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Middle market issuance continues with Deerpath deal
5 months ago
Deerpath Capital Management has priced its second new middle market deal this year, a transaction valued at USD 353.65m featuring three fixed-rate tranches -
Blue Owl prices latest MM CLO
6 months ago
American private credit specialist Blue Owl yesterday priced its fifth new deal of the year, market sources said, in a USD 397.3m US transaction arranged by Société Générale -
AGL prices new transaction from 'core' shelf of low levered CLOs
9 months ago
AGL Credit Management priced a new CLO with super low leverage on Friday, the first new issue from its 'core' series of low levered deals since 2021 -
Beneath the triple C: Life could be better, but it’s just a letter, under the CCC
1 year ago
Many market participants were eagerly looking forward to a break in December after a gruelling year, but the rating agencies were in no mood to oblige. -
Beneath the triple C: Winter is coming for CLOs as downgrades outstrip upgrades
1 year ago
Both US and European issuers have felt downward pressure from the rating agencies as we head towards the end of the year, with downgrades to triple C now firmly outpacing upgrades out of it. -
Nuveen prints short-dated US CLO
1 year ago
Nuveen Asset Management priced a new CLO on Monday, becoming the second manager of the day to print a three-year reinvestment deal's senior triple A notes at 230 basis points over Sofr, although without disclosing discount margins -
Beneath the triple C: US CLOs take a dip in the triple C as Europe watches from the sun lounger
1 year ago
The US CLO market bore the brunt of downgrades to triple C in July and August, with a total of $6.22 billion of paper affected. European CLOs enjoyed a more relaxing summer holiday, with only 1 name representing €33.88 million worth of bonds downgraded to triple C. -
Flurry of US CLOs print as Barclays boosts CLO issuance with Brigade and Bain deals
2 years 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 -
Franklin makes it back to CLOs as parent company looks to issue through two channels
2 years ago
Franklin Advisers has made a return to CLO management after 10 years in a deal arranged by JP Morgan -
Angelo Gordon keeps hold of mezz tranches with mid market CLO
2 years ago
Angelo Gordon has moved into middle market CLOs by printing its first deal backed by loans to middle market companies. The firm retained all junior and mezzanine liabilities in a deal that appears not to carry a public rating -
Trinitas partially refinances 2016 CLO via Natixis
3 years ago
Trinitas Capital Management refinanced the triple and double A notes of its 2016 deal Trinitas CLO IV on Friday -
CLO pipeline: OFS to make comeback as 2020 absentees eye new issues
3 years ago
As liability spreads tighten day by day, the CLO pipeline is filling fast. 2020 absentees are joining the parade as four US managers and three European managers aim to return to the new issue market after taking a break of 12 months or longer -
Beneath the triple C: cinemas get clipped but default picture improves
3 years ago
14 corporate debt issuers were downgraded to triple C or below in October by Moody’s or Standard & Poor’s – hurting $3.15 billion of US CLO loans, €761.73 million of European CLO portfolios and $37.95 million of middle market CLOs loans, according to CLO-i. Cinema chains were among those to suffer last month -
Akorn falls into bankruptcy with $321 million planted in CLOs
4 years ago
CLOs hold $321.3 million of specialty pharmaceutical company Akorn’s debt, according to the latest trustee reports from CLO-I, with the firm having filed for chapter 11 protection in the US District Court for the District of Delaware yesterday -
Beneath the triple C: $1 billion of CLO credits take a dive
4 years ago
$957.9 million worth of loans held by CLOs suffered downgrades to triple C last month, with a further $442.1 million of existing triple C credits getting knocked lower still, according to the latest trustee reports on CLOi. -
Global CLO b-wic round-up: control stake trades as junior notes come to the fore
4 years ago
The European and US CLO secondary markets produced high volumes of junior and subordinated notes last week. Over 30% of listings were rated as equity, single B or double B. -
Global CLO round-up: it's time to rethink benchmarks
4 years ago
The CLO market broke out of holiday mode last week by presenting strong issuance on both sides of the Atlantic - $2.8 billion in the US and €1.6 billion in Europe. High volumes have brought with them bigger shifts in market dynamics. This week put the focus on tightening spreads, as benchmark triple A levels dipped. -
Florida-based manager revives plan for rare emerging markets CBO
4 years ago
RVX Asset Management has launched an unusual securitisation backed by emerging markets debt, according to market sources -
US CLO round-up: dropping anchor (investors) brings CLO spreads tighter
5 years ago
Syndication was the theme of the week across the global CLO market last week as managers and arrangers presented deals which were sold to a more diverse group of investors than has been the case for most of this year. -
US CLO round-up: managers flock back to market in Groundhog week
5 years ago
The CLO market picked up where it left off as a variety of managers flocked to the primary market with new deals. There were some events which led us to believe that things were on repeat, with managers synchronising their issuance, more examples of structural innovation and PGIM pricing tight (again) -
Sound Point opts for fixed rate triple As with latest US new issue CLO
5 years ago
Sound Point Capital Management priced a $608.15 million new issue CLO on Friday named Sound Point CLO XXIII -
Canyon and BAML unite for second consecutive CLO new issue
5 years ago
Canyon Capital is in the market with its second consecutive CLO arranged by Bank of America Merrill Lynch -
CRE CLO prices at record tights
6 years ago
A new CRE CLO issued by Resource Capital Corp has achieved the tightest pricing since the crisis -
US CLO spreads sail dramatically tighter as Carlyle prices triple As at 118bp
6 years ago
The US CLO market seems to have caught a second wind with triple-A spreads getting pushed tighter after Carlyle Group priced a $613 million deal on Friday -
Allstate's CLO issuance is in good hands as manager prices $410 million deal
7 years ago
One of the most patient and consistent CLO managers, Allstate Investment Management, has priced its latest US CLO
25 results found Showing page 1 of 1
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