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LCM shaves 27bp off 2022 CLO's funding costs following reset
1 year ago
LCM Asset Management reset its 2022 CLO named LCM 38 on Thursday, tightening the deal's original capital structure by 27.46 basis points -
New CLO reset from Elmwood has 2023's tightest capital structure
1 year ago
Elmwood Asset Management reset Elmwood CLO 19 on Tuesday, scoring the tightest liability pricing of the year for a five-year reinvestment deal in the process -
LCM readies its first CLO primary transaction of the year
1 year ago
LCM Asset Management is working with Deutsche Bank on its first CLO primary market transaction of 2023 which is expected to print next week -
Triple As tighten to 170bp as Ares resets 2022 CLO
1 year ago
Ares Management teamed up with JP Morgan on Monday to reset its 2022 deal named Ares CLO LXVI, with the triple A notes matching the tightest print of the year -
Audax becomes first manager of 2023 to reset a CLO
1 year ago
Audax Private Debt has become the first manager of 2023 to complete a CLO reset, teaming with Bank of America to rework its 2020 middle market deal named Audax Senior Debt CLO 4 -
CLO resets poised to return despite wide liability spreads
CLO onlookers are heralding the return of resets in 2023 in a boost to CLO primary market forecasts. -
Brightwood prices sole CLO reset in second half of 2022
1 year ago
Brightwood Capital Advisors reset its 2020 middle market CLO named Brightwood MM CLO 2020-1 on 21 December, in the process completing the only CLO reset in the second half of 2022 -
CLOs can weather a short recession, but maybe not a long one, conference hears
1 year ago
The US economy is likely to enter a recession in the first half of 2023, attendees at IMN's ABS East conference heard on Tuesday. While the severity of the downturn is unknown despite the Federal Reserve aiming for a 'soft landing', CLOs are well positioned to weather the storm - as long as the recession is contained in a relatively short period -
Short duration CLOs are putting reset risk in the post: Barclays
2 years ago
The CLO market’s recent trend of shorter duration issuance could be setting up a problem for managers down the line that will impact their equity returns, Barclays has warned -
Oaktree prints new US CLO while Deerpath resets mid-market deal
2 years ago
The US CLO market has added to its June transaction tally, with Oaktree Capital pricing a new issue while Deerpath Capital Management reset a 2018 vintage mid-market deal -
Loan buyers warned about rush of Sofr opt-in amendments
2 years ago
CLO managers must be mindful of loan amendments that facilitate a benchmark switch from Libor to Sofr, as they could find themselves buried in paperwork and locked into tight deadlines -
US CLO refis return with Angelo Gordon pricing first since February
2 years ago
Angelo Gordon refinanced its Northwoods Captital 22 CLO on Tuesday, completing the first successful CLO refi in two and a half months -
Euro CLO seniors firm up, but mezz widens as Jefferies prints Spire new issue and CSAM reset
2 years ago
Jefferies has expanded its European CLO arranging lead as senior spreads remain in line with recent deals, mezz appears to have leaked slightly wider and deals continue to feature capped tranches -
Antares upsizes billion-dollar CLO in third-largest primary transaction of 2022
2 years ago
Antares Capital reset its 2018-2 CLO via Deutsche Bank on Thursday, in the third-largest primary market transaction of the year at $1.06 billion -
CBAM CLO debt comes into play with reset incentive
2 years ago
Carlyle Group’s acquisition of CBAM for roughly $787 million ($615 million in cash) has underlined that we are in a seller’s market, sources say. But a key part of that deal will be the ability to extend CBAM CLOs through resets -
Owl Rock doubles size of 2020 mid market CLO with reset
2 years ago
Owl Rock Capital has more than doubled the size of its late 2020 CLO named Owl Rock CLO V after resetting the deal on Monday, -
Bain and CSAM each reset a late 2019 CLO with senior triple As yielding 135bp
2 years ago
Bain Capital Credit and Credit Suisse Asset Management each reset a CLO from late 2019 on Friday, with both deals placing their senior triple A tranches at 135 basis points over Sofr -
Credit Suisse braves market turmoil to print CLOs for Nuveen and Onex
2 years ago
Credit Suisse has maintained its CLO issuance amid market turmoil by printing transactions for Onex Credit Management and Nuveen Asset Management -
Golub upsizes 2020 CLO by over $100 million
2 years ago
Golub Capital Partners took to the CLO reset market on Wednesday to reset its late 2020 CLO named Golub Capital Partners CLO 50(B), upsizing the transaction by $102.5 million -
Euro CLO triple As show signs of succumbing to macro volatility as €1 billion paper prints
2 years ago
Over €1 billion worth of European CLO paper priced on Wednesday with two new issues from KKR and Spire, alongside a reset from ICG -
MidCap doubles size of 2018 CLO with reset
2 years ago
MidCap Financial almost doubled the size of its 2018 CLO named Woodmont 2018-4 Trust by resetting the deal via Deutsche Bank on Friday -
Sound Point resets 2019 US CLO for three years
2 years ago
Sound Point Capital Management priced a short reset of its 2019 CLO named Sound Point XXV, renewing the deal's reinvestment period for three years -
Trinitas resets 2019 CLO in line with recent new issues
2 years ago
Trinitas Capital Management on Tuesday reset its 2019 CLO, Trinitas X via BNP Paribas, according to market sources -
Euro CLO single Bs widen to March 2020 levels as Partners resets
2 years ago
DMs on the Penta 3 reset were not disclosed but wider volatility in the market has led single B coupons on Penta 3’s deal to blow out to 983bp. But the CLO's senior tranche remained in line with guidance -
LCM tightens triple As on 2017 CLO with partial refi via Morgan Stanley
2 years ago
LCM Asset Management has partially refinanced a 2017 vintage CLO, cutting the cost of its triple A tranche
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