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Golub resets 2019 vintage middle market CLO
2 months ago
Golub Capital Investment Management reset Golub Capital Partners CLO 46 last week -
European CLO primary spreads still have a long way to go
4 months ago
Are European CLO spreads in the primary market cheap or expensive? Our latest research shows that while US managers can celebrate AAAs reaching the 150s, in Europe spreads still have a long way to go to reach historical norms. -
Landmark new CLOs from Barings and Oak Hill pull triple A spreads to 175bp
1 year ago
Barings and Oak Hill Advisors priced new CLOs on Wednesday, securing the tightest triple A debt spreads since June last year in the process -
TCW issues new CLO from its Jefferies strategic partnership
1 year ago
TCW Group has priced its fifth CLO under its strategic partnership with Jefferies -
BlackRock CLO establishes 150bp new US triple A benchmark
2 years ago
BlackRock has priced a new CLO named Magnetite XXXIII, placing the deal's triple A notes at 150 basis points over Sofr -
US CLO triple As end week at 154bp as Napier Park and Rockford Tower print deals
2 years ago
Napier Park Global and Rockford Tower Capital Management priced new CLOs on Friday, with each manager printing their triple A notes at 154 basis points over Sofr -
Ivy Hill resets 2014 mid market CLO and upsizes by $140 million
2 years ago
Ivy Hill Asset Management reset Ivy Hill MM IX-R via Natixis on Monday, upsizing the 2014 CLO by $139.8 million including $33 million of fresh equity capital -
Mid market CLO league tables: Late flurry takes Wells Fargo top as Golub leads again with records tumbling
2 years ago
For the second year in a row, and for a fourth time in five years (when Creditflux’s CLO league tables began), Golub Capital and Wells Fargo finished atop the manager and arranger mid market CLO league tables, respectively -
US bank emerges as big buyer of CLO loan tranches
3 years ago
A US bank has taken an unusual approach to investing in CLO tranches on its way to becoming one of the big buyers of US triple A-rated CLOs this year -
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 -
AGL prices five-year reinvestment CLO to reach $3.7 billion issuance in 2020
3 years ago
AGL Credit Management has reached $3.73 billion new issue CLO volumes for 2020 by pricing its seventh deal of the year, named AGL CLO 9 -
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 -
CLOs seek ways to work around warf restrictions
4 years ago
Corporate downgrades leading to par haircuts in CLOs have been a primary focus for CLO investors since the start of the coronavirus-induced crisis. But one of the side effects of rating actions has been a rise in weighted average rating factor test failures -
Beneath the triple C: mighty CLO buckets from Akorns grow
4 years ago
Rating agencies went on a downgrading spree in February, with Moody’s and Standard & Poor’s cutting 20 corporate names to triple C or below – affecting $2.78 billion of paper in US CLOs and €316.6 million in European CLOs. -
Global CLO b-wic round-up: secondary market awakens with control equity bonanza
4 years ago
Four anchor positions made available on secondary market as equity accounts for over a third of all volumes. -
Global CLO b-wic round-up: 71% of equity positions trade as supply picks up
4 years ago
The European and US secondary CLO market took a step back this week as the primary CLO generated $7.8 billion of deal flow globally -
Deutsche AM's real estate division prepares second infra CLO
4 years ago
RREEF America, a subsidiary of Deutsche Asset Management that invests in commercial real estate, is readying a new securitisation backed by project finance assets named RIN II -
CLO pipeline: newcomer emerges with unusual transaction
4 years ago
The US CLO pipeline continues to fill up, with 20 new issue US CLOs featured and another 17 deals set to be refinanced. -
CLO pipeline: deal flow picks up as Amherst and SocGen work on mandates
4 years ago
This week’s CLO pipeline looks very healthy in the US broadly syndicated loans CLO market with Amherst Pierpont and Societe Generale among the firms working on mandates -
CLO pipeline: new business and manager returns add ray of light as arbitrage clouds the picture
5 years ago
The near-term CLO pipeline is shrinking amid familiar cries that the equity arbitrage is challenging. Adding to constraint fundamentals, the usual summer torpor is also approaching. -
CLO pipeline: Black Diamond looks to brush itself off and jump back in ring after year out
5 years ago
Black Diamond Capital Management features twice in our CLO pipeline this week, as the firm is planning a return to both the European and the US CLO market. -
CLO pipeline: managers decide there's no point hanging about with quick-fire CLOs
5 years ago
The CLO pipeline for the coming week shows signs of decent flow as managers ready themselves to offload deals. -
ICG prints its third new US CLO of the year in $405 million deal
5 years ago
Intermediate Capital Group has priced its third new US CLO of 2018 with sources indicating that the firm priced ICG US CLO 2018-3 yesterday via Morgan Stanley -
Large CLO manager hires JP Morgan to reset 2014 vintage transaction
5 years ago
The CLO reset wave in advance of the July payment date is in full swing, with a large CLO manager renewing a 2014 vintage deal for a further five years of reinvestment -
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
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