OHA becomes latest US manager to reset 2018 vintage CLO
Oak Hill Advisors has reset a half-billion dollar CLO from 2018 in a deal arranged by Barclays

Neuberger Berman prices second new issue CLO of 2024
Neuberger Berman has printed a USD 558m US BSL CLO with eight debt tranches, including senior/junior splits at the triple-A and triple-B levels

CVC refinances 2016 vintage Apidos CLO XXV
CVC Credit Partners has priced a partial refinancing of Apidos CLO XXV. The USD 601m deal is the third-largest refinancing of 2024.

PGIM follow up on refi with a US new issue CLO
PGIM priced Dryden 119 this morning, a USD 402.10m BSL CLO in which three classes split into senior and junior tranches

US borrowers try again with high-water mark provisions
In the US, high-water marking of EBITDA was rebuffed back in 2022. But the concept has been used regularly in Europe and US borrowers are once again slipping it into credit agreements

Europe sees second CLO reissue of 2024 price
Fidelity Investments priced a European CLO reissue on Monday, according to market sources, following CVC's lead from last month

PGIM refinances two tranches of 2017 vintage US CLO
PGIM refinanced its Dryden 54 Senior Loan Fund yesterday, reworking the top two tranches of the pre-Covid era US BSL CLO

European CLO issuance continues with new Tikehau deal
The end of last week saw Tikehau Capital pricing its first deal in almost four months. According to market sources the new issue CLO was upsized from EUR 400m.

Nomura and Allstate pair up for one of the tightest new issues this year
Nomura and Allstate teamed up on Friday for the first time to price one of the tightest deals of the year

Oak Hill Advisors prints second new issue deal of 2024
Oak Hill Advisors printed a new US BSL deal on Friday, arranged by Morgan Stanley 

KKR chooses two year reinvestment period for latest BSL CLO
KKR priced KKR CLO45a last Friday, a short-dated 1Y/2Y USD 405.03m BSL offering

CVC keeps it tight for new European CLO
CVC Credit Partners hit a milestone on Thursday when it priced CVC Cordatus Loan Fund XXX, which matched this year's benchmark AAA spreads

Sculptor refinances four tranches of legacy OZLM IX
Sculptor completed a partial refi of OZLM IX on Friday, a legacy CLO dating back to 2014

Chenavari returns to European CLO market after two-year absence
Chenavari Credit Partners returned to the primary market on Thursday for the first time in two years with a new European CLO valued at EUR 409.5m

Octagon adds new life to 2017 vintage US CLO
Octagon Credit Investors has refinanced Octagon Investment Partners 31, a frequently refinanced deal dating back to June 2017.

Blackrock breaks through 150bps barrier
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
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

Blackstone prices second US new issue CLO of 2024
The world’s largest CLO manager Blackstone has priced its third US deal of the year, the USD 412.13m new issue Belmont Park CLO

Oak Hill and BofA reset 2017 vintage US CLO
Oak Hill Advisors became the latest manager this year to reach back into the pre-Covid era, last week pricing a reset arranged by Bank of America

Elmwood grows with giant USD 608m deal
Elmwood Asset Management priced its second new US deal in as many months on Thursday, as the New York-based manager further consolidated its busy 2023 with a super-sized USD 608.2m BSL issue arranged by Bank of America.

Rates are moving lower, which makes CLO equity look better versus loans
The latest edition of The Last Tranche podcast talked to new Octagon CEO Gretchen Lam about triple A spreads, CLO redemptions and whether investing in third-party CLO equity makes sense again

Alternative asset managers increasingly tapping wealth channel for private credit fundraising
Wealthy individual investors have become increasingly appealing to alternative asset managers looking to raise money for private credit funds as asset managers look to broaden fundraising beyond institutional investors

BNP Paribas continues reset wave with a 2018 vintage CLO
BNP Paribas has further consolidated a prolific month for its CLO arranging business with its latest role as sole arranger for the reset of a 2018 vintage US deal

AlbaCore joins European renaissance with new CLO
European credit specialist AlbaCore Capital priced its latest new-issue European CLO on Tuesday, its sixth deal in this asset class

European CLO market stirs as first refi of the year prices
BNP Paribas injected some life into the sluggish European CLO market on Monday with the first European refi of the year