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US investors welcome flurry of CLO new issues
1 year ago
The UK may have been off from Thursday for the Jubilee holiday, but in the US the primary CLO pipeline proceeded apace with several new issues hitting the market before Friday’s close -
CSAM does the CLO awards double
1 year ago
Winning the Creditflux Manager of the Year award is a feat in itself. Winning it back-to-back in such different markets is an outstanding achievement — and CSAM can take great pride in it -
Flurry of US CLOs print as Barclays boosts CLO issuance with Brigade and Bain deals
1 year ago
Barclays has brought over $906 million of issuance to the market, printing deals for Bain Capital Credit and Creditflux’s newly crowned US CLO manager of the year Brigade Capital Management -
CLOs at a glance (May 2022)
1 year ago
A listing of CLOs that have priced in the last month
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CIFC prices fourth US CLO of year while Bain prints third
2 years ago
CIFC Asset Management and Bain Capital Credit each priced a new CLO on Wednesday, with the two deals totalling over $1 billion in new issuance -
Sofr, so complicated
2 years ago
At Creditflux’s US CLO Summit debate centred on Libor and Sofr. Hot topics included tenors, Libor floors being out-of-the money and investors changing their views on spread adjustments -
CLOs at a glance (April 2022)
2 years ago
A listing of CLOs that have priced in the last month -
Bain goes subject on new US CLO with senior triple As at 142bp
2 years ago
Bain Capital Credit is close to pricing its third US CLO of 2022 -
Market participants split over biggest risk to CLOs: Creditflux US CLO Summit
2 years ago
There are potential threats to the CLO market from all angles, but during a lively opening panel at Creditflux’s US CLO Summit on Tuesday – the first CLO conference to be held in New York since the pandemic – speakers responded to a poll showing 67% of audience members felt inflation/rising interest rates was the biggest hazard -
Jefferies CLO official lands at Bain as head structurer
2 years ago
Bain Capital Credit has hired a New York-based head structurer from Jefferies -
Bain achieves strong triple A execution on second US CLO
2 years ago
Bain Capital Credit priced its second US CLO of the year on Friday, with strong triple A execution on the $606.2 million deal -
Bain and CSAM each reset a late 2019 CLO with senior triple As yielding 135bp
2 years ago
Bain Capital Credit and Credit Suisse Asset Management each reset a CLO from late 2019 on Friday, with both deals placing their senior triple A tranches at 135 basis points over Sofr -
Bain navigates market volatility with new US CLO
2 years ago
Bain Capital Credit priced its first Sofr-linked CLO on Thursday, despite a backdrop of sharply widening credit markets -
CLO managers show respect to their elders
2 years ago
Alongside lucrative new issues, managers also make time for refinancing and resetting old deals. Our data shows that, in 2021, mid-sized firms were the most effective at this balancing act -
CLOs at a glance (January 2022)
2 years ago
A listing of CLOs that have priced in the last month -
Bain and Columbia add $840 million to CLO reset supply
2 years ago
Bain Capital Credit and Columbia Management both reset a legacy CLO on Friday, adding $840 million to total supply -
Anchorage closes in on US CLO top 10 with bond-flex issue
2 years ago
The contest between managers for US CLO new issuance league table standing this year has tightened, with Anchorage Capital bringing a bond-flex deal that moves it closer to 10th placed Neuberger Berman -
Bain circles CLO market tights with new issue triple As at Libor plus 114bp
2 years ago
Bain Capital Credit priced its latest new US CLO on Tuesday with the triple A notes yielding just 114 basis points over Libor -
Bain and Blue Owl upsize middle market CLOs with resets
2 years ago
Bain Capital Credit and Blue Owl Capital each reset a middle market CLO on Monday, with both managers opting to upsize their vehicles without changing the equity tranche sizes -
Bain's 2021 new issue CLO volume rises to $2.9 billion with sixth deal
2 years ago
Bain Capital Credit on Tuesday priced its sixth CLO of the year, bringing its volume for 2021 up to $2.9 billion -
US CLO pipeline: Go long! Refis fall from favour as AMMC looks to join list of 2021 issuers
2 years ago
The only record left to fall this year in US CLOs is 2017’s refinancing total of $102.8 billion with the market $6.3 billion shy. Yet this segment shows little interest to break more records with the pipeline filled with new issues and resets as longer tenured deals are preferred. -
Investors behind CLO guarantees emerge as Assured wraps third deal
2 years ago
A bank and an insurer have emerged as the two investors behind Assured Guaranty’s financial guarantees of recent CLO trades. And Assured Guaranty has provided a guarantee to an investor on a third European CLO -
CLO reset surge extends with over $1.7 billion pricing on Friday
2 years ago
CLO reset supply was elevated for a second consecutive day on Friday as $1.7 billion priced across four deals -
New issues take a backseat as US CLO market absorbs three resets and a refi
2 years ago
CLO primary market activity was briefly diverted away from heavy new issue supply on Thursday and attention turned to resets and refinancings, with four deals printing in total -
Bain notches up fifth US CLO of 2021 with volumes passing $2.4 billion
2 years ago
Bain Capital Credit has priced its fifth new US CLO of the year, bringing its issuance volume for 2021 to $2.44 billion
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