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BlackRock and Irradiant refinance legacy CLOs
2 years ago
BlackRock and Irradiant Partners each refinanced a legacy CLO on Thursday -
Carlyle and Pretium opt for short reinvestment periods on new US CLOs
2 years ago
Carlyle Group and Pretium each opted for a short reinvestment period as they printed new CLOs on Friday -
US CLO league tables: Blackstone takes new issue lead amid monthly new issue record
2 years ago
The US CLO market priced $23 billion of new issues in November, setting a record for most new issuance in a month in the 2.0 era -
CSAM releases market from grip of 113bp triple As with tightest US CLO print since June
2 years ago
CSAM has issued a US CLO with senior notes at 110bp, the tightest print since June, which also breaks a three-month run where triple As refused to drop below 113bp -
Treasury desk lists $818 million b-wic as hedge fund looks to offload control CLO equity in bumper day
2 years ago
State Street once again listed over $800 million of US CLO triple A bonds on Tuesday, having sold $834 million of triple A paper last month -
PGIM matches seven others with benchmark US CLO triple As at 113bp
2 years ago
PGIM has matched benchmark levels for new US CLO triple As, pricing the senior debt in Dryden 90 at Libor plus 113bp -
Ares and Wellfleet partially refi legacy CLOs
2 years ago
Ares Management and Wellfleet Credit Partners partially refinanced a legacy CLO each Wednesday night via Goldman Sachs and Citi, respectively -
Blackstone passes $5 billion in US CLOs this year with 10th new issue
2 years ago
Blackstone Credit teamed up with BNP Paribas on Friday to print its 10th US CLO of 2021, becoming the second manager in history to pass $5 billion annual issuance -
Global CLO trading lab: bank sells $834 million triple As in quarterly reallocation as hedge fund trades CLO equity
2 years ago
Thursday’s secondary CLO market was the busiest of 2021, with over $1 billion of US CLOs on offer. This featured an enormous b-wic worth $834.3 million, where sources have told Creditflux of the bank behind the aucton. While a large credit hedge fund is said to have sold out of control CLO equity -
CSAM regains best manager throne
2 years ago
Upstart CLO managers overtook more experienced rivals at last year’s Creditflux Manager Awards, but CSAM and other large firms, such as PGIM, emerged victorious in London this time around -
Global CLO trading lab: Seasoned equity prices lag as debt spreads level out
2 years ago
The CLO secondary market took a back seat to the surging primary market in August and September with secondary US CLO volume accounting for just 3.7% and 4.2% of the total US CLO market (primary and secondary volumes). But opportunities are there in CLO equity tranches -
Invesco, Napier Park and Oaktree refinance 2019 CLOs
2 years ago
Three CLO managers - Invesco, Oaktree Capital Management and Napier Park Global - have each refinanced a 2019 CLO, with the three deals totalling over $1.5 billion -
US CLO pipeline: 33 new issues enter market with historic CLO records on the verge of shattering
2 years ago
The US CLO market is running as hot as it has all year with a whopping 33 managers marketing new issues CLOs, according to market sources -
Neuberger Berman, Sculptor and First Eagle tap CLO refi market
2 years ago
Three CLO managers refinanced 2019 CLO paper worth a total of $1.44 billion on Friday -
Oaktree prunes another 2019 CLO with refi
2 years ago
Oaktree Capital Management has refinanced a 2019 CLO, which has about two and-a-half years to run on its reinvestment period. -
Blackstone prints eighth CLO of 2021 and scores tightest funding costs since May
2 years ago
Blackstone Credit paired with Nomura on Thursday to issue its eighth new US CLO of the year, scoring the tightest funding costs since May in the process -
Assured cuts funding costs of 2016 CLO by 21bp with refi
2 years ago
Assured Investment Management has cut the funding costs of its 2016 CLO named BlueMountain 2016-2 by 21.1 basis points in refinancing the deal via Citi -
Vibrant cuts 2016 CLO's funding cost by 25bp with refi
2 years ago
Vibrant Capital Partners teamed up with Morgan Stanley on Friday to refinance its 2016 CLO named Vibrant IV -
Anchorage saves on two CLOs with refi and partial refi
2 years ago
Anchorage Capital Group is on a run of refinancings, having lightened the capital structure of a 2016 CLO shortly after it partially refinanced a 2018 deal for the second time in less than a year -
Fort Washington gives CLO primary market second fort
2 years ago
Fort Washington Investment Advisors has priced its first new CLO of the year, and its second ever, via JP Morgan -
BlackRock upsizes 2020 CLO by $270 million with reset
2 years ago
BlackRock has pulled off one of the largest CLO upsizes of the year by resetting its 2020 deal Magnetite XXVI via Goldman Sachs -
PGIM becomes third CLO manager to print triple As at market tights
2 years ago
PGIM priced its latest new CLO on Thursday, becoming the third manager to place its triple A notes at the quarterly market tight of 112 basis points over Libor -
DoubleLine and Rockford Tower bring weekly US CLO refi supply to $2.4 billion
2 years ago
US CLO refinancing supply topped $2.4 billion in a week after two managers emerged on Friday with refinancings of 2019 vintage deals -
Blackstone establishes 112bp as spread to beat with tight CLO triple As
2 years ago
Blackstone Credit has become the second manager to print CLO triple As at the market tight of 112 basis points over Libor, establishing the level as the benchmark -
Allstate beats market once again with tightest US CLO print since June
2 years ago
Allstate Investment Management Company priced its latest CLO named Aimco 15 on Tuesday and again demonstrated its ability to print its liabilities well inside the market average
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