Creditflux

CLO pipeline: deal flow picks up as Amherst and SocGen work on mandates
This week’s CLO pipeline looks very healthy in the US broadly syndicated loans CLO market with Amherst Pierpont and Societe Generale among the firms working on mandates

BlackRock becomes fifth European CLO manager to refinance
BlackRock today became the latest European CLO manager to join the budding refinancing wave, having teamed up with Morgan Stanley to reprice the debt liabilities of BlackRock European CLO II

Voya scores tightest refi print for a reinvesting CLO
Voya Alternative Asset Management yesterday took the unusual step of refinancing a single tranche of one of its CLOs

Octagon eyes $2 billion new issue volumes as it markets fourth CLO of 2019
Octagon Credit Investors is looking to become the first manager to price four new issue CLOs in the US this year

Euro CLO round-up: benchmark ruffles up, but junior tranches sit tight
CLO triple A benchmark levels underwent a shake-up last week as Credit Suisse Asset Management and HPS Investment Partners brought deals to the market with first-pay tranches printing above the recent benchmark of 108.5 basis points

HPS prints triple As at 111bp in latest European new issue CLO
HPS Investment Management has priced a new CLO in Europe named Aqueduct EUR CLO 4, with triple As printing at 111 basis points over Euribor

Wellfleet reworks its debut CLO for a third time in $325 million reset
Wellfleet Credit Partners has teamed up with Morgan Stanley to rework its inaugural 2015 vintage CLO for a third time, according to market sources

114bp is syndicated benchmark for triple As in Europe as Och-Ziff prices CLO
Och-Ziff Loan Management priced a new issue euro CLO yesterday, according to market sources

US CLO league tables: Octagon and Citi lead the way
April was the busiest month yet in the US CLO market this year with $16.42 billion in transactions, beating February by around $500 million. 

Och-Ziff partners with Morgan Stanley for first time in Europe on upcoming CLO
Och Ziff Loan Management is marketing a new issue European CLO named OZLME VI

Brigade cuts 2016 CLO funding costs by 33.8bp following refi
Brigade Capital Management refinanced its 2016 CLO named Battalion CLO X yesterday, slashing 33.83 basis points off its funding costs

US CLO league tables: heavyweights dust off and jump back in the ring
Competition has prevailed after a tough quarter for the CLO market, in which banks offloaded their carry-ons from last year

Back so soon: Oaktree markets follow-up US CLO
US CLO managers are moving their issuance forward at a rapid rate, with sources indicating that Oaktree Capital Management is working with Morgan Stanley on a new issue less than a week after pricing its first US deal of the year

Och-Ziff prices first new US CLO in 12 months
Och Ziff has returned to the US CLO market with its $505.4 million OZLM XXIII via Morgan StanleyHot market welcomes back old hands

LCM prices second consecutive CLO transaction with Morgan Stanley
LCM Asset Management and Morgan Stanley have teamed up for a second consecutive CLO transaction this year

KKR prices Europe's most leveraged new issue 2.0 CLO
Leverage has steadily risen in the European CLO market – but today KKR Credit priced the most levered new issue deal on record

Maranon prices new issue CLO with six triple A rated tranches
Maranon Capital has returned to the CLO primary market after 11 months, pricing a new issue named Maranon Loan Funding 2019-1

KKR markets new European CLO with triple As subject
KKR Credit is looking to issue its first European CLO September

LCM partially refinances 2015 CLO with triple As at 124bp
LCM Asset Management has teamed up with Morgan Stanley to partially refinance the senior debt of its 2015 CLO LCM XIX

US CLO league tables: new issues drive volumes as Morgan Stanley and Citi occupy top two spots
Two months into 2019 and the US CLO market looks very different to previous years, as the balance of deal origination has changed

Oak Hill prices $603.5 million CLO with senior triple As printing at 132bp
The New York-based manager has teamed up with Morgan Stanley to launch its first US new issue CLO of 2019

CLO refi spreads shift wider as Apollo reworks 2016 deal
The US CLO refinancing market has moved drastically wider over this month, suggesting that the CLO term curve is flattening out

King Street returns to US CLO primary market after six month pause
The CLO management arm of King Street Capital Management, Rockford Tower Capital Management has priced its first US CLO in six months named Rockford Tower CLO 2019-1

Brigade markets $508 million new issue CLO via Morgan Stanley
Brigade Capital Management is marketing a new issue CLO via Morgan Stanley, according to market sources

CIFC casts wide net as it prices upsized US CLO
CIFC Asset Management went down the widely-syndicated route after pricing CIFC Funding 2019-I