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CLO pipeline: biggest managers come to market as Rockford Tower sets sight on CBO
2 years ago
The Sofr-era of CLOs is well and truly upon us judging by the pipeline, with 14 US CLO managers marketing their first Sofr CLOs. and six European CLO managers are locked in a race to bring the first new issue of 2022 -
US CLO pipeline: Carlyle and Blackstone aim for CLO-a-month 2021 as BlackRock goes for baker's quadruple
2 years ago
The Thanksgiving holiday has not dampened the US CLO market’s appetite as a flurry of deals are set to price in the next couple of weeks. That includes 18 new deals, 11 resets and seven refinancings in the US -
US CLO pipeline: Go long! Refis fall from favour as AMMC looks to join list of 2021 issuers
2 years ago
The only record left to fall this year in US CLOs is 2017’s refinancing total of $102.8 billion with the market $6.3 billion shy. Yet this segment shows little interest to break more records with the pipeline filled with new issues and resets as longer tenured deals are preferred. -
Voya reworks 2012 CLO for fourth time
3 years ago
Voya CLO 2012-4 reworkings mount to four, after refinancing, reset, partial refi and another partial refi -
Global CLO trading lab: Equity supply spikes as investors go long
3 years ago
CLO equity returned to the secondary market in a big way last week, after a month of very little visibility, with $118.3 million of US CLO and €44.9 million of European CLO subordinated notes on sale -
Global CLO trading lab: quality and optionality shine as 2020 and 2019 mezz trades up
3 years ago
The primary and secondary CLO markets are moving in tandem with both markets drifting wider amid a wealth of supply -
OC health check: CLOs pay $1.3 billion on senior tranches as payment dates come due
4 years ago
Senior debt holders received $1.3 billion of principal from CLOs that breached an overcollateralisation test in July, a month in which the majority of scheduled payment dates fell. Of those deals suffering an OC breach, 190 were due to make a payment to noteholders and 57% were within reinvestment. -
CLO pipeline: AGL aims high as it prepares fifth new issue of 2020
4 years ago
US CLO managers are sensing opportunities in the CLO market either via new issue CLOs or by refinancing the fixed-rate tranches in their legacy deals -
Beneath the triple C: downgrades hold steady as Travelport loses its luggage
4 years ago
For the second month in a row downgrades to triple C steadied, with just under $9 billion of CLO loans falling to this rating across 34 corporate borrowers -
Fund manager hires Hayfin's structured credit head and launches CLO fund
4 years ago
An experienced CLO and structured credit fund manager has hired from Hayfin Capital Management as it targets $300 million for a CLO fund -
Oaktree gets off the mark with one-year reinvestment CLO
4 years ago
Oaktree Capital Management has priced its first US CLO of 2020, partnering with Barclays to produce a one-year reinvestment deal. The CLO has priced wide of where some three-year deals were being marketed, with Oaktree CLO 2020-1 printing its senior notes at 200 basis points -
Beneath the triple C: April showers send buckets overboard
4 years ago
Downgrade waves rocked the CLO market in April as Moody's and Standard & Poor's downgraded 135 corporate borrowers to triple C or below, from ratings above that level. The downgrades put CLOs in rough waters as $41.6 billion of such loans are prevalent in US CLOs while €5.64 are moored in European CLO portfolios – affecting 5.92% of the US market and 4.37% of the European market -
Global CLO league tables - April 2020 YTD
4 years ago
Global CLO league tables - April 2020 YTD -
CLO pipeline: new loves kindle as managers finish with old flames
4 years ago
US new issue CLO paper is back on the agenda after a January dominated by refinancings. 14 new deals are in the pipeline, but refis are holding steady with eight of these in the works. CLO refinancings have been the front runners this year, with 22 CLO refis versus 12 new US CLOs. -
Voya cuts 35bp off 2016 CLO's funding costs following refi
5 years ago
Voya Alternative Asset Management has refinanced a 2016 CLO, cutting its funding costs by 35.01 basis points in the process -
Insurers dump floating rate CLOs
5 years ago
Two large insurance firms rotated out of floating rate CLOs by selling roughly $259 million of single A notes via b-wics last month, according to market sources. -
Global 2019 YTD CLO league tables at a glance
5 years ago
Global 2019 YTD CLO league tables at a glance -
Voya teams up with Jefferies for the first time to print short-dated CLO
5 years ago
Voya Alternative Asset Management priced a new issue CLO yesterday with a six month call-lock and a one year reinvestment period -
Global 2018 CLO league tables at a glance
5 years ago
A snapshot of the overall league tables as of 31 December 2018 -
Global CLO league tables at a glance - October 2018
5 years ago
A snapshot of the overall league tables as of 31 October -
ICG prices short-dated reset of 2015 CLO
5 years ago
Intermediate Capital Group priced a short-dated CLO reset yesterday via Credit Suisse -
Boutique CLO manager becomes first to refi post reinvestment CLO this year
6 years ago
A California-based CLO manager has become first firm this year to refinance a CLO that has left its reinvestment period -
HarbourView prices reissue to extend its sole CLO
6 years ago
A CLO manager has returned to the CLO primary issuance market by reissuing its sole 2.0 transaction -
US CLO round-up: triple A notes come in all different shapes and sizes
6 years ago
CLO triple As priced at varying levels this week with an 8.5bp gap between the tightest and widest prints -
PineBridge resets 2015 US CLO in $378 million deal
6 years ago
The manager priced a $378 million reset of a 2015 vintage CLO yesterday
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