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2023's mid market CLO volumes pass $13 billion as Ivy Hill prices
9 months ago
Ivy Hill Asset Management priced its second middle market CLO of the year on Wednesday named Ivy Hill Middle Market Credit Fund XXI -
Beneath the triple C: Life could be better, but it’s just a letter, under the CCC
1 year ago
Many market participants were eagerly looking forward to a break in December after a gruelling year, but the rating agencies were in no mood to oblige. -
Brighter start for credit in 2023 as investors return with bid for risk
1 year ago
Credit markets have opened the year on a positive footing, with Europe particularly buoyant as investors lift CDS hedges they placed at the end of 2022 and some bonds receive enthusiastic bids in the secondary market -
Bond tenders bring outperformance as credit fends off commodity woes
1 year ago
Credit markets are managing to stay remarkably robust this week despite high volatility in oil prices and covid deaths in China undermining hopes for its economy to reopen -
Mid market CLO league tables: HIG returns to CLOs while Natixis gallops further ahead
1 year ago
Three managers priced a mid market CLO in October as volumes crossed $1 billion for the third straight month -
Mid market CLO league tables: Golub gains ground on Blackstone with rare euro-tranche deal
1 year ago
Four managers - Blue Owl, Golub, Monroe and PennantPark - priced new issue mid market CLOs in September -
CSAM issues new $476.3 million CLO
1 year ago
Credit Suisse Asset Management priced a new CLO on Friday at $476.29 million -
Allspring hires head of US distribution
1 year ago
Allspring Global Investments has hired John Moninger as head of US distribution in a role encompassing retail and institutional sales, platform development, client service and consultant relations. -
Beneath the triple C: ebbs and flows leave triple C levels at a temporary stasis
1 year ago
Following a rising tide of downgrades in May the loan market stabilised somewhat in June, with seven issuers held by CLOs downgraded to triple C and a counter-swell of five names upgraded to single B. -
Convergence traders dine out as Europe widens in US absence
2 years ago
Traders betting on Europe / US credit convergence have much to be thankful for on Thursday, with the gap between investment grade CDS spreads having vanished and high yield noticeably reduced -
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 -
CLO equity fluctuates as resets trigger upsizes and downsizes
2 years ago
A once-rare move of CLO issuers upsizing or downsizing their equity tranches in resets is entering the mainstream -
Static CLO funding costs shrink to lowest since 2018 as Palmer Square issues
3 years ago
Palmer Square Capital Management issued a static CLO transaction on Tuesday, with funding costs of just 118.33 basis points over Libor -
US triple A spreads hit 160bp as GSO prices second post-covid CLO
3 years ago
Triple A spreads on new issue US CLOs have further tightened to 160 basis points -
GSO out the gate with first new issue CLO post-covid 19 crash
4 years ago
GSO Capital Partners today became the first manager to issue a CLO following the coronavirus-triggered financial crash -
Global CLO b-wic round-up: 71% of equity positions trade as supply picks up
4 years ago
The European and US secondary CLO market took a step back this week as the primary CLO generated $7.8 billion of deal flow globally -
GoldenTree sets CLO spread benchmark with 2019's first five-year deal
5 years ago
GoldenTree Loan Management is the first manager out the gate with a five-year CLO in 2019, GLM US CLO 4 -
Goldentree upsizes forthcoming CLO with deal set to be manager's largest ever
5 years ago
Goldentree Loan Management’s forthcoming CLO is due to be the managers largest ever, with the manager marketing a new upsized capital structure for GLM US CLO 4 worth $807.25 million -
PineBridge markets a $476.65 million CLO reissue
5 years ago
PineBridge Investments is marketing its sixth CLO transaction of the year, according to market sources -
US CLO round-up: volumes move in sync with 2017, but it could not be more different
5 years ago
$111 billion of CLO isssuance this year compared to $113 billion by this point last year. But new managers, spread movements and no risk retention make it seem like a completely different environment -
Third time's a charm as Apollo reworks 2012 CLO once again
5 years ago
Apollo Credit Management has cemented its status as the most frequent restructurer of its older vintage CLOs -
Apollo prices 2018's largest CLO refinancing
5 years ago
Yesterday saw 2018’s largest CLO refi transaction to date, as Apollo Credit Management issued a $726.13 million repricing of its 2015 deal, ALM XII -
Apollo set to return to CLO market with third reworking of 2012 deal
5 years ago
The manager has hired Goldman Sachs to arrange a $515.75 million reset of ALM VI, which was previously refinanced in June 2015 and July 2017 -
BlackRock hires two arrangers as it markets first new US CLO of 2018
6 years ago
BlackRock is preparing its first new issue CLO in the US market since June last year -
US CLO round-up: there’s no time like the present to price CLOs
6 years ago
Risk retention will soon dissapear from existence. But CLO managers aren't hanging around
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