US CLO b-wic round-up: secondary volumes reach new heights with equity lagging9 days ago
The US CLO secondary space saw almost $1.8 billion of paper listed last week according to CLO-i, a record amount for this year. Equity, however, did not draw much interest
Seriously, the CLO arb is difficult right now21 days ago
We know the arbitrage for CLO equity is never perfect, but the arb progressively deteriorated through 2018. Since January, the picture has worsened further after a brief respite in December
US CLO round-up: dropping anchor (investors) brings CLO spreads tighter22 days ago
Syndication was the theme of the week across the global CLO market last week as managers and arrangers presented deals which were sold to a more diverse group of investors than has been the case for most of this year.
GSO prices CLO with tightest prints across senior and junior tranches26 days ago
CLO spreads fell sharply yesterday as GSO Capital Partners priced a new issue deal named Niagara Park CLO with a weighted average funding cost of 176.65 basis points over Libor
- Room for 10 more? The average loan overlap among recent European CLOs is 48.7% – so the expected influx of new managers will have to work hard to distinguish themselves from the pack27 days ago
Global b-wic round-up: US CLO equity continues its surge1 month ago
Last week marked the third straight week that the US CLO secondary market has seen total listings of under $600 million, but over a quarter of that was equity.
Spire wins Creditflux Manager of the Year award1 month ago
Spire Partners was the big winner at Creditflux's Manager Awards last night as the London-based manager scooped the award for the manager of the year. On top of this, the firm picked up awards for Best European CLO Manager and Best European CLO for Aurium CLO II
Euro CLO league tables: at long last - a reset, a refi and a debut1 month ago
A chill swept through the European CLO market in April. While managers priced €3.16 billion of CLOs, it was the slowest month since January.
Two CLO investors leave GSO in London1 month ago
Two experienced CLO investors have parted ways with GSO Capital Partners in the last few weeks
Return of the refi: GSO produces Europe's first CLO refinancing for seven months1 month ago
GSO Capital Partners has priced Europe’s first CLO refi transaction since last September, according to market sources
CLO pipeline: managers seek to return as others arrive, after testing Q12 months ago
With the first quarter of 2019 now in the books, the CLO market looks to be continuing where it left off.
Creditflux reveals finalists for most competitive Manager Awards ever2 months ago
To compile the shortlist for the annual Creditflux awards, we select the best performers in credit using a combination of detailed, data-driven metrics. The winners will be announced on 8 May
Controlling class conditions unshackle CLO managers3 months ago
CLO managers are looking to the future by incorporating ‘controlling class conditions’ in their CLO documentation, which kicks in if an anchor triple A investor exits their deals
Euro CLO league tables: repricings take a back seat while new issues get going3 months ago
The European CLO market showed signs of kicking back into gear in February with €3.32 billion of issuance
Tail wags dog as European CLOs' 108bp benchmark drags loans3 months ago
European CLOs usually price on the back of where underlying loans are printing, but this year the reverse looks to be true
GSO becomes first manager to price two new issue CLOs this year4 months ago
GSO Capital Partners on Friday became the first manager to issue two new CLOs in 2019, following the $502.05 million deal named Buckhorn Park
Euro CLO round-up: largest managers brave primary market amid regulatory squeeze4 months ago
Two seasoned European CLO managers stepped into the primary market to price new issue deals amid a period of uncertainty as the Securitisation Regulation put forth by the European Securities & Markets Association (Esma) beds in
US CLO round-up: it's a slow start, but at least we have a benchmark as 42 deals fill pipeline4 months ago
It’s safe to say 2019 is off to a slow start for the US CLO market. This past week, $1.4 billion has priced, bringing total issuance in January 2019 to $5.7 billion. That’s 70% below the January 2018 new issue volume of $20 billion.
GSO prices Europe's largest new issue CLO in over six months4 months ago
Europe’s CLO primary market is taking off, with GSO Capital Partners today becoming the third manager to price a new issue deal on the continent
GreensLedge and NatWest score GSO as euro CLO client4 months ago
GSO Capital Partners has mandated GreensLedge and NatWest Markets as co-arrangers for its first new CLO of the year, named Crosthwaite Park
Euro CLO league tables: New issues dominate in record-breaking year5 months ago
The European CLO market bloomed to the fullest in 2018 and new issue volumes broke all records as €27.59 billion of new paper entered the market. Including all forms of refinancings, 2018 volumes reached €43.68 billion – just €2.05 billion short of 2017’s figures
The financial crisis was the making of 'em6 months ago
Some of the largest and best performing CLO managers before the crisis were fairly nimble by today's standards - but these 1.0 outperformers are now among the biggest names in the industry.
GSO scores quarterly refi tights with its 24th CLO of the year6 months ago
GSO Capital Partners priced its 24th CLO transaction of 2018
Euro CLO league tables: Rockford Tower debuts to take manager list up to 417 months ago
European CLO volumes picked up in October as €2.4 billion of new issue paper priced, taking up 62.2% of overall volumes as repricings took a back seat.
GSO produces 11th new issue transaction of the year in $716.25 million Harbor Park CLO7 months ago
GSO Capital Partners priced its 11th new issue CLO of the year yesterday named Harbor Park CLO
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