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Elmwood racks up its seventh reset of the year
1 day ago
Elmwood Asset Management priced its seventh reset of the year on Monday in a deal arranged by BNP Paribas -
Nuveen refinances three tranches of a 2015 vintage
1 day ago
Nuveen Asset Management on Monday refinanced three tranches of a 2015 BSL CLO, in a deal arranged by Mizuho -
Fidelity’s Ballyrock returns to CLO new issue market
8 days ago
Fidelity Investments, through its subsidiary Ballyrock Investment Advisers, on Monday priced its first new US CLO of 2024 -
Napier Park resets its second 2017 vintage this month
8 days ago
Napier Park on Friday reset Regatta VIII Funding, a 2017 vintage US CLO. It’s the second reset this month of a Napier Park deal from that year. -
Ares refinances 2019 vintage CLO
8 days ago
Ares CLO Management on Friday refinanced Ares LIV CLO, a 2019 vintage US BSL CLO -
Sona prices CLO number two
11 days ago
Sona Asset Management wrapped up a hectic week when it priced its second new European CLO this afternoon -
CLO investor expands into IG tranches with new global fund
1 year ago
The junior CLO debt and equity investor is going up the capital stack to invest in single A and triple B tranches -
Credit belatedly gives up gains after flurry of central bank hikes
1 year ago
Credit markets barely flickered on Wednesday’s US Federal Reserve announcements, but successive central bank rate hikes on Thursday have caused spreads to widen as traders prepare for the festive season slowdown -
Credit and commodities diverge after China abandons zero-covid approach
1 year ago
Markets present a mixed picture at the start of the week, with Europe – still processing Friday’s US jobs numbers – opening cautiously after China’s retreat from strict zero-covid policies boosts commodity prices but raises fears of an infection wave -
Swiss bank looks to plug holes but investors are hun-gruyere for risk
1 year ago
Credit Suisse is a rare, worrisome cloud in an otherwise brightening sky this week, as Europe extends its tightening trend in credit with the US standing at ease for the Thanksgiving holiday -
European CLO managers trade loans to avoid (par) burn
1 year ago
Between March and July, European CLO managers traded €21 billion of assets within CLOs that were still in their reinvestment period as opportunities arose amid a weaker macro environment and Russia’s war with Ukraine -
Credit euphoria follows CPI, but analysts warn of comedown
1 year ago
Softer than expected US inflation numbers have ignited a spectacular rally in financial markets. But strategists and economists warn against the exuberance, arguing more pain is likely on the way -
US CLO league tables: Citi closes in on BofA’s lead
1 year ago
Despite market slowdown, US CLOs continue to produce steady monthly volumes over the $10 billion mark. July brought an influx of $11.99 billion to the US market from 28 new issue deals -
Napier prints short-dated Euro CLO with low ramped warehouse
2 years ago
Standard Chartered picked up another co-placement agent role, while Jefferies was lead arranger on the upsized Henley CLO VII -
PGIM becomes third manager this year to reset 2015 Euro CLO
2 years ago
PGIM has paired with Morgan Stanley to reset its 2015 deal Dryden 39 -
Voya cuts CLO costs across stack with 2019 reset
2 years ago
Voya has reset a US CLO it printed in 2019, slightly increasing the size of the deal and shaving the price of every debt tranche in the capital structure -
Daily new US CLO volume tops $1.78 billion as LCM prints latest deal
2 years ago
LCM Asset Management has teamed up with Natixis to print its fifth CLO of the year, named LCM 36, at $409.1 million -
CLO refi and reset volumes surge with $2.3 billion priced on Friday
2 years ago
CLO refi and reset volumes surged on Friday with $2.3 billion priced across the US market, according to market sources. Brigade Capital Management, MidOcean Credit Partners and New Mountain Capital reset regular-way CLOs, Blackstone Credit scored a regular CLO refi, Sculptor Capital Management refinanced a bond-heavy CLO, and Ivy Hill Asset Management reset a middle market CLO -
KSL amasses $753 million for fourth travel and leisure credit fund
2 years ago
KSL Capital Partners Credit Opportunities Fund III had an initial $675 million target and fundraising took ‘less than a year’ -
Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
2 years ago
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources -
HalseyPoint brings CLOs under management to $1.75bn with fourth deal
2 years ago
HalseyPoint Asset Management issued its fourth CLO on Friday, bringing its total CLO volume under management to $1.75 billion -
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 -
AB makes comeback transaction with second broadly syndicated CLO
3 years ago
AB has priced a follow-up CLO transaction backed by broadly syndicated loans after entering this market six months ago -
Global CLO b-wic round-up: US lower mezz trades strong, but European piece softens
3 years ago
CLO investors have had no chance to catch their breath after a historic 2020 as US CLO secondary volume reached $3.3 billion and European secondary listings topped €1 billion in January -
Euro CLO league tables: Credit Suisse emerges top after big changes at Europe’s CLO desks
3 years ago
October was the busiest month for the European CLO market since the coronavirus first forced global lockdowns in March. Volume reached €4 billion across 12 transactions
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