CSAM gets happy ending as CLO 69 prices
Credit Suisse Asset Management continued its rapid pace of new CLO issuance today, pricing its latest new deal with a tight print

New Mountain prices second quasi-CLO
New Mountain priced a second rated feeder fund last week, a deal that straddles the line between the simpler traditional rated feeder fund structures and middle market CLOs

Golub keeps up the pace with big static BSL CLO
Golub has returned to the market with another typically sizeable offering, adding the fifth-largest deal of the year to their portfolio 

Europe sees another delayed-draw AAA as Onex prices
Onex Credit Partners became the third manager to bring to market a deal with a triple-A tranche in a delayed-draw format, when it priced OCP Euro CLO 2024-9 yesterday

Sixth Street refis another US BSL CLO
Sixth Street yesterday reworked its second deal in as many weeks with its USD 373.65m reset of TICP CLO XI

KKR leads flood of European CLOs
The first European print of 2024 for KKR, arranged by JP Morgan, came on a busy day for Euro CLOs

Refi of PennantPark V middle-market CLO tightens triple-A by 90bps
Pennant Park has refinanced its PennantPark V CLO, a middle-market deal from late 2022

European CLO reset matches market tights
The triple-A spreads on a European reset matched the tightest seen in European new-issue this year with the restructuring of a 2022-vintage transaction yesterday

Europe sees second CLO reissue of 2024 price
Fidelity Investments priced a European CLO reissue on Monday, according to market sources, following CVC's lead from last month

Carlyle joins the 2018 vintage refi party
Carlyle Group this week joined a brace of 2018 US CLO refis, as Nomura restructured Carlyle US CLO 2018-2.

Orix added XER IO tranche for latest reset
Orix Advisers priced its second reset of the year on Monday, a US BSL deal with a novel IO fee stream kicker

RR ABS returns with new Vista deal
The growing market for recurring revenue securitizations saw a boost last week with the pricing of VCP RRL ABS III

European CLO market stirs as first refi of the year prices
BNP Paribas injected some life into the sluggish European CLO market on Monday with the first European refi of the year

AB adds MM CLO reset to its roster
Although most attention over the past week has been focused on the BSL market, AllianceBernstein has been active in the middle market arena, with a reset of its 2019-vintage ABPCI Direct Lending Fund CLO V

Wells Fargo delivers new BSL CLO for Post
Post Advisory Group, which has priced one CLO in each of the prior three years, returned to the primary market on Tuesday for the first time in 12 months with details of its latest deal, a new-issue US BSL valued at USD 403.98m

Northwestern keeps it tight for fourth US CLO
Northwestern Mutual priced its fourth CLO on Wednesday, market sources said, with a USD 451.15m deal arranged by Barclays that showed impressively tight funding throughout the stack

AB Carval joins 2024 pipeline
AB CarVal has foreshadowed its first deal of 2024 with the announcement of marketing materials for CarVal CLO IX-C, a USD 508.3m BSL CLO arranged by Deutsche Bank

CLO market round-up: holiday cheer hits as US senior spreads move in
The holiday period saw a brace of end-of-year US deals pricing, with a range of new issues, resets and a refi to lead the market into 2024, and senior spreads move firmly back in the 160s.

End on a high: institutional loan and HY bond issuance rises 44% YoY
Leveraged finance (LevFin) issuance across the US institutional loan and high-yield (HY) bond markets totalled USD 529bn in 2023, representing a 44% year-on-year (YoY) increase

How worried should we be about defaults?
As defaults in the US loan market continue to stack up, we investigate the fallout for CLO investors by focusing on the OC tests of double B tranches across 10 years of US CLO vintages

Cryptocurrency startup launches Bitcoin private credit fund
Meanwhile Advisors hopes to attract the attention of institutional investors, who will buy into the new bitcoin private credit fund in US dollars, which will then be converted to Bitcoin

Middle market issuance continues with Deerpath deal
Deerpath Capital Management has priced its second new middle market deal this year, a transaction valued at USD 353.65m featuring three fixed-rate tranches

Redding Ridge reset marks Scotia's first lead arranger role
Scotiabank continued its push into the CLO arranging business yesterday, arranging its first CLO as the sole structuring agent and lead placement agent

Barings prices two deals in a day
In a highly unusual move, Barings yesterday priced two middle market CLOs, worth a combined USD 862.15m, within hours of each other