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Sound Point and Trinitas add $921 million of CLO refi paper
2 years ago
Sound Point Capital Management and Trinitas Capital Management have each refinanced a CLO, with the deals adding a combined $920.7 million to market volume -
US CLO pricing lab: expensive legacy deals take priority as two-three year point on term curve tightens
2 years ago
The US CLO market may have gapped out in recent weeks, but expensive 2019 and covid-era CLO refis and resets are still in the money -
CLO pipeline: Man GLG resurfaces from six-year absence as deals exiting call-lock fill pipeline
2 years ago
CLO spreads have leaked out in recent weeks but deal economics are still favourable, encouraging managers to come back to the primary market for the first time this year -
AGL and Blackstone reset and upsize post-covid CLOs from 2020
2 years ago
AGL Credit Management and Blackstone Credit added to their respective 2020 CLO reset sprees on Monday, with both managers upsizing their post-covid deals -
CLO pipeline: GoldenTree makes good home for single Bs in swarm of activity
2 years ago
Wider CLO spreads are not deterring US CLO managers or equity investors, as 14 new issues, 10 resets and seven refinancings enter the pipeline -
Global CLO trading lab: quality and optionality shine as 2020 and 2019 mezz trades up
2 years ago
The primary and secondary CLO markets are moving in tandem with both markets drifting wider amid a wealth of supply -
Canyon splits triple As into senior and junior notes following CLO refi
2 years ago
Canyon Capital teamed with Barclays on Friday to refinance the entire stack of Canyon CLO 2019-1 -
Redding Ridge prints fourth-largest new CLO of the year at $706.6 million
2 years ago
Redding Ridge Asset Management priced the fourth-largest new issue CLO of the 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 -
Octagon brings fourth new CLO of 2021
2 years ago
Octagon Credit Investors teamed up with Morgan Stanley on Monday to print its fourth new CLO of 2021, bringing its new issue volume this year to $2.1 billion -
Carlyle overtakes Blackstone for 2021 US new issue CLO volume
3 years ago
Carlyle Group has overtaken Blackstone Credit for 2021 new issue CLO volume after teaming with Goldman Sachs to issue Carlyle US CLO 2021-5 on Wednesday -
Post-covid CLO reset market heats up as Jocassee, PGIM and Oaktree price
3 years ago
The post-covid CLO reset spree is well underway as three managers - Jocassee Partners, PGIM and Oaktree Capital Capital Management - reworked deals that originally issued in April or May 2020 -
Global CLO trading lab: Octagon CLO comes out top in CLO double B spike
3 years ago
Double B-rated bonds made up 40% of the European and US CLO secondary markets last week. $222 million of US CLO double B bonds were on sale and a further €105 million of European CLO double B items were listed -
CSAM teams up with Nomura on new issue CLO for first time
3 years ago
Credit Suisse Asset Management has completed its third new CLO of 2021 and its first ever new deal to print via Nomura -
First Eagle teams with BNP Paribas on US CLO
3 years ago
First Eagle Investment Management issued a new $409.7 million CLO on Friday named Wind River 2021-2 -
Global CLO pricing lab: investors get over fatigue and embrace reset roll over
3 years ago
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues -
Invesco lands second tightest US CLO debt execution of Q2
3 years ago
Invesco has priced the tightest US CLO for almost a month, teaming with Natixis on the $512.6 million deal named Invesco 2021-2 -
New issue CLO dry spell ends as Ares produces tight US deal
3 years ago
Ares Management has broken a six-day new issue CLO drought, teaming up with Goldman Sachs on its second deal of 2021 named Ares LX -
US pension terminates three credit mandates due to 'underperformance' and relative value
3 years ago
The New Mexico pension terminated one multi-asset credit mandate and two bank loan mandates -
Blackstone scores tight debt pricing with fourth new US CLO of 2021
3 years ago
Blackstone Credit became the third CLO manager to print a fourth US new issue of 2021 on Monday, teaming up with Citi on its latest transaction named Rockland Park CLO -
CLO pipeline: go long! new issues and resets push refis aside
3 years ago
The CLO market is ready to go beyond refinancings - after this year's opening blitz of those deals - into the longer tenored territory of resets and new issues -
LCM enters 2021 market with largest new CLO in over three years
3 years ago
LCM Asset Management issued its first new CLO of the year on Friday, teaming up with Natixis on the deal named LCM 32 -
Blackstone resets one of market's final pre-covid CLOs
3 years ago
Blackstone Credit has teamed up with Citi to reset its 2020 vintage CLO named Harriman Park -
AIG prints rare three-year reset of comeback CLO
3 years ago
AIG teamed up with Credit Suisse on Friday to print a rare three-year CLO reset of its comeback transaction from 2018 -
CLO heavy hitters push $1.5 billion refi paper into market
3 years ago
Another $1.5 billion CLO refi paper has hit the market after Allstate, Columbia Management, CIFC Asset Management and Credit Suisse Asset Management priced cost-cutting deals
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