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US CLO refinances with 110bps senior spread
2 days ago
Spreads on US refis hit a new yearly tight on Friday, when KKR refinanced one of its 2013-vintage deals -
GSAM makes grand return to CLO issuance after three year absence
1 year ago
Goldman Sachs Asset Management made a grand return to the CLO primary market on Friday, pricing a new $401.61 million deal after a three year absence -
GoldenTree prints second US CLO new issue within three weeks
1 year ago
GoldenTree Asset Management on Friday priced its second new issue US CLO in less than a month, bringing the number of CLO transactions the manager has priced this year to four -
Barings prints Euro CLO double Bs at widest levels of 2021, but seniors hold firm
2 years ago
European CLO mezzanine tranches widened on Friday with Barings’ latest European CLO new issue as November issuance passed €5 billion -
Global CLO trading lab: bank sells $834 million triple As in quarterly reallocation as hedge fund trades CLO equity
2 years ago
Thursday’s secondary CLO market was the busiest of 2021, with over $1 billion of US CLOs on offer. This featured an enormous b-wic worth $834.3 million, where sources have told Creditflux of the bank behind the aucton. While a large credit hedge fund is said to have sold out of control CLO equity -
Control position in strong 2018 Axa CLO on sale today
2 years ago
$29.2 million of Allegro VII, a 2018 CLO managed by Axa Investment Managers, is on sale today in an all US CLO equity b-wic at 10am EST (3pm UK time). The bond is the fifth US CLO majority equity position to be listed on a b-wic this year -
Global CLO league tables - April 2021 YTD
2 years ago
Global CLO league tables - April 2021 YTD -
$1.25 billion of CLO refis span range of tenors
3 years ago
The CLO primary market absorbed $1.25 billion of refinancings as American Money Management Corporation, First Eagle Investment Management, PGIM and Alcentra priced cost-cutting transactions, with different reinvestment periods across the pack -
Tale of two leaders as Brazil and Italy go separate ways
3 years ago
The intervention of governments has been a prominent factor in financial market performance during the coronavirus pandemic. But Italy and Brazil have provided stark examples of how individual leaders can drive credit performance sharply in opposite directions -
Barings' CLO team partners with Citi for first CLO as partnership since 2016
3 years ago
Barings has teamed up with Citi to print a new CLO, marking the manager's first partnership with the largest CLO arranger for the first time in over four years -
CLO Census 2020 to open next week - make sure your firm is listed
3 years ago
The Creditflux CLO Census 2020 is expanding its scope in what is the most comprehensive study of its kind. The definitive survey of global CLO market participants, which last year drew 201 responses, is set to go live on 1 October -
Double As reach 200bp as HPS prices European CLO
3 years ago
HPS Investment Partners has priced its inaugural European CLO of 2020 via BNP Paribas, achieving market tights across nearly all parts of the capital stack -
Mezzanine CLO spreads tighten by over 20% with Spire European deal
3 years ago
European CLO spreads have tightened sharply across the board after Spire Partners priced Aurium CLO VI at levels much tighter than recent deals -
Euro CLO league tables: May’s refinancings fall just shy of €1 billion
4 years ago
European CLO monthly issuance has stayed roughly level since February what has differed recently though is the volumes of all forms of refinancings. -
CLO round-up: reset triple As price apart on divergent portfolios
5 years ago
CLO spreads have been volatile of late with seemingly no consistency in triple A CLO prints from deal to deal. In a reset-heavy week, BlackRock and Marathon Asset Management were positioned at opposite ends of the spectrum -
BlackRock prices US CLO triple As 4.9bp tight of market average
5 years ago
BlackRock has priced a reset of its 2015 CLO, Magnetite XII -
US CLO round-up: volatility moves pricing curve out of whack
5 years ago
CLO triple As have been pricing at wildly different levels - that's the long and the short of it -
Benefit Street reworks 2016 CLO to reduce funding costs by 61bp
5 years ago
Benefit Street Partners has made a quick-fire return to the CLO market with a reset of its 2016 deal, Benefit Street Partners IX -
US CLO round-up: triple A notes come in all different shapes and sizes
6 years ago
CLO triple As priced at varying levels this week with an 8.5bp gap between the tightest and widest prints -
Investcorp resurrects 2013 CLO following $369 million short-dated reset
6 years ago
Investcorp has priced a short dated reset, extending a 2013 vintage deal's reinvestment period for two years -
CLO round-up: it's a good time to be a debut manager
6 years ago
New managers are taking advantage of welcoming debt investors by speedily raising CLOs. Our analysis shows that 2017 is the perhaps the best time to price a debut CLO since 2013 -
Citi upsizes 2016 CLO by 64% as part of reset
6 years ago
A CLO originally designed as a short-duration deal has been repackaged into a regular way deal. As part of the transformation, Citi has upsized the CLO by 64% -
BAML to convert fixed rate tranches to floating with forthcoming CLO refi
7 years ago
Bank of America Merrill Lynch is marketing a refinancing of a 2014 CLO managed by Neuberger Berman, according to market sources. -
York prices third CLO in short-dated $403 million deal
7 years ago
York Capital has priced its third CLO, according to market sources, in a deal which features a two-year reinvestment period -
Credit market snapshot: credit snaps widening streak
11 years ago
European credit continues to tighten in early trading this morning
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