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Four-year KKR US CLO nears pricing as BofA markets two deals
2 years ago
Bank of America is looking to build on the momentum that has taken it to the top of the US CLO new issue league tables with sources indicating the bank is working on deals for KKR and WhiteStar Asset Management -
CLO equity returns to flatten while Sofr transition gains fresh impetus: BofA
2 years ago
CLO equity returns are forecasted to be relatively low in the first half of the year, and as this plays out there could be greater incentive for equity investors to push for a switch in CLO benchmark to Sofr. -
Bain achieves strong triple A execution on second US CLO
2 years ago
Bain Capital Credit priced its second US CLO of the year on Friday, with strong triple A execution on the $606.2 million deal -
Elmwood becomes sixth manager to print two new US CLOs in 2022
2 years ago
Elmwood Asset Management priced its second new CLO of the year on Friday, bringing its 2022 new issue volumes over $1.1 billion -
Euro CLO cost of debt retraces to 2020 year-end levels as BofA revises reset forecasts
2 years ago
Blackstone Credit and CVC Credit printed the first new issues since the loan market wobble, while Bank of America has revised its refi/reset forecast down from €35 billion to €19 billion -
US CLO league tables: BofA takes a big leap ahead
2 years ago
It has been a slow start to the year for the US CLO market, which has so far welcomed $33.42 billion worth of issuance – the second lowest in the last five years. But Bank of America is taking big strides -
Global CLO league tables - February 2022 YTD
2 years ago
Global CLO league tables - Feb YTD -
Points up front: CLO buyers get everywhere
2 years ago
Last month Bank of America research noted how US banks had made huge strides in buying triple A-rated CLO paper last year -
Impact of Russia-Ukraine war on Euro CLOs will be indirect, finds BofA
2 years ago
European companies largely do not have much direct exposure to Russia or Ukraine, but pricing and inflationary pressures may impact companies -
Blackstone and MS Eaton Vance new CLOs achieve market-beating triple As
2 years ago
Blackstone Credit and Morgan Stanley Eaton Vance each priced a new CLO on Friday with triple A spreads around 132 basis points - among the tightest first-pay prints of recent weeks -
Bain and CSAM each reset a late 2019 CLO with senior triple As yielding 135bp
2 years ago
Bain Capital Credit and Credit Suisse Asset Management each reset a CLO from late 2019 on Friday, with both deals placing their senior triple A tranches at 135 basis points over Sofr -
Euro CLO triple As show signs of succumbing to macro volatility as €1 billion paper prints
2 years ago
Over €1 billion worth of European CLO paper priced on Wednesday with two new issues from KKR and Spire, alongside a reset from ICG -
Twosday: Neuberger Berman and PGIM price second deals of the year on palindrome date
2 years ago
Neuberger Berman and PGIM made quick returns to the primary US CLO market yesterday after 1.1 and 0.6 months away, respectively -
US banks' exposure to triple A-rated CLO paper climbs 84%
2 years ago
US banks held $170 billion of CLO paper at the end of 2021 – a massive increase of $72 billion from the end of 2020, according to Bank of America research -
CLO pipeline: deals come in two by two hurrah! hurrah!
2 years ago
It is raining CLOs in February and some issuers are preparing for the deluge by printing deals at the double -
HPS resets 2017 CLO bought from Bardin Hill
2 years ago
HPS Investment Partners has reset and upsized a 2017 CLO it acquired from Bardin Hill Investment Partners in 2021 -
Nuveen prints one of February's tightest new CLOs
2 years ago
Nuveen priced one of the year's tightest US CLOs on Friday, pairing with Bank of America on the new $506.5 million deal named Symphony XXXI -
HPS upsizes US CLO equity tranche and lowers deal leverage with reset
2 years ago
HPS Investment Management priced a $472.2 million CLO reset on Tuesday, upsizing the deal's equity tranche by $7.65 million in the process -
AIG, BlackRock, First Eagle and GoldenTree bring weekly CLO reset volume to $5.9 billion
2 years ago
Four managers capped off a huge week for US CLO reset activity by reworking 2019 deals, bringing weekly reset volume to $5.85 billion across 12 transactions -
CLO pipeline: US manager base poised to hit 119 and Europe 57
2 years ago
The CLO market is open to newcomers as both the US and European are set to welcome first time CLO issuers – BlueBay Asset Management in the US and Acer Tree Investment Management in Europe -
US CLO league tables: No static shock as Palmer Square conducts CLO traffic yet again
2 years ago
It was a slower start to the year for US CLO new issuance as managers printed $4.56 billion of new paper against an average new issue volume of $5.88 billion in January in the last five years. But then again, the CLO and loan industries have had to contend with the not-so-small issue of replacing their favourite floating rate benchmark -
Global CLO league tables - January 2022 YTD
2 years ago
Global CLO league tables - Jan YTD -
Europe/US relative value comes into play amid growing credit outflows
2 years ago
Big successive moves wider are taking credit spreads to new extremes and bringing compression between Europe and the US amid the highest daily market volatility since 2020 -
You wait a month for a new European CLO and two come along at once
2 years ago
Guggenheim Investments and Onex Credit kicked the European CLO new issue market into gear on Wednesday -
Allstate and Apex refinance late 2020 CLOs
2 years ago
Allstate Investment Management Company and Apex Credit Partners has each refinanced a late 2020 CLO
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