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2022-vintage Apollo European CLO gets mezz-only refi
20 days ago
With four 2022-vintage CLOs being reworked in a single day, the anticipated boom in European reset and refinancing issuance kicked off in earnest on Friday -
Invesco prices mezz-only European CLO refi
20 days ago
Last Friday also saw the pricing of two unusual mezz-only refis. Jefferies arranging the reworking of one of them, Invesco Euro CLO VIII -
New short-dated CLO brings triple-As down to 132bps
2 months ago
New York Life priced a rare short-dated new-issue US BSL CLO yesterday as its latest offering in its Flatiron series, in an upsized transaction -
Global Loan Highlights 1Q24: Don’t call it a comeback
2 months ago
Loan refinancing share hits historic high, but IG issuance stymies YoY global growth -
NYL Investors keeps it short for 2020 reset
2 months ago
This week’s return of NYL Investors to the CLO market took the form of a short-dated reset of Flatiron CLO 20 -
PPM goes short-dated for US BSL reset
3 months ago
PPM Loan Management bucked the recent restructuring trend on Monday, choosing a short-dated reset for its PPM CLO 2 -
Debut manager makes second issuance a delayed drawing
3 months ago
One year after its European debut, Canyon Partners last week priced the delayed-draw tranche from that inaugural Euro CLO -
Unfunded single-B issuance steps up as Bridgepoint triggers class F note
4 months ago
Bridgepoint Capital Management this week became the latest in a string of managers to price a delayed-draw tranche in 2024 -
Dallas retirement system allocates USD 60m to credit funds
4 months ago
The Dallas Employees' Retirement Fund has allocated USD 60m to three separate credit funds as the Texas-based system grows its allocations to private credit and distressed debt -
Second European delayed draw tranche prices
4 months ago
Five Arrows Managers priced the delayed-draw single-B tranche of 2023’s Contego CLO XI on Thursday, marking the second such deal of 2024 -
European CLO market stirs as first refi of the year prices
4 months ago
BNP Paribas injected some life into the sluggish European CLO market on Monday with the first European refi of the year -
BofA and Fidelity team up on 2019 US reset
4 months ago
Boston-headquartered Fidelity Investments, last week priced the reset of its 2019-vintage Ballyrock CLO 2019, arranged in partnership with Bank of America -
New Mountain keeps it short for latest BSL CLO
4 months ago
New Mountain Credit has bucked the new year’s trend for five year reinvestment periods, with its USD 407m new issue this week marking 2024’s first short-dated new US BSL print -
KKR keeps it short-dated for latest reset
4 months ago
Morgan Stanley has priced the first short-dated deal of the year, with a USD 427.9m reset of the 2020 vintage KKR CLO 28 -
Apollo redeems ALME Loan Funding V CLO via BWIC
5 months ago
Apollo is the seller of the EUR 237m BWIC that was due on 16 January as it liquidated its ALME Loan Funding V CLO -
Connecticut Retirement Plans and Trust Funds commits more than USD 600m to credit manager
5 months ago
Connecticut Retirement Plans and Trust Funds has allocated approximately USD 625m to pension funds in the state's private credit portfolio -
Palmer Square liquidates 2022 CLO through BWIC
5 months ago
Palmer Square is the seller of a mammoth EUR 350m loan and bond BWIC portfolio that was auctioned last Thursday (4 January) as it has been winding down Palmer Square European Loan Funding 2022-3 -
PGIM pushes into the middle market with Windhill CLO 1
7 months ago
The latest in a brace of middle-market CLOs to hit the primary market this week was PGIM’s Windhill CLO 1, arranged by Natixis, which marked the manager’s debut in the middle market -
Private credit investors hail ‘golden age’ of rapid growth and low regulation
7 months ago
The “golden age” of private credit has arrived as investors take market share from banks, according to Scott Rosen, partner at Ares Management -
Lumen Technologies ad-hoc group preps competing proposal
7 months ago
The refinancing of Lumen Technologies, currently held by 1311 different CLOs with a combined principal balance of USD 3.8bn, took a new twist today as details of a competing proposal emerged -
Private credit's 'golden age'
7 months ago
The "golden age" of private credit has arrived, according to speakers at the IMN's ABS East 2023 conference -
Fidelity launches first European direct lending fund
8 months ago
Fidelity International has launched its first direct lending fund in Europe with a loan to Dutch dental services firm Clinias Dental Group -
T. Rowe and Oak Hill launch new BDC
8 months ago
The BDC is another indication of the growing demand for access to private credit funds from individual investors -
Lumen Tech downgrade leads to estimate that 9% of CLOs could breach OC tests
9 months ago
One of the most widely held names in US CLOs was downgraded in August. S&P carried out a two-notch downgrade of Lumen Technologies on 16 August from B to CCC+ -
HPS teams up with Bank of America to print its second middle market CLO
9 months ago
HPS Investment Partners has teamed up with Bank of America to print a middle market CLO named HLEND CLO 2023-1, its second entry into the private credit CLO space
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