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CLO market round-up: holiday cheer hits as US senior spreads move in
4 months ago
The holiday period saw a brace of end-of-year US deals pricing, with a range of new issues, resets and a refi to lead the market into 2024, and senior spreads move firmly back in the 160s. -
Double-dip refinancing hits US leveraged loan
7 months ago
Wheel Pros, a name still held by 219 CLOs with $414 million of total principal, announced details of a new refinancing deal last week featuring a controversial double-dip structure -
Aegon agrees to buy NIBC's CLO platform
1 year ago
Aegon Asset Management has agreed to buy NIBC’s North Westerly European CLO platform, which includes three deals alongside the NIBC CLO team -
Beneath the triple C: Stormy October hits CLOs with rising tide of downgrades
1 year ago
After a slight respite in the pace of downgrades over the summer for CLOs, October brought renewed momentum as macro-economic pressures - primarily high interest rate burdens for corporate borrowers and supply side inflation - became the recurring rationale -
Three control CLO equity positions hit market with another to follow
1 year ago
Three anchor US CLO equity positions were listed on the secondary market yesterday in what was a busy day for investors -
US CLO league tables: Citi closes in on BofA’s lead
1 year ago
Despite market slowdown, US CLOs continue to produce steady monthly volumes over the $10 billion mark. July brought an influx of $11.99 billion to the US market from 28 new issue deals -
Flurry of US CLOs print as Barclays boosts CLO issuance with Brigade and Bain deals
1 year ago
Barclays has brought over $906 million of issuance to the market, printing deals for Bain Capital Credit and Creditflux’s newly crowned US CLO manager of the year Brigade Capital Management -
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 -
Sound Point resets 2019 US CLO for three years
2 years ago
Sound Point Capital Management priced a short reset of its 2019 CLO named Sound Point XXV, renewing the deal's reinvestment period for three years -
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 -
Ares and Octagon bring weekly CLO reset volume over $2 billion in just two days
2 years ago
Ares Management and Octagon Credit Investors each reset a CLO on Tuesday, bringing weekly US CLO reset volume up to over $2 billion -
CSAM and KKR make structural changes to 2019 CLOs with refis
2 years ago
Managers priced more than $1.1 billion of CLO refinancings on Tuesday as Credit Suisse Asset Management and KKR turned legacy deals from 2019 into Sofr-based transactions -
Apollo launches $1 billion non-traded private credit BDC targeting individuals
2 years ago
Apollo has launched its first non-traded business development company, Apollo Debt Solutions BDC, with ‘more than $1 billion’ assets under management -
Managers make rare capital structure rejigs with 2020 CLO refis
2 years ago
Two CLO managers have refinanced 2020 CLOs while taking the rare step of altering the deals' capital structures -
Adler rally gains extra LEG as rest of market slips on oil
2 years ago
Few credits have escaped widening pressure in a dour start to the week, but Adler Group has extended its relief rally after agreeing to sell part of its property portfolio -
Eaton Vance and Partners reset CLOs worth $850.2 million
2 years ago
Eaton Vance and Partners Group each reset a legacy CLO on Friday, with the two transactions worth a combined $850.2 million -
Oaktree Euro CLO moves market tighter as Deutsche Bank joins forces with Standard Chartered
2 years ago
European CLO triple As have jumped tighter with Oaktree Capital Management resetting senior notes at 93 basis points, compared to the 96.2bp July average for European CLOs with similar reinvestment profiles -
Euro CLO league tables: out with the old, in with the new as Jefferies leads way
2 years ago
Despite being a newcomer to the European CLO market this year, Jefferies has taken the market by storm and leads the way in overall European CLO issuance -
Global CLO league tables - May 2021 YTD
2 years ago
Global CLO league tables - May 2021 YTD -
Euro CLO league tables: cramming a year's worth of work in two months
2 years ago
It is no surprise the European CLO market has been experiencing fatigue at times this year with the last two months of issuance alone almost equalling issuance figures for the whole of 2020: last year €22.78 billion worth of European CLOs priced, while in March and April 2021, managers brought €21.48 billion to market -
Global CLO league tables - April 2021 YTD
2 years ago
Global CLO league tables - April 2021 YTD -
Renewed energy boosts credit as relief rally resumes
3 years ago
Energy companies are performing well and credit indices have resumed their push tighter after a strong surge inwards Monday, outpacing moves in other parts of the financial market -
Global CLO b-wic round-up: equity trades break new records as investors look to redeploy cash
3 years ago
The CLO secondary market is experiencing heavy churn with €273.5 million of European CLO paper and $1.05 billion of US CLOs listed last week. Within that supply, a record trade for a 2.0 European CLO equty tranche was recorded -
Alcentra, BlackRock and CVC refi €1.5 billion of European CLO paper
3 years ago
Deutsche Bank arranged the transactions for BlackRock and CVC while Morgan Stanley arranged partial refinancings for three of Alcentra’s deals
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