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Audax sees senior spreads come in 30bps in 3 months as new MM CLO prices
14 days ago
Audax Senior Debt, the senior debt direct lending arm of Audax Private Debt, has priced its second new middle-market CLO of the year -
Octagon adds new life to 2017 vintage US CLO
3 months ago
Octagon Credit Investors has refinanced Octagon Investment Partners 31, a frequently refinanced deal dating back to June 2017. -
Antares resets 2019 vintage MM CLO
3 months ago
Antares Capital Management undertook its first primary market pricing activity of the year last week, with a middle market reset of a 2019-vintage deal arranged by SMBC Nikko -
European CLO primary spreads still have a long way to go
4 months ago
Are European CLO spreads in the primary market cheap or expensive? Our latest research shows that while US managers can celebrate AAAs reaching the 150s, in Europe spreads still have a long way to go to reach historical norms. -
Monthly new US CLO volumes highest since May as MJX prices new deal
9 months ago
US new CLO volumes for August surpassed $6 billion on Friday after MJX Asset Management priced its second deal of the year named Venture 48 -
Trinitas scores tight triple A execution on new US CLO with Citi
1 year ago
Trinitas Capital Management has scored one of the CLO market's tightest triple A prints of recent weeks after it teamed with Citi on its first new issue of 2023 -
AB and Partners print new five-year CLOs as daily volumes top $1 billion
1 year ago
AllianceBernstein and Partners Group each priced a new five-year reinvestment CLO on Wednesday, contributing to issuance volumes in the US topping $1 billion in a day for the first time in March -
Triple A notes come in tight as Elmwood and First Eagle print new CLOs
1 year ago
Elmwood Asset Management and First Eagle Investments each priced a new CLO on Monday, with both deals' triple A notes printing at or tight of the 10-day rolling average for five-year reinvestmenet paper -
Mid market CLO league tables: Golub makes it six straight while Natixis blows away the competition
1 year ago
In a trying year, issuance of mid market CLOs dropped a considerable amount. Total volumes dropped from $43.6 billion in 2021 to $20.8 billion in 2022, a 52% decrease year-on-year -
Global 2022 CLO league tables
1 year ago
Global 2022 CLO league tables -
Mid market CLO league tables: Golub scores in 90th minute as Natixis leads banks
1 year ago
Golub Capital left it late, but the prolific mid market CLO manager wrestled the lead in new issuance from Blackstone Credit last month -
Global CLO league tables - November 2022 YTD
1 year ago
Global CLO league tables - November 2022 YTD -
Florida manager rides back into CLO market with first new issue in four years
1 year ago
HIG Capital has returned to the CLO market with its first new issue in over four years. The manager priced a $661.5 million middle market CLO named WhiteHorse Principal Lending CLO 2022-1 -
Creditflux CLO Census set to return
1 year ago
The biggest and most comprehensive CLO survey is back for its sixth edition -- is your firm listed? -
Weekly US CLO volume tops $3 billion as AGL prices
1 year ago
AGL Credit Management brought weekly US CLO issuance over $3 billion on Thursday by printing a new issue deal via BNP Paribas -
Goldman refis 2013 and 2017 CLOs for Axa IM and Napier Park
3 years ago
Goldman Sachs flexed its CLO refinancing muscles on Tuesday, arranging very different cost-cutting deals for Axa Investment Managers and Napier Park Global -
CSAM refis fixed-rate notes from 2018 CLO
3 years ago
Credit Suisse Asset Management has tapped the CLO primary market to refinance the fixed-rate notes of its 2018 vintage deal, Madison Park Funding XXXI -
US CLO round-up: 23 managers wait in the wings after avoiding pre-election rush
3 years ago
CLO managers rushed to the primary market last week as they sought to lock in financing before the US presidential elections. This resulted in one of the busiest weeks in the primary market with 10 new issues -
$350 million of CLO collateral drips into default as oil companies file for Chapter 11
4 years ago
CLOs hold $353 million worth of debt of two oil and gas companies - Ultra Petroleum and Gavilan Resources - which have become the latest casulties of the precipituous decline in oil prices. The pair filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas on Thursday and Saturday, respectively -
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 -
Delayed issue double Bs reach Europe's CLO market as Fair Oaks markets new issue
4 years ago
Fair Oaks Capital is marketing a new issue European CLO via JP Morgan and has opted for just over a one-year reinvestment period -
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 -
Global CLO b-wic round-up: $8 billion of US CLOs listed in record-breaking March
4 years ago
Last week brought an end to the busiest month in both the US and European CLO secondary markets since at least 2014. $7.7 billion of US CLO paper was on sale in March with a further €1.8 billion of European CLO bonds available, bringing the total listed in Q1 to $13.9 billion and €3.6 billion -
Secondary CLO volumes jump as investors shed triple Bs into volatility
4 years ago
CLO investors are putting together the pieces after a volatile week, in which investmemt grade-rated tranches have changed hands but with limited visibility on pricing -
Nassau refinances 2017 CLO with senior triple As pricing at 115bp
4 years ago
CLO refinancings continue to be the flavour of the month as Nassau Corporate Credit priced a $261.3 million refi of its inaugural CLO named Nassau 2017-1
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