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Fresh wave of CLO calls looms as US equity distributions drop
2 months ago
Equity distributions for US CLOs outside their reinvestment period continue to fall as prepayments cut into cashflows -
New Mountain prices unusual rated feeder fund
7 months ago
New Mountain Capital has priced a tranched rated feeder fund, New Mountain Guardian IV Rated Notes, arranged by Wells Fargo -
US CLO pipeline: Triple A dispersion coming to fore as Palmer Square aims to open market again
1 year ago
The US CLO market is set to reopen with five managers in various stages of marketing new issue CLOs, according to sources -
CLOs keep eyes glued to screen as Cineworld previews possible chapter 11
1 year ago
Cineworld, the UK-based cinema giant, has announced that a chapter 11 restructuring is among the options it is considering, in response to recent media speculation about a possible default -
Credit Suisse braves market turmoil to print CLOs for Nuveen and Onex
2 years ago
Credit Suisse has maintained its CLO issuance amid market turmoil by printing transactions for Onex Credit Management and Nuveen Asset Management -
Neuberger Berman steps into the unknown as it launches first CLO with full Sofr stack
2 years ago
Neuberger Berman is marketing its first CLO of 2022, which is thought to be the first new issue deal to launch referencing Sofr across the capital structure -
Jefferies brings two CLOs to market and takes US CLO arranging total past $20 billion
2 years ago
Jefferies has brought two CLOs to market to take its arranging total past $20 billion -
$1 billion CLOs refinanced as Carlyle, Carlson and Z Capital print deals
2 years ago
Over $1 billion CLO refinancings priced on Friday after three managers took to the primary market to refinance deals -
CLO pipeline: GoldenTree makes good home for single Bs in swarm of activity
2 years ago
Wider CLO spreads are not deterring US CLO managers or equity investors, as 14 new issues, 10 resets and seven refinancings enter the pipeline -
Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
2 years ago
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources -
Z Capital prints first post-covid CLO with elevated triple C bucket
2 years ago
Z Capital Credit teamed up with Amherst Pierpont on Friday to print the first new high-triple C CLO post-covid -
New faces revive old partnership as Z Capital launches triple C-flex CLO
2 years ago
A US CLO is set to market a revival for both manager and arranger with Amherst Pierpont and Z Capital Partners joining forces once again on a triple C-flex deal -
OC health check: CLOs pay $1.3 billion on senior tranches as payment dates come due
3 years ago
Senior debt holders received $1.3 billion of principal from CLOs that breached an overcollateralisation test in July, a month in which the majority of scheduled payment dates fell. Of those deals suffering an OC breach, 190 were due to make a payment to noteholders and 57% were within reinvestment. -
Global CLO b-wic round-up: CLO lower mezz spreads tighten back after volatile two weeks
3 years ago
Secondary CLO spreads in the US and European markets have recovered after moving wider over the last two weeks -
Global CLO league tables - May 2020 YTD
3 years ago
Global CLO league tables - May 2020 YTD -
Global CLO league tables - April 2020 YTD
3 years ago
Global CLO league tables - April 2020 YTD -
222 CLOs hold bankrupt telecom firm as its signal fades
4 years ago
CLOs hold $334.5 million debt of Australian telecommunications company SpeedCast International, which filed for Chapter 11 bankruptcy protection in the District of Texas on Friday -
Global CLO b-wic round-up: spreads tighten across the board as bond-flex CLOs trade well
4 years ago
Price levels have tightened and, more importantly, stabilised across the secondary CLO market over the last two weeks, but the Easter break led to a drop off in CLO b-wic supply -
Global CLO b-wic round-up: $8 billion of US CLOs listed in record-breaking March
4 years ago
Last week brought an end to the busiest month in both the US and European CLO secondary markets since at least 2014. $7.7 billion of US CLO paper was on sale in March with a further €1.8 billion of European CLO bonds available, bringing the total listed in Q1 to $13.9 billion and €3.6 billion -
Global CLO b-wic round-up: CLO triple As recover but mezz left behind
4 years ago
The CLO secondary market was a tale of two halves last week. 100% of all bonds listed in b-wics on Monday and Tuesday had no covers released (either traded or did not trade), but the end of the week was a different story for both markets -
Global CLO b-wic round-up: triple A volumes hit nine-year highs, but equity valuations could be "single digits"
4 years ago
Over $2.5 billion of US CLO paper listed in b-wics in last week's manic trading, with a further €435 million of European CLO bonds also on sale. CLO buyers and sellers turned to the safest part of the capital structure – the triple A rated notes – and away from its most illiquid asset class, with no equity bonds listed in either market -
US CLO league tables: $2 billion reissue fires Apollo and JP Morgan to top spots
4 years ago
Apollo Global Management and JP Morgan teamed up to price the largest CLO of the 2.0 era in February that helped propel both to the top of the US CLO and global CLO league tables -
Global CLO league tables - February 2020 YTD
4 years ago
Global CLO league tables - February 2020 YTD -
CLOs feel flat after housing $335 million of bankrupt RentPath
4 years ago
CLOs house $334.5 million of the debt of RentPath Holdings, which filed for Chapter 11 in the US Bankruptcy Court for the District of Delaware on Wednesday -
Anchorage markets CLO triple As at 195bp in novel high triple-C CLO
4 years ago
Anchorage is marketing a high triple-C CLO with a lower than average triple C bucket for such a deal, but with a market value test and par flush triggers.
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