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Pearl Diver to list new CLO equity fund
2 months ago
Pearl Diver is listing a new CLO equity fund on New York Stock Exchange under "PDCC" ticker -
HalseyPoint resets BSL from early in the COVID era
2 months ago
HalseyPoint has reset HalseyPoint CLO II, a US BSL deal from June 2020, marking the first CLO activity by the manager in 2024 -
Redding Ridge adds to tally with US new issue CLO
11 months ago
It has been a slow week for the CLO market but Redding Ridge has started the ball rolling again with its fourth US deal this year -
Beneath the triple C: Life could be better, but it’s just a letter, under the CCC
1 year ago
Many market participants were eagerly looking forward to a break in December after a gruelling year, but the rating agencies were in no mood to oblige. -
US CLO syndication returns after long layoff as triple As settle tighter
1 year ago
After months where CLO liability pricing lagged the loan market, September saw a reversal as a vibrant investor base helped CLOs outperform -
Beneath the triple C: CLOs take first knock since covid scrapes
2 years ago
CLO managers have been hit by a number of loan downgrades to triple C for the first time since the wave of pandemic-related cuts trickled to a halt in early 2021. Companies indirectly linked to the health sector suffered most in May -
HalseyPoint keeps Libor-linked CLO notes after digital refinancing
2 years ago
HalseyPoint Asset Management has cut the funding costs of its 2020 CLO named HalseyPoint CLO II, managing to keep the notes linked to Libor by selecting a digital dutch auction to reprice the notes -
BMO AM prints new CLO via own brokerage arm
2 years ago
BMO Asset Management priced its second CLO of the year on Thursday, once again working with its own brokerage arm BMO Capital Markets to print the transaction -
CLO refi and reset volumes surge with $2.3 billion priced on Friday
2 years ago
CLO refi and reset volumes surged on Friday with $2.3 billion priced across the US market, according to market sources. Brigade Capital Management, MidOcean Credit Partners and New Mountain Capital reset regular-way CLOs, Blackstone Credit scored a regular CLO refi, Sculptor Capital Management refinanced a bond-heavy CLO, and Ivy Hill Asset Management reset a middle market CLO -
Neuberger Berman, Sculptor and First Eagle tap CLO refi market
3 years ago
Three CLO managers refinanced 2019 CLO paper worth a total of $1.44 billion on Friday -
Anchorage prints 2021's third bond-flex CLO
3 years ago
Anchorage Capital Group has priced its latest bond-heavy CLO offering named Anchorage Credit Funding 13, teaming up with GreensLedge to print the $458.8 million deal -
Voya picks its spots with rework of triple As and triple Bs in unusual US CLO refi
3 years ago
Voya Investment Management has executed an unusual CLO refi transaction that cuts the spreads on just the triple A and triple B notes of a 2018 deal named Voya CLO 2018-4 -
Control position in strong 2018 Axa CLO on sale today
3 years ago
$29.2 million of Allegro VII, a 2018 CLO managed by Axa Investment Managers, is on sale today in an all US CLO equity b-wic at 10am EST (3pm UK time). The bond is the fifth US CLO majority equity position to be listed on a b-wic this year -
OC health check: August reports slow torrent of fresh breaches to a trickle
4 years ago
198 CLOs reported an over-collateralisation (OC) breach in August, only three of which were completely new breaches. This is a slowdown from July, when 230 deals suffered some kind of OC breach, according to the latest reports from CLO-i -
Global CLO b-wic round-up: CLO lower mezz tightens while equity investors strive for duration
4 years ago
A large supply of CLO paper flooded the secondary market last week as $1.5 billion of US CLO bonds and €370 million of European CLOs were listed, according to CLO-i -
Zais issues second new CLO in three months
4 years ago
Zais Group has issued its third new CLO of 2020, and its second to price amid the coronavirus pandemic. Jefferies arranged the deal, which is named Zais CLO 16 -
US CLO league tables: coronavirus brings changes in approach and new top manager
4 years ago
Amid a big slump in CLO primary issuance, new deals have taken focus and there are some notable changes at the top of the league tables -
Who’s got the moves US: oil and gas leads renaissance for US CLO managers
4 years ago
The US leveraged loan market has held steady over the last two weeks. After rising to just below 87 of par in mid-April, the S&P LSTA US Leveraged Loan index closed at 85.75 to start this week -
OC health check: failures lift above 100 as five more deals breach senior test
4 years ago
Another 116 CLOs have breached their overcollaterisation tests in the last week, according to the latest trustee reports on CLO-i. Out of this, five deals have failed OC tests for all classes – bringing the overall tally of deals that have breached senior OC tests to nine. -
Global CLO b-wic round-up: control stake trades as junior notes come to the fore
4 years ago
The European and US CLO secondary markets produced high volumes of junior and subordinated notes last week. Over 30% of listings were rated as equity, single B or double B. -
Och-Ziff splits triple Bs as it prices US CLO
5 years ago
Och-Ziff teamed up with BNP Paribas on Friday to price a new issue CLO named OZLM XXIV, its third CLO transaction of the year -
AA Battery: GSAM powers back into the CLO market and merges senior tranches
5 years ago
Goldman Sachs Asset Management, itself a large buyer of senior CLO paper, has priced its first 2.0 CLO, but with the absence of a regular triple A-rated tranche -
Mid Market CLO league tables: Middle market continues to draw fresh faces
5 years ago
Golub Capital continues to top the manager rankings, however below the established middle market CLO managers sit a couple of newcomers. -
Brigade cuts 2016 CLO funding costs by 33.8bp following refi
5 years ago
Brigade Capital Management refinanced its 2016 CLO named Battalion CLO X yesterday, slashing 33.83 basis points off its funding costs -
Voya joins short list of managers to price a new issue CLO in December
5 years ago
Loan market volatility has led to a quiet month for CLO issuance, but yesterday Voya Alternative Asset Management joined the exclusive group of managers to issue CLOs in December
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