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OC health check: CLOs end 2020 with fragile recovery
3 years ago
Only 109 CLOs breached an overcollateralisation test in December, falling from 121 in November. This in turn was down from the 147 CLOs that breached an OC test in October, but 33 cured their breaches in November and a further 11 cured all OC test failures in December -
CLO investor draws up solution to phase out ‘TriMark loopholes' but concept divides market
3 years ago
TriMark’s latest transaction has sparked widespread debate among the CLO community, with the borrower having joined Serta Simmons and BoardRiders earlier this year to aggressively amend its credit agreements. One CLO investor says it is working on industry-wide solutions to address the issue including adding concentration limits to CLO documentation -
First Eagle prices one-year mid market CLO
3 years ago
First Eagle has priced its latest CLO backed by middle market loans -
Angelo Gordon prices US CLO with make-whole on senior notes
3 years ago
Angelo Gordon has priced its first US CLO since the coronavirus outbreak, teaming up with Barclays to issue the $294.8 million Northwoods Capital CLO 22 -
Dishware maker files for bankruptcy as CLOs hold $200 million
3 years ago
CLOs hold $207.58 million of Libbey Glass, which filed for chapter 11 protection in the US Bankruptcy Court for the District of Delaware on Monday, as a result of the firm's impending debt maturities and the impact of coronavirus -
Global CLO league tables - April 2020 YTD
4 years ago
Global CLO league tables - April 2020 YTD -
CIFC restarts refi wave with triple A tranche at 103bp
4 years ago
CIFC Asset Management has opted to refinance the triple A notes of its CIFC Funding 2013-1, scoring a tight print of 103 basis points in spite of the coronavirus-related market selloff -
US loan trading: McDermott downgrade leads to CLO outflows as managers board rail road firm
4 years ago
US freight railroads operator Genesee & Wyoming allocated its $2.55 billion term loan in November, making it the most popular issuer in the month. And CLO managers were sceptical of the outlook for McDermott Technology - signalled by $185.9 net outflows - after Moody's downgraded its corporate family rating from B3 to Caa2 -
Euro loan trading: Areas caters to CLOs while managers cast away Nets
4 years ago
Global travel catering services Areas flew off the shelf after it allocated its €1.05 billion term loan B, with 50 CLO managers buying the loan -
Mid market CLO league tables: Owl Rock debuts in big month
5 years ago
With $2.88 billion in transactions, April was the busiest month of the year for middle market CLOs -
Control equity in two US CLOs changes hands in secondary market
5 years ago
Control equity in three US CLOs was up for sale yesterday at 10am New York time, according to market sources -
Till debt us do part: CLOs have and hold David's Bridal loans as they plummet 10.87%
5 years ago
CLOs hold $26.63 million exposure to David’s Bridal, which filed for Chapter 11 bankruptcy on Monday -
Barclays prices €359 million CLO for new client in Europe
5 years ago
Barclay’s European CLO arranging business has a new client, according to market sources -
Large CLO manager hires JP Morgan to reset 2014 vintage transaction
5 years ago
The CLO reset wave in advance of the July payment date is in full swing, with a large CLO manager renewing a 2014 vintage deal for a further five years of reinvestment -
CSAM teams with Barclays for the first time this year to reset 2016 CLO
5 years ago
Credit Suisse Asset Management has teamed up with Barclays for the first time this year on a CLO transaction -
Och Ziff restructures its first CLO since October 2017
6 years ago
Och Ziff priced its fourth CLO transaction of the year yesterday -
CLO reset spreads tighten as HPS knocks 4bp off last year's tights
6 years ago
HPS Investment Partners has priced its first CLO transaction of the year -
Axa IM returns to European CLO market with refi of 2015 deal
6 years ago
Axa Investment Managers priced the tightest triple A print of the year in its first transaction since 2016 -
Euro CLO round-up: spreads tighten as 2017 volumes hit €33 billion
6 years ago
There was a little bit of everything on show last week in Europe with one new issue, one reset and two refis pricing in the CLO market -
Alcentra prices its sixth European CLO transaction of 2017
6 years ago
The €516.8 million deal pays the tighest triple-A spread following a Euro reset since April -
Octagon upsizes and tweaks 2015 CLO through unusual refi
6 years ago
The manager worked with Citi to price the refi, which upsizes the deal by $105.28 million -
CSAM prices its 16th CLO transaction of 2017
6 years ago
The manager teamed up with JP Morgan to price its fourth new issue US CLO of the year, according to market sources -
US CLO round-up: 2017's leading managers come back for more
6 years ago
Three of the most active managers in the CLO market this year – including two who dared venture into the primary market in the opening weeks of 2017 – returned to price their latest CLO transactions this week. We look at which managers have been most active in 2017 across new issue, refis and resets -
PineBridge prices its first CLO reset of 2017 in $468 million deal
6 years ago
The $467.7 million deal priced yesterday and was arranged by Goldman Sachs, according to market sources -
CIFC resets 2013 CLO three months after it left its reinvestment period
6 years ago
It's never too late to reset a CLO: CIFC has elected to revitalise a 2013 that has gone past its reinvestment period
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