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BlackRock adds to Euro CLO deal size with reset
2 years ago
BlackRock has reset a 2017 vintage CLO, increasing the deal size slightly and offering a higher return on the lower part of the capital structure -
BlackRock fills opening on European CLO management team
3 years ago
BlackRock has filled a gap ithat opened up on its European CLO portfolio management team in January -
BlackRock shaves top but widens rest of stack with Euro CLO reset
3 years ago
BlackRock has reset a 2016 vintage CLO, pricing the triple A tranche inside the average for new issue European deals but widening lower rated tranches from where they refinanced in 2019 -
Alcentra, BlackRock and CVC refi €1.5 billion of European CLO paper
3 years ago
Deutsche Bank arranged the transactions for BlackRock and CVC while Morgan Stanley arranged partial refinancings for three of Alcentra’s deals -
European CLO spreads set to tighten as BlackRock markets refi
3 years ago
BlackRock is looking to partially refinance the senior-most tranches of a 2018 CLO -
Europe leads corporate credit rally, but US outperforms in CLOs
3 years ago
iTraxx Crossover has been the CDS market's outperformer this week, tightening over 30 basis points, or 11.4%, to trade at 235bp today. But in the CLO market, US deals have come out on top thanks to a BlackRock CLO that priced its double Bs at some of the tightest levels this year -
CLO pipeline: LCM switches arranger to complete deal and join issuance surge
3 years ago
Over $3.5 billion of global CLO issuance priced last week and managers in all three CLO markets are taking advantage of tightening spreads across the capital structure after three major covid-19 vaccine breakthroughs and increased confidence since the US presidential election -
CLO pipeline: fixed income giants plan debut 2.0s with Morgan Stanley
3 years ago
Two large fixed income managers are pre-marketing debut 2.0 CLOs -
Euro CLO primary spreads hit new tights as BlackRock prices first 2020 deal
3 years ago
European primary CLO spreads have finally begun to tighten, as BlackRock today printed triple A notes on BlackRock CLO X at Euribor plus 120 basis points -
CLO pipeline: managers large, small and new ready to price in post-Labour Day surge
3 years ago
US managers are preparing a wave of new issue CLOs in the coming days, as the usual post-Labour Day pricing surge comes to fruition even in this most unusual of years -
BlackRock plans first European CLO of 2020
3 years ago
Barclays has begun marketing its second European CLO in September with the bank arranging a deal for a large asset manager -
Global CLO b-wic round-up: US CLO triple As finally rally while European investors go ‘all in’
3 years ago
A huge supply of $731 million of US CLO triple A bonds pushed US CLO secondary volumes to just shy of $1.5 billion last week -
CLO pipeline: Apollo targets fourth deal as managers line up to break 2020 ducks
3 years ago
Six CLO managers, five in the US and Fair Oaks Capital in Europe, are showcasing their first new issues of the year in preparation for pricing later this month. And Apollo Global Management is marketing its fourth new issue CLO (third US new issue CLO) in the last month and a half -
We’ve survived before, we can do so again
4 years ago
$7.8 billion of CLO collateral, split evenly between the US and Europe, is in the loans that have fallen fastest in the past month. But short term CLO pain will bring opportunities for building par -
Making arb work of it
4 years ago
In 2019, some CLO managers hoped that good timing would enable them to lock in favourable arbitrage levels, but others opted for aggressive or conservative tactics when building portfolios. -
Euro CLO league tables: refi market opens up to give KKR best of both worlds
4 years ago
European CLO issuance in October crossed €5 billion for the second month this year as managers took advantage of falling spreads and increased demand. In one example, KKR obtained tight senior CLO financing to go with tight mezz spreads from 2017 in a demonstration of expert timing -
CLO pipeline: Capital time to debut in Europe as liability spreads drop
4 years ago
CLO managers are showing no signs of slowing down, as a further 16 US and five European new issue CLOs, including Capital Four's CLO management debut, appear in the pipeline -
Global CLO round-up: Europe mops up demand, as Euribor hits the floor
4 years ago
The final stretch of the year began with a bang, with the first week of Q4 bringing $3.3 billion of CLO issuance in the US and €1.2 billion in Europe. But the resurgence in volumes was not the only talking point last week, with Europe coming into focus as spreads surfed tighter -
European CLO spreads reach new tights as BlackRock prices new issue
4 years ago
European CLOs reached new record tights yesterday as BlackRock and Credit Suisse priced the tightest new issue for over 12 months -
CLO investor looks to offload US and European anchor equity positions
4 years ago
There are two controlling CLO equity stakes up for sale today with a 2017 European deal and a reissued US transaction going under the hammer -
BlackRock becomes fifth European CLO manager to refinance
4 years ago
BlackRock today became the latest European CLO manager to join the budding refinancing wave, having teamed up with Morgan Stanley to reprice the debt liabilities of BlackRock European CLO II -
Spire scales heights as Creditflux’s Manager of the Year 2019
4 years ago
Spire Partners celebrated bringing home three Creditflux awards, including the coveted Manager of the Year trophy, on a night of high spirits on 8 May at London’s Landmark Hotel. -
Spire wins Creditflux Manager of the Year award
4 years ago
Spire Partners was the big winner at Creditflux's Manager Awards last night as the London-based manager scooped the award for the manager of the year. On top of this, the firm picked up awards for Best European CLO Manager and Best European CLO for Aurium CLO II -
Control equity available in BlackRock CLO just one month after first payment
4 years ago
Control equity in BlackRock's 2018 European CLO is up for auction today at 10am New York time (3pm London), according to market sources -
BlackRock prices European CLO senior triple As at 108.5bp in new issue deal
5 years ago
Natixis has priced BlackRock European CLO VIII in a €408.5 million deal
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