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Octagon prices first single A-only fixed rate CLO refi
3 years ago
Octagon Credit Investors has priced its third fixed-note CLO refinancing amid the coronavirus pandemic, becoming the first manager to complete a single A-only refi in the process -
Fortress prints third fixed rate CLO refi of the year
3 years ago
Fortress Investment Group placed its third fixed-rate CLO refi post-covid yesterday, teaming with MUFG to rework the double A-rated notes of its 2017 transaction named Fortress Credit BSL V -
Three CLO managers join rush to refi or reprice fixed rate CLO tranches
3 years ago
Three CLO managers - American Money Management Corporation, Teachers Advisors, and ArrowMark Colorado Holdings - have jumped on the fixed rate CLO refinancing or repricing trend -
Octagon scores one of CLO market's biggest coupon cuts with repricing
3 years ago
Octagon Credit Investors has joined the trend of managers looking to reprice CLO tranches. The manager teamed up with Bank of America to reprice the fixed rate debt of Octagon Investment Partners 27 in a $22.5 million transaction -
Black Diamond prices first CLO primary deal for over 12 months with refi
3 years ago
Black Diamond Capital Management has joined the fixed-rate CLO refinancing surge by teaming up with Goldman Sachs to refinance two tranches of Black Diamond 2016-1 -
Covid-19 pandemic draws CLO repricing from out of shadows
3 years ago
A rare CLO repricing took place last month, despite the option being written into CLO documentation for years -
RBC arranges two US CLO tranche refis
3 years ago
Barings and PineBridge each priced their first US CLO transactions of 2020 after refinancing fixed rate tranches from 2018 vintage deals, according to market sources -
Sound Point goes refi route for fixed notes of 2018 CLO
3 years ago
Sound Point Capital management is the latest CLO manager to refinance the fixed rate debt in one of its CLOs after working with Goldman Sachs to slash funding costs on Sound Point CLO XIX -
Oak Hill refinances fixed rate notes from 2012 CLO
3 years ago
Oak Hill Advisors has refinanced the double A notes of its oldest CLO, OHA Credit Partners VII, which originally issued in 2012 -
Fortress and Octagon add to 2018 fixed-rate CLO refi trend
3 years ago
Another two CLOs refinanced their fixed rate debt tranches on Thursday, bringing the total refi activity in the last two months to 15 transactions -
CSAM jumps in on fixed CLO refi craze
3 years ago
Credit Suisse Asset Management has become the latest manager to refinance a fixed-rate CLO tranche, bringing the total refi volumes since April to over $600 million -
Fortress and Natixis strengthen mid-market CLO refi run
3 years ago
Fortress Investment Group has partially refinanced its third middle market CLO in as many months, say sources, with Natixis arranging the market's fourth deal in a row -
Atlas XI CLO partial refi shaves 2% from triple-A tranche
3 years ago
Crescent Capital Group has joined a growing trend of managers refinancing the fixed rate notes in CLOs, with the deal becoming the ninth to do so in the past two weeks -
Apex cuts coupon on fixed rate triple As in single tranche CLO refi
3 years ago
Apex Credit Partners has refinanced the fixed rate notes in its 2017 US CLO -
US CLO managers show they are quite partial to refis as Aegon prices
3 years ago
Cedar Funding V has become the ninth US CLO to refinance its debt in the last month as part of a wave of partial refinancings -
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 -
CLO refi volumes reach $320 million this week as Fortress prices second deal
3 years ago
Fortress Credit Investors has priced a second CLO refinancing in the space of as many days, bringing the weekly refi volumes up to $318.72 million - the largest week for CLO refis by volume since February -
Refinancing of fixed CLOs gathers pace as Jefferies follows Natixis with triple MJX refi
3 years ago
Natixis has built on its drive to refinance CLOs' fixed rate tranches by arranging a $100 million transaction for Fortress Investment Group. And Jefferies has joined the fray, on Tuesday becoming the second bank to refinance CLOs amid the coronavirus pandemic as it repriced six tranches across three CLOs managed by MJX Asset Management -
Natixis adds to CLO refi resurgence as it cuts funding costs for TCW
3 years ago
Natixis has priced the second CLO refinancing amid the coronavirus pandemic, bucking the trend by helping managers lower their funding costs despite the wider spread environment -
Madison Capital refi points the way for cost-cutting in CLOs
3 years ago
A new development has opened up in the CLO market as Madison Capital refinanced the fixed rate notes of its 2018 deal MCF CLO VIII -
BlueMountain CLO equity investors cancel 'optional redemption'
BlueMountain Fuji EUR CLO II cancels its redemption as the subordinate holders in the deal rescind on their call optionality. Originally, the equity holders filed a notice on 27 February for the deal to be call on 1 April. -
CIFC restarts refi wave with triple A tranche at 103bp
4 years ago
CIFC Asset Management has opted to refinance the triple A notes of its CIFC Funding 2013-1, scoring a tight print of 103 basis points in spite of the coronavirus-related market selloff -
CLO refinancing auction draws plaudits despite failure to clear
4 years ago
A novel approach to refinancing a CLO failed to clear, despite optimism behind the concept. -
Wide double Bs leave CLO refis trapped in catch 22
4 years ago
$12.5 billion of US CLOs have refinanced this year on the back of steep CLO term curves — but wide junior CLO spreads have made some equity investors and managers think twice about repricing. -
Another $1.68 billion of US CLO paper is refied
4 years ago
Four CLO refis worth $1.68 billion priced on Wednesday and Thursday of this week, with the 2017 vintage still appearing the most attractive
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