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CLO pipeline: primary tightening opens door for CLO managers to print new issues
3 years ago
The CLO primary market is hitting a fast pace as it enters the last quarter of 2020. Last week brought a surge of new issuance as 11 US, two European and one mid market CLO manager priced their latest transactions -
CLO pipeline: managers prepare to end quarter with a bang
3 years ago
CLO issuance is showing no signs of slowing down as spreads continue to grind tighter and election day draws ever closer -
CLO pipeline: managers large, small and new ready to price in post-Labour Day surge
3 years ago
US managers are preparing a wave of new issue CLOs in the coming days, as the usual post-Labour Day pricing surge comes to fruition even in this most unusual of years -
Barings brings CLO market tighter with first new issue of 2020
3 years ago
Barings has priced its first regular way new CLO of 2020, and pulled the market a little tighter in the process. The manager teamed up with JP Morgan to print the $350.05 million deal, named Barings CLO 2020-1 -
Oak Hill refinances fixed rate notes from 2012 CLO
3 years ago
Oak Hill Advisors has refinanced the double A notes of its oldest CLO, OHA Credit Partners VII, which originally issued in 2012 -
Five Arrows prices same-day CLOs in US and Europe for first time
3 years ago
Five Arrows Managers broke new ground on Friday after pricing two CLOs on one day for the first time in its history -
OC health check: all quiet on the overcollateralisation front
3 years ago
Eight US broadly syndicated loan CLOs reported overcollateralisation test breaches last week during a quiet reporting period in which only 40 CLOs published a trustee report, according to CLO-i, but focus is turning to the swathe of CLO distributions coming due. -
Beneath the triple C: downgrades hold steady as Travelport loses its luggage
3 years ago
For the second month in a row downgrades to triple C steadied, with just under $9 billion of CLO loans falling to this rating across 34 corporate borrowers -
CLO pipeline: break's over - time to print deals
3 years ago
The CLO market has taken a slight pause after the independence holiday in the US last weekend, meaning the CLO pipeline includes a backlog -
CLO pipeline: Managers prepare to build on momentum in July
3 years ago
The demand for new issue CLO paper is strengthening with eight US CLOs, one mid market CLO and three European CLOs preparing to print in the coming days -
Bankruptcies mount with CLOs not on level playing field
3 years ago
Over $2.4 billion of CLO collateral has been caught up in bankruptcies since coronavirus-related volatility began, according to CLO-i. Bankruptcies are not a level playing field for CLOs - and although documention ammendments on what a CLO can or cannot do in a restructuring are not happening yet, sources say talks may arise in the future -
OC health check: US CLOs hit by new round of test failures
3 years ago
135 deals breached an over-collateralisation test last week, 78 for the first time, according to the latest trustee reports from CLO-i. -
Global CLO b-wic round-up: triple A volumes hit nine-year highs, but equity valuations could be "single digits"
4 years ago
Over $2.5 billion of US CLO paper listed in b-wics in last week's manic trading, with a further €435 million of European CLO bonds also on sale. CLO buyers and sellers turned to the safest part of the capital structure – the triple A rated notes – and away from its most illiquid asset class, with no equity bonds listed in either market -
Raymond James scores first arranging credit with Deerpath CLO
4 years ago
Deerpath Capital Management has priced its second CLO backed by loans to middle market companies as Raymond James scored its first CLO arranging credit as co-placement agent -
Zais markets short two-year CLO via Goldman Sachs
4 years ago
Zais Group is in the market with Goldman Sachs with its latest new issue CLO -
Highland files for bankruptcy
4 years ago
Highland Capital Management filed for Chapter 11 bankruptcy in the Bankruptcy Court in the District of Delaware (Docket No. 19-12239) -
Arrowmark resets 2017 middle market CLO
4 years ago
Arrowmark Colorado Holdings teamed up with Goldman Sachs on Friday to price a reset of its 2017 middle market CLO known as Peaks CLO 2 -
US CLO round-up: what’s the benchmark these days?
5 years ago
They price at 112bp, they price at 126bp. They price at 116bp, they price at 123bp. They are US CLO triple As and they are pricing everywhere at the moment. -
RBC prices $509 million risk retention-compliant CLO for MJX
5 years ago
MJX Asset Management has priced more than $5 billion worth of CLO paper in 2018 following the launch of Venture 34 yesterday. The US deal is expected to comply with European risk retention rules -
B-wic round-up: above par bids flood in for CLO double Bs
6 years ago
$401.43 million worth of CLO paper was available via b-wics last week out of which $378.23 million (94.2%) traded, according to CLO-i -
New York firm becomes 2017's 140th active CLO manager
6 years ago
The manager priced a $340.27 million middle-market CLO yesterday, according to market sources -
CLO round-up: it's a good time to be a debut manager
6 years ago
New managers are taking advantage of welcoming debt investors by speedily raising CLOs. Our analysis shows that 2017 is the perhaps the best time to price a debut CLO since 2013 -
Jefferies hires Jefferies for latest revolver CLO
6 years ago
New CLO prices and it all revolves around Jefferies. The firm's various subsidiaries have been involved in the transaction as arranger, manager and investor -
HPS sets new benchmark for CLO triple A pricing after resetting 2014 deal
6 years ago
Senior US CLO spreads continue to grind tighter with HPS Investment Partners yesterday resetting a 2014 deal and in the process achieving a 118 basis point print on its triple As -
Apollo to exit 1.0 era with a bang as it prepares CLO redemption
7 years ago
Apollo is preparing to redeem the last of its outstanding 1.0 CLOs
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