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Refi wave gets bigger as Apollo and Neuberger reprice CLOs
4 years ago
The US CLO refi wave continues unabated with Apollo Global Management and Neuberger Berman pricing the 27th and 28th refis to hit the market in 2020, according to market sources, pushing volumes to $12.5 billion in the process -
Alcentra prices second CLO refi in eight days
4 years ago
Alcentra has refinanced its second CLO in eight days, as managers continue lining up to refinance 2017 vintage deals -
MUFG and CSAM adopt novel auction concept for upcoming CLO refi
4 years ago
Credit Suisse Asset Management and Mitsubishi UFJ Financial Group are taking a fresh approach to US CLO refinancings with sources indicating that the pair are joining forces to conduct a refi via an auction -
CLO refi love is strictly Taconic as US volume hits $10.8 billion
4 years ago
US CLO refinancing volume for 2020 climbed to $10.77 billion today as GSO Capital Partners priced the second refi of the year, according to market sources -
CLO market celebrates Valentine's Day by romancing with resets
4 years ago
Refinancings have been the talk of the month in the CLO market, but this Valentines day saw managers turn their minds to resets -
Neuberger Berman refinances 2014 US CLO
4 years ago
Neuberger Berman has become the seventh CLO manager to refinance a transaction this week, after teaming up with JP Morgan to rework 2014’s Neuberger Berman CLO XVII -
Seix upsizes 2016 CLO by over $100 million with reset via Mizuho
4 years ago
Seix Advisors has priced a $382 million CLO reset with triple A spreads coming in at 136 basis points over Libor -
Alcentra refinances US CLO via Nomura
4 years ago
Alcentra has priced a $435 million CLO refi via Nomura, according to market sources -
Nassau refinances 2017 CLO with senior triple As pricing at 115bp
4 years ago
CLO refinancings continue to be the flavour of the month as Nassau Corporate Credit priced a $261.3 million refi of its inaugural CLO named Nassau 2017-1 -
The Last Tranche with Octagon’s Lam: 2017 CLO refis and ‘no man’s land’ in loans
4 years ago
Spreads, investors and manager consolidation take focus in February's edition of The Last Tranche -
Spreads tighten as HPS adds to 2017-vintage CLO refis
4 years ago
Short CLO spreads tightened today as HPS Investment Partners refinanced a 2017 deal with the triple As printing at 103 basis points over Libor -
TCW follows debut AMR deal with tight-priced regular CLO refi
4 years ago
TCW Asset Management has priced a regular, old-fashioned CLO refinancing, having last month roadtested an Applicable Margin Reset feature for its first refi of the year -
Mariner surfs refi wave and chops 34bp off CLO debt
4 years ago
Mariner Investment Group had smooth sailing when it repriced four tranches of Mariner 2015-1 via JP Morgan -
CVC resets 2016 US CLO
4 years ago
CVC Credit Partners joined Credit Suisse Management in resetting a 2016 vintage US CLO via Barclays on Friday -
Flurry of US CLO refis takes year's tally to 16
4 years ago
Four US CLO refinancings took place on Friday, underlining that 12- to 18-month deals can price their senior liabilities in the low 100s -
GSO joins exclusive club of US CLO managers to price triple As under 100bp
4 years ago
GSO Capital Partners joined a select few US CLO managers that have priced a deal this year with triple As paying under 100bp -
CSAM repeats tested formula with largest CLO reset of 2020
4 years ago
Credit Suisse Asset Management returned to the CLO market on Friday after teaming with Barclays to price a reset of its 2016 vintage US CLO, Madison Park Funding XXII -
Apollo prices largest 2.0 CLO transaction
4 years ago
Apollo Global Management stunned the CLO market on Wednesday by pricing the largest transaction of the 2.0 era -
2020 US CLO refi volume passes $5.4 billion as Brigade and Bain price
4 years ago
US CLO refinancing volume this year passed $5.4 billion yesterday as Brigade Capital and Bain Capital together refinanced over $1 billion CLO paper -
Don’t be tempted by low debt costs — the key driver of performance in static CLOs is market timing
The development of a term curve in CLO debt does not necessarily make short tenor deals a good bet4 years ago -
PGIM refinances 2016 vintage CLO acquired from Columbia
4 years ago
PGIM has refinanced a 2016 vintage CLO it bought portfolio management rights for in 2018, according to market sources -
They said it: "Ticking time bombs"
4 years ago
In the article “We need to talk about high triple C/bond-heavy CLOs”, we asked the CLO market for consistency in how we describe triple C-heavy CLOs. One anonymous poster didn’t hold back. (We ended up selecting triple C-flex CLOs.) -
Landmark AMR auction drags CLOs into the digital age
4 years ago
The CLO market is set to witness its first digital refinancing as TCW Asset Management teams up with Kopentech to road test the latter’s applicable margin reset (AMR) platform, as Creditflux goes to press. -
Invesco is first manager to refinance late 2017 CLO
4 years ago
Invesco yesterday became the first CLO manager to refinance a deal that priced in the second half of 2017, according to market sources -
Carlyle revives amortising euro CLO with upsized capital structure
4 years ago
Carlyle Group has reset a CLO in the middle of its amortisation period, giving a new lease of life to the deal named Carlye GMS Euro CLO 2015-1
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