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Pinebridge prices new US reset
2 months ago
Los Angeles-based PineBridge Investments reset its 2017-vintage Galaxy XXIV CLO earlier this week -
State of the US Loan Market 3Q23 - Xtract Special Report
6 months ago
The US leveraged loan market continued to languish in 3Q23, but the average covenant score for large Sponsor loans bounced back somewhat from its precipitous decline in 2Q23 according to this special report -
Scotiabank gets first CLO deal with Blue Owl tech reset
9 months ago
Scotiabank scored its first CLO arranging credit on Monday after serving as joint bookrunner with MUFG on a $204 million reset for Blue Owl Capital -
CLO rankings: manager AUM, advisory firm and trustees Q1 2023
1 year ago
Two acquisitions close to shake up the top and Dechert takes early lead over Milbank in manager counsel rankings -
Pressure starting to mount as CLO warehouses turn stale
1 year ago
In the US CLO market, deals have been marinating for a long time. That’s to say CLO warehouses – the traditional appetiser before a CLO is served – have been at the prep stage far longer than managers would have originally expected. -
Carlyle strikes agreement to manage $112m listed fund and shift strategy to CLOs
1 year ago
Vertical Capital Income Fund has struck an agreement for Carlyle Group to take over as investment advisor in a move which will result in the New York Stock Exchange-listed fund shifting focus towards CLO debt and equity investments. -
Beneath the triple C: Winter is coming for CLOs as downgrades outstrip upgrades
1 year ago
Both US and European issuers have felt downward pressure from the rating agencies as we head towards the end of the year, with downgrades to triple C now firmly outpacing upgrades out of it. -
Mid market CLO league tables: HIG returns to CLOs while Natixis gallops further ahead
1 year ago
Three managers priced a mid market CLO in October as volumes crossed $1 billion for the third straight month -
Mid market CLO league tables: Golub gains ground on Blackstone with rare euro-tranche deal
1 year ago
Four managers - Blue Owl, Golub, Monroe and PennantPark - priced new issue mid market CLOs in September -
Beneath the triple C: US CLOs take a dip in the triple C as Europe watches from the sun lounger
1 year ago
The US CLO market bore the brunt of downgrades to triple C in July and August, with a total of $6.22 billion of paper affected. European CLOs enjoyed a more relaxing summer holiday, with only 1 name representing €33.88 million worth of bonds downgraded to triple C. -
Market rides out China-US fray with oil, rates and jobs back in focus
1 year ago
US and European credit markets are exhibiting a firmer tone on Wednesday, with investor focus having shifted from Taiwan concerns to Opec+ oil supply. But a looming Bank of England rate hike and US jobs data mean caution remains the watchword -
Russia and retail put stop to credit rally with big spread reversal
1 year ago
Russia’s move to cut gas supplies once again to Europe, as well as a Walmart profit warning in the US, are weighing heavily on markets Tuesday and sending credit spreads sharply wider -
BlackRock CLO triple As set new benchmark of 205bp
1 year ago
The emerging benchmark triple A spread for three-year reinvestment CLOs is 205 basis points, with BlackRock having placed first pay notes there on its latest offering, Magnetite XXXV -
PGIM goes for three years of reinvestment with new US CLO
1 year ago
PGIM opted for a shorter three-years of reinvestment on its latest CLO -
CLO pipeline: large managers defy loan drought to keep market moving
1 year ago
US CLO senior spreads may have blown out to 180-190 basis points over Sofr for five-year deals, and even wider for short-dated new issues, but that will not stop the market from soldiering on -
Skew opens up as indices pivot following broad sell off
1 year ago
The opening of the US session on Thursday has brought a firmer tone, after European and Asian markets extended their weak run. But the reversal in index direction has left single name credits still sitting at much wider spreads -
Energy firms underperform in credit sell off as oil prices slump
1 year ago
Investment grade credit is the underperformer on Wednesday as the market pivots wider amid negative economic signals and ahead of US Federal Reserve chair Jerome Powell’s appearance before Congress -
Angelo Gordon prints 30th European CLO new issue of 2022
1 year ago
The €447.95 million deal, named Northwoods Euro CLO 26, brings CLO new issuance volume this year to €12.6 billion, according to Creditflux data -
Capital Four prints two-year ESG European CLO
2 years ago
Capital Four has become the latest European CLO manager to print a short-dated new issue, with JP Morgan arranging the €351.6 million deal, named Capital Four Euro CLO IV -
Mid market CLO league tables: Arranger base grows as bumper day boosts issuance
2 years ago
Managers priced $3.4 billion of mid market CLO paper priced last month, the second busiest month of the year behind February and the third straight month new issues and resets made up 100% of issuance -
CSAM launches reset of 2020 European CLO
2 years ago
Credit Suisse Asset Management has launched a rare reset in the CLO market, reworking its 2020 European deal named Madison Park Euro CLO XV -
AlbaCore locks in triple As for longer with tight CLO execution
2 years ago
AlbaCore Capital has gone the unusual route of featuring two separate non-call periods for tranches on its latest European CLO today, arranged by Jefferies -
Goldman Sachs poised to arrange manager's debut US CLO
2 years ago
Goldman Sachs looks set to arrange the debut US CLO for a manager in the coming months -
KKR prices CLO with unusual reinvestment-call lock profile
2 years ago
KKR has priced a rare CLO with a short reinvestment window but long non-call period -
Global CLO league tables - February 2022 YTD
2 years ago
Global CLO league tables - Feb YTD
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