six corporate debt issuers to triple C or below in February, out of which just four can be found in CLO portfolios -
Blackstone cuts spreads on post-reinvestment mid market CLO
3 years ago
Blackstone Credit has refinanced four tranches of a 2019 middle market CLO just over four months after the deal left reinvestment -
It's all relative: CLOs march tighter as macro traders open positive CDS skews
3 years ago
Credit default swaps are back near where they started the year after giving up their early-February gains amid a rise in government bonds. CDS curves steepened over the past month and macro hedging has left indices trading with positive skews. But CLOs paint a calmer picture in which spreads have inched tighter -
Hayfin targets market tights with €403.8 million Euro CLO and fourth-time Goldman pairing
3 years ago
Goldman Sachs won the mandate to arrange Hayfin's first new issue Euro CLO of 2021, Hayfin Emerald CLO VI -
Bain completes fourth post-reinvestment CLO refi of 2021
3 years ago
Bain Capital has joined the growing trend of managers to refinance CLOs at the end of their reinvestment periods -
Stressed credits push tighter even as index bulls take profit
3 years ago
A cautious tone has returned to financial markets ahead of the US thanksgiving holiday, with the strong push tighter of credit spreads in recent sessions giving way to a widening move -
Voya adds to double A and single B CLO exposure in Q3
3 years ago
Voya Financial added to its total CLO investments in the third quarter, with a sharp increase in the volume of double A and single B notes on its books, according to the firm's earnings call presentation which was released today -
Global CLO b-wic round-up: CLO mezz tranches widen amid macro concerns
3 years ago
Last week was busy for the primary European CLO market but not for secondary, with €1.35 billion of new issue European CLOs priced across four transactions but just €190 million of European CLO paper listed in b-wics -
Barings and pension fund join forces to issue US CLO
3 years ago
A joint venture between Barings' business development company and South Carolina Retirement Systems, known as Jocassee Partners, has priced a $335.53 million CLO via Citi -
Beneath the triple C: April showers send buckets overboard
3 years ago
Downgrade waves rocked the CLO market in April as Moody's and Standard & Poor's downgraded 135 corporate borrowers to triple C or below, from ratings above that level. The downgrades put CLOs in rough waters as $41.6 billion of such loans are prevalent in US CLOs while €5.64 are moored in European CLO portfolios – affecting 5.92% of the US market and 4.37% of the European market -
Who’s got the moves US: oil and gas leads renaissance for US CLO managers
3 years ago
The US leveraged loan market has held steady over the last two weeks. After rising to just below 87 of par in mid-April, the S&P LSTA US Leveraged Loan index closed at 85.75 to start this week -
CDS takes brunt of coronavirus panic sell-off
4 years ago
European credit derivatives are among the hardest hit assets today amid a broad sell-off, as the fast spread of the coronavirus into Italy, Korea and Iran has brought a reappraisal of the impact it could have on financial markets -
Rockford Tower dashes out second CLO refi in three weeks
4 years ago
Rockford Tower Capital Management has priced its second CLO refinancing in three weeks as CLO managers rush to refinance their 2017 transactions -
Refis back in the money as Citi brings two 2017 vintage US CLOs
4 years ago
The CLO refinancing market has reawoken, with Citi yesterday pricing two refis of 2017 vintage deals for DoubleLine and Rockford Tower
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