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Large CLO investor sells three post-reinvestment anchor equity positions
1 year ago
Three control equity positions were on sale on Thursday at 9am EST (2pm GMT) in the same list. The bwic listing was made up of three 2017 US CLOs, all of which are post-reinvestment and have not been reset in the years since -
Trinitas resets 2019 CLO in line with recent new issues
2 years ago
Trinitas Capital Management on Tuesday reset its 2019 CLO, Trinitas X via BNP Paribas, according to market sources -
Aegon scores tight print with first new issue US CLO of 2022
2 years ago
Aegon USA Investment Management made a return to the new issue US CLO market on Wednesday, according to sources -
Financial-corporate compression in play as relief rally extends
2 years ago
Credit markets are experiencing a second day of improvement, with financials outperforming corporate borrowers in the investment grade arena -
Dispersion returns at wide end as credit deterioration extends
2 years ago
Credit spreads are back to their widest since mid-October - and approaching the year's extremes - amid a second straight session of sharp deterioration -
Trimaran refis CLO in largest AMR auction to date
2 years ago
Trimaran Advisors has refinanced its Catamaran CLO 2014-1 via an applicable margin reset (AMR) auction -
US CLO pricing lab: let’s refi like it’s 2017
3 years ago
The new issue US CLO market has been a slow burn over the last two weeks with only six deals being brought to the market amid wider triple A spreads. But the repricing market has been booming with today’s triple A levels still comparatively cheaper than previous vintages exiting their non-call periods -
Brigade, GoldenTree and Sculptor reset $1.5 billion of CLOs
3 years ago
Brigade Capital Management, GoldenTree Loan Management and Sculptor Capital Management took to the CLO primary market on Friday to price a combined $1.53 billion in CLO resets -
AGL cuts debt cost by 123bp in first reset of post-covid CLO
3 years ago
AGL Credit Management has become the first CLO manager to reset a post-covid CLO outside of static-to-static transactions -
Global CLO b-wic round-up: Secondary markets rally despite ‘worst liquidity seen all year’
3 years ago
An adjournment in the US for Veterans Day last week still left plenty of time for the CLO secondary market to rally, thanks to Pfizer's covid-19 vaccine breakthrough and a firmer indication of the US presidential election results -
Trading places: it can pay to bet on the little guy
3 years ago
It’s assumed investors know how good a CLO manager is by the rate at which they trade their way through a crisis. But this time fi ve small, nimble managers are outperforming the market -
Beneath the triple C: downgrade rate slows as $8 billion of CLO loans tumble
3 years ago
May offered some respite to CLO portfolios as corporate downgrades to triple C were reduced heavily - affecting just $6.67 billion of US CLO paper and €1.09 billion of European CLO portfolios -
CLO double Bs begin bounce back in b-wic bonanza
There is renewed hope for junior US CLO debt tranches this year with plenty of funds raised in late 2019 targeting this opportunity and a spike in trading volumes in the early weeks of January. However, dangers still lurk with investors cautious about allocating to CLOs that have barbelled portfolios. -
Global CLO b-wic round-up: US CLO equity returns in big way as four control positions hit the market
4 years ago
Over $230 million of US CLO equity went on sale last week via bid lists, the first time these assets have made their way to the secondary market in 2020. It also marks the most US CLO equity listed in a week since at least 2018, according to CLO-i -
Global CLO b-wic round-up: junior mezz rebounds with busiest week since June
4 years ago
Secondary market CLO trading has made a busy start to 2020 with $478.6 million of US deals and €103.3 million of European CLOs up for sale last week -
HalseyPoint markets debut deal with single Bs as senior US CLO spreads gap wider
4 years ago
HalseyPoint Asset Management is marketing a debut US CLO, which brings a return to CLO issuance for experienced portfolio managers Lynn Hopton and Yvonne Stevens -
Gateway sees an opening for CDOs with flexible mandates
5 years ago
Gateway Credit Partners is taking an unconventional route towards building a corporate credit management platform by creating its business around CDOs -
US CLO b-wic round-up: fixed tranches search for secondary value
5 years ago
US CLO b-wics brought a surprise last week as $51.25 million of fixed double A notes became available in the secondary market -
US CLO league tables: new issues drive volumes as Morgan Stanley and Citi occupy top two spots
5 years ago
Two months into 2019 and the US CLO market looks very different to previous years, as the balance of deal origination has changed -
Global 2019 YTD CLO league tables at a glance
5 years ago
Global 2019 YTD CLO league tables at a glance -
Ellington goes for two-year reinvestment period as it prices CLO
5 years ago
Ellington Management priced a $478.5 million CLO via Barclays on Friday, continuing its strategy of selecting portfolios with high tolerance of triple C-rated loans -
US CLO league tables: Citi stands tall as overall leader but Morgan Stanley tops new issues
5 years ago
It was another fruitful year for the US CLO market as refinancings took a step back, giving new issues room to shine as $116.48 billion worth of new paper entered the market – 44.37% of overall volumes -
Voya drops loan triple As as it resets 2015 CLO via Natixis
5 years ago
Voya Alternative Asset Management has dropped the A1 loan component of its CLO 2015-3 as it reset the deal with a five-year reinvestment period and slightly bigger size -
US CLO league tables: competition intensifies among dealers
5 years ago
$13.6 billion of new issue paper was produced in May, bringing total new CLO volumes to $52.1 billion for the year. And last month there was plenty of movement in the arranger league tables -
Barings to surpass $2 billion in refi volume as it markets fourth deal
7 years ago
Barings is understood to be close to pricing its fourth CLO refinancing of the year, in a $478 million deal
25 results found Showing page 1 of 1
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