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CSAM pairs with Natixis for first time with tight US CLO
2 years ago
Credit Suisse Asset Management priced one of the tightest new US CLOs of the year on Friday, with its new deal, named Madison Park Funding LIII -
Blackstone resets 2019 CLO at huge $736 million
2 years ago
Blackstone Credit has priced a $736 million reset of its 2019 CLO Beechwood Park -
Nuveen prints one of February's tightest new CLOs
2 years ago
Nuveen priced one of the year's tightest US CLOs on Friday, pairing with Bank of America on the new $506.5 million deal named Symphony XXXI -
Monroe prints first reinvesting mid market CLO linked to Sofr
2 years ago
Monroe Capital has become the second middle market CLO issuer to print a new deal in 2022 by teaming up with Deutsche Bank on Wednesday to print Monroe Capital MML CLO XIII at $456.5 million -
Global CLO trading lab: Payments season prompts equity to surge but short-dated bonds trade low
2 years ago
Over the last two weeks, $2.8 billion of US CLOs and €640 million of European CLO paper have appeared on b-wics, with equity making up 33% and 40% of the respective markets -
PGIM achieves tightest five-year CLO of 2022
2 years ago
PGIM on Thursday issued its first new CLO of the year, scoring the tightest liability pricing of any five-year reinvestment deal to date this year -
Invesco tightens triple As to 130bp with its second largest CLO
2 years ago
Invesco priced a new US CLO on Wednesday with the triple A notes paying 130 basis points over Sofr -
Carlyle and Oak Hill give $50 million upsizes to CLOs amid resets
2 years ago
Carlyle Group and Oak Hill Advisors each reset a legacy CLO on Monday, with both managers opting for a substantial upsize of the original deals -
Neuberger Berman prints new CLO triple As at 130bp plus Sofr
2 years ago
Neuberger Berman priced its first Sofr-linked CLO on Friday -
Blackstone prices triple As at 130bp in five-year US CLO reset
2 years ago
Blackstone Credit on Thursday became the second manager to price a five-year reinvestment CLO referencing Sofr by resetting its 2019 deal named Allegany Park -
Neuberger Berman steps into the unknown as it launches first CLO with full Sofr stack
2 years ago
Neuberger Berman is marketing its first CLO of 2022, which is thought to be the first new issue deal to launch referencing Sofr across the capital structure -
CLO 2022 Outlook: 2021 is hard act to follow, but CLO buyers have positives aplenty
2 years ago
New CLO issuance in 2022 will remain elevated but below 2021’s record numbers, banks agree. But there is no consensus among strategy desks on the volume of repricings to come, partly due to the unknown impact of the Sofr transition. -
Unique Onex CLO draws in ABS crowd with replenishment structure
2 years ago
Onex Credit Partners struck a compromise between debt and equity investors last week when it created the first CLO to feature a replenishment period, according to market sources. Creditflux analysis of the CLO's execution suggests it was well recieved. -
Onex issues rare short-dated CLO structured with replenishment period
2 years ago
Onex Credit Partners has issued an unusual short-dated CLO that utilises a replenishment period as opposed to a reinvestment period -
CLO lower cap stack will outperform with $175bn new issuance in 2022: JP Morgan
2 years ago
Equity and lower rated tranche investors will do best as $175 billion of global new CLO issuance arrives in 2022, predict JP Morgan strategists in their annual outlook, taking market size to $1.2 trillion -
Sofr transition timing puts CLO debt and equity at odds, says BNP Paribas
2 years ago
CLO investors look to have tough conversations ahead on the structure implications of the transition from Libor to Sofr, with BNP Paribas strategists noting CLO debt will benefit from an early move while equity tranches would do better to wait -
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 -
Palmer Square's Euro CLO AUM rockets to €1.8 billion in just 14 months
2 years ago
Palmer Square Capital Management has kept strong momentum with its European CLO ambitions after pricing its second European static CLO of the year on Friday via JP Morgan -
AMMC lowers 2020 CLO funding costs by 48bp with refi
2 years ago
American Money Management Corporation refinanced its late 2020 CLO AMMC 23 on Wednesday, lowering the deal's funding costs by 47.99 basis points in the process -
113bp is US CLO triple A spread to beat as CSAM matches market-tight print
2 years ago
Credit Suisse Asset Management's sixth CLO of 2021 priced on Friday, with the firm securing a market-tight triple A print of 113 basis points over Libor -
Investcorp leaves double A tranche untouched in Euro CLO partial refi
2 years ago
Jefferies reworked the 2019 deal’s triple A, single A and triple B tranches in a €329.5 million transaction, leaving the double A-rated tranche untouched -
Carlyle and Fort Washington add to surging CLO refi volume
2 years ago
Carlyle Group and Fort Washington has each refinanced a 2019 CLO at over $500 million -
Nomura gets to work on biggest CLO mandate to date with Blackstone new issue
2 years ago
Blackstone Credit is working on its eighth new US CLO of the year with the world’s largest CLO manager assigning arranging duties to Nomura -
Octagon slashes 55bp from CLO funding costs by resetting 2020 deal
2 years ago
Octagon Credit Investors has priced the reset of its 2020 deal Octagon Investment Partners 46 by partnering with BNP Paribas. -
Global CLO trading lab: Equity supply spikes as investors go long
2 years ago
CLO equity returned to the secondary market in a big way last week, after a month of very little visibility, with $118.3 million of US CLO and €44.9 million of European CLO subordinated notes on sale
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