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Investors nod through wind up of 1.0 euro CLOs
6 years ago
CLOs may have weathered the storm of the financial crisis far better than other structured products, but the tally of CLO defaults is quietly growing -
Investors crystallise gains through liquidations
6 years ago
Refinancings and resets have dominated 2017, but CLO equity investors have found other ways to make strong returns -
Fitch rating outlook: CLO spread compression to continue in 2018
6 years ago
Spreads on new broadly syndicated loan (BSL) CLO notes rated AAA down to BBB will be further squeezed in 2018 -
Bids reach 87 cents for equity in re-issued CSAM CLO
6 years ago
A control equity stake in a 2017 CSAM CLO - which traces its roots back to 2007 - was up for sale via a b-wic late last month -
Changes to the US tax code could negatively impact CLOs
6 years ago
The amendments, which recently passed a vote in the US Senate, could have a negative impact on the CLO industry, according to Moody's -
Eagle Point backs manager's comeback deal as it adds $51 million of CLO equity
6 years ago
Eagle Point Credit Company added $50.8 million of CLO equity positions in the quarter ending September, according to an announcement by the publicly listed company yesterday -
Euro CLO round-up: KKR Credit prices record-setting CLO
6 years ago
Times are good for European CLO managers (on the liability side of things at least) with CLO spreads as tight as they have been since the rebirth of the market in 2013 -
US CLO round-up: trend-setting managers show 2015 refis are in fashion
6 years ago
The fourth-quarter CLO rush is well and truly in motion with $3.4 billion of CLO paper pricing in the US - and refis of 2015 deals are becoming increasingly important -
Euro CLO round-up: innovators and renovators rip out floors and refurbish deals
6 years ago
Barings and Cairn entered the CLO refi market this week to produce two transactions that will be remembered as pioneers in their field -
Halcyon prices its second CLO transaction in two days
6 years ago
Fresh from launching a new CLO with BNP Paribas this week, Halcyon has turned its attention towards refinancing a 2015 deal -
Golub's mid-market deals dominate US CLO performance ranking
6 years ago
Mid-market CLOs dominate our rankings of the best performing US CLOs in August with three deals from Golub Capital Partners featuring in our top 10 -
2017 PGIM deal tops ranking of best-performing European CLOs
6 years ago
A PGIM-managed 2017 deal, Dryden 48 Euro CLO, made its first equity distribution in August, with the €6 million payment pushing the deal to the top of our CLO performance rankings for the month -
Marathon leads the pack to top US CLO performance tables
6 years ago
Recently refinanced CLOs top our ranking of the deals with the highest equity distributions over the last week with Marathon Asset Management leading the way -
CLO manager shares details of vertical strip finance pricing
6 years ago
Vertical strips with some third-party financing have been perhaps the most popular way for CLO managers to tackle risk retention rules. One manager has disclosed details on just how much this financing costs -
Apollo notches up 100% CLO refi/reset record
6 years ago
It’s not easy being a large CLO manager and staying on top of the refi-reset market, but Apollo has managed to do just that -
CSAM scores rare double-digit final return for pre-crisis euro CLO
6 years ago
Credit Suisse Asset Management yesterday completed its first redemption of a European CLO, a rare deal that has made uninterrupted distributions to equity since before the crisis -
CLO buckets come good for unpopular CLOs-squared
6 years ago
A recently redeemed Highland CLO shows that CLO squareds have performed well despite the ratings volatility suffered by CLOs following the financial crisis. -
CLO investor trades out of low-coupon Ares triple As
6 years ago
A $30 million slice of the triple-A tranche of Ares XXVI was sold on Friday with market sources claiming that the stake sold above par with a cover of 100.05 -
Investors call time on Investcorp's 2006 European CLO
6 years ago
Investcorp Credit Management has redeemed the third European CLO the team launched when they were part of Mizuho in April 2006 -
CLO round-up: volumes spike as secondary market bursts into life
6 years ago
Junior CLO spreads are tightening in the secondary market amid an uptick in volumes. The primary market has not been slow this week either as CBAM launches a $1.25 billion and three other CLOs price on Friday -
Zais CLO equity attracts high price in secondary market
6 years ago
An investor, who had seen a Zais CLO return 100% of capital through equity distributions alone, has sold the top-performing CLO's equity notes -
Investors agree wind-up call for KKR euro CLO 1.0
6 years ago
Investors have approved a plan that will allow KKR Credit to wind down a poorly performing 2006 European CLO -
CLO round-up: Columbia and CSAM produce 100%-plus annualised distributions
6 years ago
Amidst the reset and refi environment, Columbia Management and Credit Suisse Asset Management have pleased the equity investors in their CLOs by delivering 100%-plus annualised payments in May -
CLO round up: manager tiering hits US market
7 years ago
New issuance volumes overtook those of refinanced deals in the CLO market last week. $1.63 billion of new issue printed in the US -
Libor switch adds to squeeze on CLO equity
7 years ago
An option at the disposal of loan issuers could give CLO equity investors a serious headache
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