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Two managers reset huge 2017 CLOs, boosting supply by $2.25 billion
2 years ago
Ares Management and CBAM have each priced resets of CLOs issued in 2017, adding $2.25 billion of supply to the market -
2019 CLOs get refi treatment as CBAM and Eaton Vance print
3 years ago
CBAM and Eaton Vance are the latest CLO managers to refinance legacy transactions, taking to the primary market to cut the funding costs on their 2019 vintage deals named CBAM 2019-10 and Eaton Vance 2019-1 -
CBAM joins JP Morgan on $407 million first new CLO of 2021
3 years ago
CBAM printed its latest CLO via JP Morgan on Friday, naming the deal CBAM CLO 2021-14 -
CLO pipeline: snow business like the CLO business
3 years ago
CLO issuers are putting aside the cold snap and are warming up with a flurry of deals. -
CBAM prices first five-year CLO since March sell off
3 years ago
CBAM has priced a second US CLO post-covid and its first with a five-year reinvestment period -
CLO pipeline: LCM switches arranger to complete deal and join issuance surge
3 years ago
Over $3.5 billion of global CLO issuance priced last week and managers in all three CLO markets are taking advantage of tightening spreads across the capital structure after three major covid-19 vaccine breakthroughs and increased confidence since the US presidential election -
European CLO leverage battered
Average leverage in European CLOs has dropped to 8.1 times debt to equity since April3 years ago -
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 -
MUFG refis fixed rate tranches in two US CLOs
3 years ago
Mitsubishi UFJ Financial Group refinanced fixed rate tranches in CLOs managed by CBAM and Invesco yesterday -
US CLO league tables: refis return as Apollo and Citi maintain leads
3 years ago
US CLO monthly issuance rose above $8 billion in July for the first time since the coronavirus pandemic wreaked havoc across the globe -
CBAM returns to US new issue CLOs with highly unusual twist
3 years ago
CBAM on Monday made its return to the US CLO new issues, pricing one of the market's most unusual transactions following the coronavirus outbreak -
Loan slump brings managers closer
3 years ago
A 19% slide in new US loan volumes last year has left CLO managers with fewer options in the primary market, and portfolio overlap between US managers has increased to 35.3% on average -
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 -
Global CLO b-wic round-up: double Bs lead the way as rally endures and drags equity with it
3 years ago
The CLO secondary market continued its hard rally last week as prices rose across the whole asset class with double B rated CLO bonds leading the charge tighter -
Secondary CLO triple As slump below October levels
4 years ago
The secondary CLO market is showing no sign of stopping the rut with triple A rated paper in European and US markets displaying more weakness -
CBAM plans expansion with new $60 million credit facility
4 years ago
CBAM has closed a $60 million credit facility to refinance a working capital facility to its parent company Eldridge Industries -
CBAM approaches $10 billion in CLO volume as 11th new issue prices
4 years ago
CBAM has priced its eleventh new CLO, bringing its overall volumes to $9.88 billion, according to market sources -
Credit funds at a glance
4 years ago
A round-up of fundraising and people moves in credit -
CBAM set to price third new issue CLO of the year
4 years ago
CBAM is marketing its third new issue CLO of 2019 and its second consecutive deal arranged by Citi, according to market sources -
Axa IM promotes global head of loans and private debt following Levilain departure
4 years ago
Axa Investment Managers has promoted a new global head of leveraged loans and private debt to fill the vacancy left by Jean-Philippe Levilain, who has left to join CBAM -
CLO managers cash in their chips as Caesars trade pays off
4 years ago
Caesars Entertainment was the most sold issuer in June with $158.8 million of its term loan sold out of CLOs. -
Healthcare hits top of US critical list in slower month
June was the first month in a long while in which healthcare brought the greatest number of US bankruptcies, but the largest single debtor was Legacy Reserves, an oil and gas company4 years ago -
CLO managers process Fusion bankruptcy implications
4 years ago
12 CLO managers hold $185.2 million exposure to the debt of the cloud services company, which filed for Chapter 11 bankruptcy -
Controlling equity stake in 2018 CLO fails to trade in secondary market
4 years ago
Over 90% of an equity tranche from a 2018 Sound Point Capital Management CLO was available on b-wic yesterday but failed to trade -
Global b-wic round-up: US CLO equity continues its surge
4 years ago
Last week marked the third straight week that the US CLO secondary market has seen total listings of under $600 million, but over a quarter of that was equity.
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