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CIFC reworks 2017 BSL CLO
18 days ago
CIFC became the latest manager to rework a 2017-vintage US BSL deal on Tuesday, pricing a reset of CIFC Funding 2017-III -
GoldenTree and Nuveen reset CLOs with senior notes yielding 170bp
8 months ago
GoldenTree Loan Management and Nuveen Asset Management each reset a July 2022-vintage CLO on Friday with both deals placing their first-pay debt tranches at Sofr plus 170 basis points -
CLO round-up: secondary market rallies amid increased primary supply
9 months ago
CLO primary activity increased across the board this week, with US new issue supply amounting to $1.8 billion - up 48.7% on the week prior - while in Europe supply increased 208.8% to €1.2 billion -
Defiant CSAM prices benchmark-setting US CLO after Nomura's rapid deal execution
1 year ago
Credit Suisse Asset Management has demonstrated that no matter the troubles of its parent bank, CSAM remains a force as a CLO issuer. -
US CLO league tables: Blackstone gets back to business as it rises to the top
2 years ago
Blackstone is no longer the largest CLO manager globally (it lost that title in March). But it is the most prolific issuer in 2022 -
US CLO league tables: BofA marches on as Elmwood climbs to top in new issues
2 years ago
Last month, for the first time since June 2020, no resets or refinancings priced in the US CLO market as market volatility took repricings out of the money. This meant a month-on-month decline of $13.4 billion in overall issuance, but new issuance was still healthy with $11.6 billion pricing in March -
GoldenTree adds single B tranche to new CLO for first time since February
2 years ago
GoldenTree Loan Management priced a new CLO on Thursday, becoming the first manager to include a single B-rated liability tranche since before the Ukraine invasion -
Ares prints tight new CLO at $607.5 million
2 years ago
Ares Management on Thursday priced the largest US CLO of the month so far, teaming up with Goldman Sachs to issue Ares LXII at $607.5 million -
Nuveen and Sixth Street turn CLO reset attention to older deals
2 years ago
Nuveen and Sixth Street both reset an older vintage CLO on Friday, with the two managers reworking $850 million worth of legacy transactions -
Fitch places 102 US CLO tranches under 'observation' following methodology changes
2 years ago
Fitch Ratings says it has placed 102 tranches issued by 43 US CLOs and 13 tranches by seven Trups CDOs under criteria observation, following the update to its CLO and corporate CDO rating criteria earlier this month -
Carlyle passes $4 billion in yearly issuance with record eighth new US CLO
2 years ago
Carlyle Group's 2021 CLO issuance has reached $4.3 billion after the firm priced a record eighth new US CLO of the year on Tuesday -
CLO pipeline: Carlyle unstoppable as PGIM looks to tighten double As
2 years ago
The CLO machine is refusing to slowdown, churning out deals as the US market is set to welcome a flurry of deals in the coming weeks – with 18 new issues, 14 resets and 10 refinancings in the marketing stage. -
Weekly refi volume passes $5 billion as five CLOs price
3 years ago
Another $2.06 billion of CLO refinancings priced in the US on Friday, bringing the weekly total to over $5 billion -
US CLO league tables: deja vu as static CLO gets primary market moving
3 years ago
It's deja vu all over again with a static CLO opening the primary market for the third consecutive year -
Global CLO league tables - January 2021
3 years ago
Global CLO league tables - January 2021 YTD -
Bain refinances CLO six months post-reinvestment
3 years ago
Bain Capital has refinanced three tranches of a CLO that left its reinvestment period in August -
PGIM completes first multi-tranche floating-rate CLO refi since February
3 years ago
PGIM has hastened the return of pre-covid-style CLO refinancings by cutting the funding costs on multiple floating-rate debt tranches of its 2014-vintage CLO named Dryden 36 Senior Loan Fund -
Fracking servicer FTS files for chapter 11 protection
3 years ago
Fracking servicer FTS International filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas Houston yesterday. The credit is not widely featured in CLOs with only nine managers holding $47.9 million of FTI’s term loans -
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. -
Triple A investors lock in spreads for extra three months as Marble Point prices CLO
3 years ago
Marble Point Capital Management has a make-whole provision applied on its first new issue US CLO since February -
Beneath the triple C: CLOs get their sneakers on as retailers run into bankruptcy
3 years ago
July added further relief to CLO portfolios with the slowest rate of downgrades to triple C since March. US CLO portfolios faced downgrades of $2.18 billion to triple C while European portfolios faced just €59.13 million of such downgrades -
US CLO single Bs reach post-crisis tights despite rating pressure
3 years ago
US CLO single Bs are trading at their tightest levels since the coronavirus pandemic outbreak and ,while these bonds make up a tiny slice of the market, more and more instances of single B b-wics are ocurring -
US CLO league tables: light at the end of the tunnel as primary revives
3 years ago
May brought a rise in US CLO primary market activity with a combined $5.55 billion in new issuance for the month -
US CLO league tables: coronavirus brings changes in approach and new top manager
3 years ago
Amid a big slump in CLO primary issuance, new deals have taken focus and there are some notable changes at the top of the league tables -
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
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