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The US CLO market is a story of investors re-engaging, conference hears
1 day ago
A keynote panel of industry heavy-hitters delivered insights into the state of the US CLO market for the duration of 2024 and beyond at Creditflux’s annual CLO Symposium last week -
Nuveen refinances three tranches of a 2015 vintage
14 days ago
Nuveen Asset Management on Monday refinanced three tranches of a 2015 BSL CLO, in a deal arranged by Mizuho -
2015 vintage US CLO gets a refi
15 days ago
Voya Alternative Asset Management has refinanced the top three tranches of a BSL CLO with a complicated history -
Ares reissue gets a refi
18 days ago
Another (arguably) 2013 vintage CLO came back to the market on Friday in a refinancing of a 2018 reissue -
Deutsche Bank upgrades European new issue forecast
1 month ago
Deutsche Bank has upgraded its European new CLO issuance forecast for 2024 to a total of EUR 37bn -
Marble Point refinances late 2020 vintage US deal
1 month ago
Marble Point Credit Management priced a refi of four tranches of Marble Point CLO XIX last week -
US CLO refis keep coming as static deal comes out with triple As at 110bps
2 months ago
Palmer Square refinanced a 2022 vintage static US CLO from late in the COVID era. In the process it printed the tightest spread seen in a US refi so far this year. -
Sound Point refinances 2018 vintage Blue Mountain CLO
2 months ago
BlueMountain has printed a partial refi of BlueMountain CLO 2018-3, the latest in a trend of similar 2018* vintage restructurings this week that included Carlyle and Octagon -
Churchill adds new private credit CLO to roster
3 months ago
While most market attention in recent weeks has been on the BSL side of the ledger, Churchill announced the pricing of a new USD 298.06m middle market transaction on Friday, the third CLO from Nuveen Churchill Direct Lending Corp and its first of 2024 -
BofA and Fidelity team up on 2019 US reset
3 months ago
Boston-headquartered Fidelity Investments, last week priced the reset of its 2019-vintage Ballyrock CLO 2019, arranged in partnership with Bank of America -
CSAM and Sixth Street launch CLO funds
11 months ago
Credit Suisse Asset Management and Sixth Street Partners are the latest firms to raise CLO funds -
US CLO pipeline: Spreads and tenors disperse as six managers eye new issues
1 year ago
Dispersion has come to the fore in the US CLO market with higher tier managers able to price their triple As in the 180-185 basis points range and others up around 200bps. But this week’s pipeline shows there is some divergence in the length of CLOs coming to the market too -
CLO M&A hits new heights with anticipated Assured deal
Last year saw a record M&A volume centred on credit asset managers, with a study by Gapstow revealing the total assets under management of acquired firms was $326 billion, compared to $140 billion in 2021. -
US CLO pipeline: busy January sets the tone for the year
1 year ago
US CLO new issuance in January has exceeded 2022’s volumes with $6.4 billion priced last month compared to $4.6 billion last year, and the market is showing no signs of slowing down -
US CLO pipeline: Oak Hill aims for tightest triple As since July, as other CLO markets at 245bp
1 year ago
Nine US CLO managers are in various stages of marketing their latest CLOs, and while Oak Hill is seeking a benchmark-setting deal, there are other CLOs that are expected to price well wide of this -
Beneath the triple C: Life could be better, but it’s just a letter, under the CCC
1 year ago
Many market participants were eagerly looking forward to a break in December after a gruelling year, but the rating agencies were in no mood to oblige. -
US CLO pipeline: Triple A dispersion coming to fore as Palmer Square aims to open market again
1 year ago
The US CLO market is set to reopen with five managers in various stages of marketing new issue CLOs, according to sources -
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. -
Euro CLOs have better 2023 entry point than US in $140 billion issuance year: Barclays
1 year ago
CLO performance and issuance may have to wait until the second half of next year for improvement, say Barclays credit strategists in a 2023 outlook piece. But Europe could fare better than the US given starting levels in a year the market faces some challenging regulatory hurdles -
Golub becomes 2022's largest mid market CLO issuer by deal volume
1 year ago
Golub Capital Partners has become the year's largest issuer of middle market CLOs by pricing its third transaction -
Palmer Square prices largest BSL CLO transaction of the year
1 year ago
Palmer Square Capital Management has priced the largest CLO transaction backed by broadly syndicated loans of the year to date -
US CLO pipeline: new faces appear amid tightening price guidance
1 year ago
After many months, the US CLO pipeline is bursting with new life as two debutants market their inaugural deals – Empower’s Empower 2022-1 and Muzinich’s 1988 CLO 1 -
Fast-growing manager launches $406 million captive CLO equity fund
1 year ago
The fast-growing credit boutique has become the latest manager to launch a captive CLO equity fund, giving the firm the ability to control the pace of its CLO issuance -
Lenders fume over Avaya ebitda miss weeks after issuing loans
1 year ago
Avaya’s lenders are considering legal options after the company slashed its ebitda projections just a few weeks after issuing a $350 million term loan paying Sofr plus 1,000 basis points -
Large US manager closes third captive CLO equity fund
1 year ago
The $140 million fund is anticipated to invest in over five of US CLOs
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