Rates are moving lower, which makes CLO equity look better versus loans
The latest edition of The Last Tranche podcast talked to new Octagon CEO Gretchen Lam about triple A spreads, CLO redemptions and whether investing in third-party CLO equity makes sense again

MidOcean prices fourth CLO of new era
MidOcean Partners continues its steady resurgence amongst the ranks of CLO managers, with yesterday’s pricing of the USD 410m MidOcean Credit CLO XIV

Audax adds bumper MM CLO
Audax Private Debt added to this week’s parade of middle market deals, pricing the second-largest MM CLO of the year on Wednesday

HPS prices new private credit CLO
This week has seen increasing amounts of deal flow emerging in middle market CLOs, and HPS Investment Partners joined in on Wednesday, pricing its first deal of 2024

Troubled European name reaches end-game
The long-running saga of French mass-market retail group Casino Guichard-Perrachon appears to be nearly over as the firm filed for Chapter 15 recognition in the US

Fresh wave of CLO calls looms as US equity distributions drop
Equity distributions for US CLOs outside their reinvestment period continue to fall as prepayments cut into cashflows

Electronic controls company Robertshaw is latest CLO name to default
Robertshaw, held by 134 CLOs with a total exposure of USD 151m, has filed for Chapter 11 bankruptcy

BNP Paribas continues reset wave with a 2018 vintage CLO
BNP Paribas has further consolidated a prolific month for its CLO arranging business with its latest role as sole arranger for the reset of a 2018 vintage US deal

AlbaCore joins European renaissance with new CLO
European credit specialist AlbaCore Capital priced its latest new-issue European CLO on Tuesday, its sixth deal in this asset class

UK-based manager looks to restart European infra CLO market
RM Funds, an Edinburgh-based infrastructure debt investor, is looking to launch the first European infrastructure CLO since 2008

Chris Flynn announces departure plans from First Eagle
First Eagle Alternative Credit has revealed plans to shake up its C-suite with the departure of President Chris Flynn in 2025, in addition to other senior-level changes

Reverse inquiry leads to junior single As in new Marathon BSL CLO
Marathon Asset Management yesterday priced Bryant Park Funding 2024-22, including senior and junior single As

Pinebridge prices new US reset
 Los Angeles-based PineBridge Investments reset its 2017-vintage Galaxy XXIV CLO earlier this week

European CLO market stirs as first refi of the year prices
BNP Paribas injected some life into the sluggish European CLO market on Monday with the first European refi of the year

Private credit CLO AAAs hit 190 as Ares prices new Ivy Hill deal
Ares Capital, via Ivy Hill Asset Management, added weight to middle market CLO issuance last week with a new USD 450.8m deal

Latest US reset is for 2020-vintage CIFC deal
Following a half-billion-dollar refinancing of a deal in 2020, CIFC Asset Management has returned to the primary market for another bite at the cherry with a reset

Blackstone goes big for new US CLO
Blackstone yesterday priced its second deal of the year and first new issue, an upsized US BSL CLO that is the second-largest deal of the year

Birch Groves prices latest US BSL CLO
New York-based Birch Grove Capital has undertaken its first activity of 2024, pricing a US BSL CLO in conjunction with Bank of America

Four fixed rate tranches featured in latest Apex US CLO
Apex Credit Partners has returned to the primary issuance market for the first time in almost two years, market sources said, pricing a new USD 322.725m deal on Friday with Jefferies as sole arranger

Churchill adds new private credit CLO to roster
While most market attention in recent weeks has been on the BSL side of the ledger, Churchill announced the pricing of a new USD 298.06m middle market transaction on Friday, the third CLO from Nuveen Churchill Direct Lending Corp and its first of 2024

Brigade refinances 2020-vintage CLO
Brigade Capital Management is following in the footsteps of CSAM with an equally busy month. The New York-based managed priced a refi of its Battalion CLO XV just a week after its Battalion CLO XXV new issue.

CSAM refinances giant 2014-vintage US CLO
Pricing its second deal in the space of a week, Credit Suisse Asset Management is in the midst of a prolific February, with its latest transaction a sizeable USD 736.737m refi arranged by Nomura

BofA and Fidelity team up on 2019 US reset
Boston-headquartered Fidelity Investments, last week priced the reset of its 2019-vintage Ballyrock CLO 2019, arranged in partnership with Bank of America

Sculptor refinances second CLO this month
Following its OZLM Funding II refi earlier in the month, Sculptor Loan Management returned to the market again on Thursday with a partial refi of the 2017-vintage OZLM XXI

Carlyle and Citi continue reset wave with rework of 2019 US CLO
Carlyle Group last week reset its largest CLO from 2019, market sources said, once again in partnership with Citi, who acted as the sole arranger after having arranged both the original deal and its refi in 2021