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

Ares turbocharges European CLO
Jefferies arranged a new European CLO on Thursday featuring a turbo feature for the class F notes

Arrowmark adds six-month triple A make-whole provision to latest deal
ArrowMark Partners has priced a US new issue CLO that has a six month make-whole provision for the class A-1 tranche

Redding Ridge adds to tally with US new issue CLO
It has been a slow week for the CLO market but Redding Ridge has started the ball rolling again with its fourth US deal this year

Fortress prices middle market deal with CP reference rate
Fortress Credit Opportunities VIII CLO features a senior tranche that references both SOFR and a CP rate

Man GLG returns to Europe with short-dated CLO
Man Group has returned to the European CLO market with the pricing of its first new deal since 2020 

Bain breaks the mould with 2020 CLO reset
Bain Capital Credit has priced a US reset, arranged by Mizuho, of a 2020 vintage CLO

BlackRock matches recent tights for the latest 2022 vintage CLO reset
The steady stream of 2022 vintage CLOs resetting continued today, with BlackRock resetting Magnetite XXXV

Carlyle prices first CLO reset of 2023
Goldman Sachs arranged the reset of a late 2022 vintage Carlyle CLO

Allstate comes out swinging with tightest US CLO print this year
After sitting out the first three quarters of 2023, Allstate Investments reentered the US CLO market with a bang last week

Nomura prices another short-dated US CLO
Irradiant Partners became the latest manager to price a short dated deal on Thursday

SocGen keeps up activity in middle market CLOs
The French bank priced a new middle market CLO for BlackRock last week

Partners Group returns to US CLO market for third time this year
Bank of America priced a new US CLO for Partners Group at the end of last week, the manager’s third new US deal this year

HSBC takes co-placement role on new Blackstone deal
HSBC took a co-placement agent role on the latest Blackstone European CLO, arranged by Morgan Stanley

BNP Paribas arranges new European CLO with split single Bs
CVC Credit Partners joined the rush of European issuance this week, pricing its fifth new European CLO of 2023

Palmer Square makes it four in Europe this year
Palmer Square has priced a new European CLO arranged by Barclays

Benefit Street prints new US CLO
Benefit Street Partners priced a new US CLO arranged by Goldman Sachs

European CLO reset market opens for business
The first European CLO reset of the year happened this week in a EUR 400m transaction arranged by Deutsche Bank 

Invesco adds third European CLO this year to its tally
Invesco Euro CLO XI DAC was arranged by Goldman Sachs in a EUR 400m transaction

MidCap goes minimalist for mid-market deal
MidCap Financial, an Apollo affiliate, has priced a new middle market CLO called MFIC Bethesda CLO 1

Octagon 68 prices with triple As at SOFR +167.5bps
Wells Fargo arranged a new US CLO for Octagon Credit Investors on Friday

Manager tiering collapses as US issuance picks up
In September, manager tiering in the US market for new CLOs fell to its lowest basis this year, encouraging debut managers and small existing managers back to the market.

Easy gains of 2022 won’t be repeated but shorted-dated CLOs could still have upside
The latest trend to hit the US market is the pricing of short-dated CLOs. Palmer Square and BlackRock both priced CLOs with one-year reinvestment periods, and Nuveen printed a Symphony CLO with a two-year reinvestment period.

CLOs at a glance
Recent CLO pricings

KKR prices third US CLO this year
Bank of America arranged a new USD 402.7m deal US CLO for KKR yesterday