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Europe/US relative value comes into play amid growing credit outflows
2 years ago
Big successive moves wider are taking credit spreads to new extremes and bringing compression between Europe and the US amid the highest daily market volatility since 2020 -
Napier Park goes back for seconds with another November CLO via Nomura
2 years ago
Napier Park Global Capital on Wednesday priced its second new issue US CLO via Nomura this month -
European reset wave begins as Partners reworks 2018 CLO
3 years ago
Partners Group’s Penta CLO 5 has become the first European CLO to reset in 2021 -
Bankrupt Hertz runs out of gas with CLOs holding $245 million
3 years ago
CLOs hold $245 million of Hertz’ debt as the US-based car rental company drives into bankruptcy protection, with the coronavirus panedemic putting brakes on the Estero, Florida-headquartered's firm car rental operations -
Net short CDS provisions reach Europe as Legoland owner aims to block activist investors
4 years ago
A buy-out financing package for Merlin Entertainment will provide what looks to be the first instance in the European market of provisions aimed at deterring lenders from being net short borrowers’ debt through CDS -
Neuberger hits benchmark pricing with second reset of 2014 CLO
5 years ago
Neuberger Berman has reset for a second time its CLO XVIII deal, pricing the deal via Barclays with a five-year reinvestment period -
US CLO league tables: GSO and Morgan Stanley close the gap on market leaders
5 years ago
CSAM and Citi are the market leaders when it comes to new issue CLOs - but there's growing competition -
US CLO round-up: vacation time is over as CLO market bursts into life
6 years ago
The US primary issuance market is slowly coming to life and this week two new issues, two resets priced and one refi has priced, contributing $2.6 billion to CLO supply this week. -
Sound Point goes big with new $814 million US CLO
6 years ago
Credit Suisse has priced an $814 million CLO for Sound Point Capital Management, according to market sources -
AB prices debut middle-market CLO
7 years ago
AB Private Credit Investors, an affiliate of AB (previously known as Alliance Bernstein), has priced its debut middle market CLO, according to market sources -
Carlyle aims for 150bp triple-A print as euro CLO nears pricing
8 years ago
The Carlyle Group is on course to price its third European CLO of the year today, according to market sources -
3iDM CLO is re-refinanced with novel step-up feature
8 years ago
A CLO, which has its origins in a 2010 deal known as COA Tempus CLO, has been refinanced with a novel single-B tranche -
CIFC leaves single Bs in place as it refinances 2012 CLO
8 years ago
CIFC Asset Management completed a refinancing of CIFC 2012-II on Friday, according to market sources -
Manager extends CLOs' reinvestment periods as part of refi
8 years ago
New issue CLO investors have started to accept longer reinvestment periods recently. Now, for the first time secondary market investors, have agreed to a reinvestment extension in a 2.0 refinancing -
Babson shaves 26bp from funding costs as it refinances 2012 CLO
8 years ago
Babson Capital Management priced a refinancing of a 2012 CLO yesterday, according to market sources. -
MJX shaves 23bp from funding costs as it refinances 2012 CLO
9 years ago
MJX Asset Management has priced a refinancing of its 2012 CLO Venture XI, according to market sources. -
Calpers to scrap $4.5 billion hedge fund portfolio
9 years ago
One of the largest pension funds in the world, California Public Employees' Retirement System, has announced plans to scrap its $4.5 billion hedge fund programme. -
Manager drops static CLO plan and opts for short reinvestment period
10 years ago
A $650 million CLO has been issued with an 18-month reinvestment period after the original plan for a static deal was dumped -
Seasoned Cairn CLO builds positive IRR with plus-30% equity payment
10 years ago
A 2006 vintage CLO managed by Cairn Capital made a high distribution to equity investors -
Credit market snapshot: credit moves wider last week on weak economic data
11 years ago
US credit edges tighter yesterday with London markets closed -
Credit market snapshot: credit moves tighter on Chinese loan data
12 years ago
Italian government bond auction also boosts market sentiment -
Credit market snapshot: it’s safe to go on holiday now
12 years ago
Credit markets ended yesterday a little tighter across the board -
Credit market snapshot: spreads tighten in short-covering rally
12 years ago
US credit spreads ended yesterday tighter for the first time since the start of last week -
Buyer looks to take on BB CLO through credit default swap
13 years ago
In a rare occurance, today sees a CDS b-wic on the market as a seller hunts bids for protection -
Latest CLO prices wider than expected
13 years ago
Citi has priced the latest new issue CLO, following hot on the heels of last week's deal for LCM
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