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European CLO round-up: senior spreads grind tighter in busy week for the market
5 days ago
Last week proved a busy one for European issuance, with no fewer than five deals pricing, all with AAAs below 150bps -
Anchorage prices first European CLO this year
5 days ago
Engaging in its first primary market activity in Europe this year, Anchorage Capital priced a new-issue CLO on Friday -
New US CLO from Centerbridge prices
6 days ago
Thursday saw Centerbridge issue its first deal of the year, with an impressively tight print underlining a successful return to primary market activity -
2017 vintage CLO is reset by Napier Park
12 days ago
Napier Park reworked one of the older deals in its current portfolio this afternoon when it priced a reset of Regatta X Funding -
Diameter reaches tier one with new US BSL CLO
13 days ago
Diameter CLO Advisors on Tuesday priced a new US BSL CLO, the manager’s second new issue deal of 2024 -
Nuveen prices new US BSL CLO
13 days ago
Nuveen’s Symphony Alternative Asset Management priced a USD 378.70m new US BSL CLO on Monday. -
Bain prices eighth deal this year with triple As at 148bps
15 days ago
Bain Capital Credit notched its eighth deal of the year at the end of last week, with a half-billion-dollar new-issue US BSL transaction -
Sixth Street prices new CLO with triple-As at 148bps
18 days ago
Sixth Street has printed Sixth Street CLO XXV, a US BSL CLO with triple-A notes that priced at SOFR plus 148bps. -
Evidence of US triple-A spread tightening grows as CIFC prices at 148bps
27 days ago
CIFC Asset Management turned heads on Tuesday when it priced CIFC Funding 2024-III with triple-A notes that printed at SOFR plus 148bps -
Napier Park prices first European new issue CLO of the year
1 month ago
Priced this afternoon, Napier Park’s third deal of 2024 marked its first European offering this year – a new-issue CLO valued at EUR 456.9m, arranged by Natixis. -
Triple A delayed-draw structure helps European CLOs beat negative carry
1 month ago
The first quarter of this year saw a trio of unusual deals in the European market: new issues that include delayed-draw options on triple A coupons. It is the first time this facility has been seen on CLO triple A notes. -
European resets return as Carlyle reworks 2022 vintage deal
1 month ago
This week’s latest European CLO reset from Carlyle Group maintained the market’s trend so far this year for sub-150bps pricing levels -
RR ABS issuance continues as AB prices new deal
1 month ago
ABPCI has become the latest manager to price a recurring revenue 2024 ABS deal, a securitization of loans to high growth tech companies which sits somewhere between CLOs and ABS -
Europe sees another delayed-draw AAA as Onex prices
2 months ago
Onex Credit Partners became the third manager to bring to market a deal with a triple-A tranche in a delayed-draw format, when it priced OCP Euro CLO 2024-9 yesterday -
Fair Oaks makes punchy return to European CLO primary
2 months ago
Fair Oaks Capital returned to the primary market for the first time in two years, getting tight pricing on its Fair Oaks Loan Funding V -
Permira prices tenth European Providus CLO
2 months ago
Permira Credit threw their hat into the increasingly crowded European ring with their first deal of 2024 -
CVC keeps it tight for new European CLO
3 months ago
CVC Credit Partners hit a milestone on Thursday when it priced CVC Cordatus Loan Fund XXX, which matched this year's benchmark AAA spreads -
Blackrock breaks through 150bps barrier
3 months ago
BlackRock hit a significant milestone on Friday, matching the tightest new US print so far this year with its half-billion-dollar BSL CLO -
CIFC keeps the momentum going with fourth CLO this year
3 months ago
CIFC ramped up the pace of its primary market issuances on Thursday, issuing its fourth deal of 2024 with a new US BSL transaction arranged via Barclays -
European triple As drop below 150 as KKR prices new CLO
3 months ago
The somewhat limp activity in the European primary market so far in 2024 was given a kick along on Friday with the pricing of Avoca CLO XXIX, a new EUR 402.85m BSL CLO from KKR -
European CLO primary spreads still have a long way to go
4 months ago
Are European CLO spreads in the primary market cheap or expensive? Our latest research shows that while US managers can celebrate AAAs reaching the 150s, in Europe spreads still have a long way to go to reach historical norms. -
US CLO spreads continue to tighten as Oak Hill prints new deal
4 months ago
Prints in the primary CLO market continue to edge down even further, with Oak Hill Advisors last week setting a new triple-A benchmark at 148 bps over SOFR with its latest transaction, OHA Credit Funding 17 -
Axa ups the tempo for second European CLO reset this year
7 months ago
Europe saw its second CLO reset of the year last week as the 2022 vintage Adagio X was reset by Barclays -
US CLO pipeline: issuers takes credit sell-off in their stride as supply picks up
1 year ago
Despite the collapse of Silicon Valley Bank and Signature Bank in the last week, the CLO machine has continued to churn with just shy of $5 billion of US and mid market CLO issuance this week -
Weak opening for markets as BoE makes new intervention and Asia sell-off extends
1 year ago
In the absence of the US market on Monday for the country’s Columbus Day holiday, global markets have extended their bearish direction following US jobs numbers on Friday that point to further hawkishness in the outlook for rate hikes
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