Ares reissue gets a refi
Another (arguably) 2013 vintage CLO came back to the market on Friday in a refinancing of a 2018 reissue

Ares refinances 2019 vintage CLO
Ares CLO Management on Friday refinanced Ares LIV CLO, a 2019 vintage US BSL CLO

US CLOs get welcome boost as major name returns to single B
CLO mangers received a welcome boost last week after S&P Global Ratings upgraded an arts and craft retailer rating to B- from CCC+- on Friday, citing “significant improvement” in operating margin and cash generation.

Marble Point refinances late 2020 vintage US deal
Marble Point Credit Management priced a refi of four tranches of Marble Point CLO XIX last week

New US CLO gives CIFC and partners the chance to give back to society
CIFC Asset Management priced CIFC Funding 2024-II today, the manager’s third new CLO of the year, and the latest part of CIFC’s CLO Initiative for Change

US static CLO's second refi brings in senior spreads more than 110bps in total
A refinancing of a 2022-vintage static CLO this week tightened the triple-A spreads by 60 basis points – further improving the near-50 bps tightening from the deal’s first refinancing just six months ago

Octagon adds new life to 2017 vintage US CLO
Octagon Credit Investors has refinanced Octagon Investment Partners 31, a frequently refinanced deal dating back to June 2017.

CVC reissues structured financing facility as a full European CLO
The beginning of February saw something unusual in the CLO market – a reissue of the CVC Cordatus Opportunity Loan Fund, undertaken by CVC Credit Partners.

Funds round-up: Jan 2024 - a positive start for the New Year
Asset managers continue to raise funds for private credit in our roundup of notable fundraising in January 2024. 

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

Bank of America arranges short-dated CLO for Neuberger Berman
The recent spate of short-dated CLOs continued on Friday as Neuberger Berman became the latest manager to price a deal with one-year non-call and reinvestment periods

It’s raining CLOs as eight price in a day
The dismal weather in New York today was matched with a deluge of CLOs as eight priced

DebtDynamics EMEA | Under pressure: likely-to-distress scores highlight struggling industries and regional woes
The European leveraged market has crossed the threshold of 100 companies at the stressed/distressed lifecycle stage, according to Debtwire data

September 2023 US Leveraged Highlights
Refinancing continues to amplify leveraged debt volume in Debtwire's latest report featuring key trends in the leveraged loan and high-yield bond market

ABS spreads hold up in spite of September issuance deluge, while CLOs soften
Trading activity in European ABS has slowed down, as the market absorbs one of the busiest months for issuance for years

Tikehau sees market-tight triple A print on new Euro CLO
Tikehau Capital priced a new CLO on Friday and its triple A notes came in at a market-tight print of 175 basis points over Euribor

Onex prints new European CLO with 175bp triple As
Onex Credit Partners issued a new European CLO on Friday with the triple A notes pricing at a market-tight print of 175 basis points over Euribor

New CLO from Rockford Tower scores tightest spreads in Europe since Q1
Rockford Tower Capital Management priced a new €375.5 million European CLO on Friday and saw the tightest capital structure since the first quarter of this year

DebtDynamics North America: Likely-to-distress scores highlight struggling industries
Out of a universe of more than 12,000 leveraged US companies, 180 are in the stressed/distressed lifecycle categories

Polus prints first new CLO following rebranding
Polus Capital Management has priced its first CLO since rebranding from Cairn Capital last year

Primary loan and bond markets shows signs of revival, but at a cost
Activity in the US junk debt market has picked up after the 4th of July and the momentum is expected to continue through 2H23, but at a cost for issuers.

European secondary ABS market rallies amid vibrant summer primary
After last week’s spread widening, triggered by a repricing of monetary policy expectations, sentiment in Europe’s structured finance market is on the upswing again.

June 2023 US Leveraged Highlights
Debtwire has released the June 2023 US Leveraged Highlights, featuring key trends in the leveraged loan and high yield bond markets.

Sound Point becomes 5th largest CLO manager as Assured deal completes
Sound Point announced the completion of its partnership with Assured Guaranty yesterday jumping Sound Point into position as 5th largest CLO manager in the world.

May 2023 US Leveraged Highlights
Leveraged investors continue to favor bonds to loans, according to the Debtwire May 2023 US Leveraged Highlights, featuring key trends in the leveraged loan and high yield bond markets.