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Carlyle co-chair expects buyouts to rebound from ‘denominator effect’ in 2025
6 days ago
With concerns growing in the US CLO market about the lack of new loan supply, an article from our sister publication Mergermarket provides a glimmer of hope. -
Fortress prices widest CLO triple As of 2022, but that's no obstacle
2 years ago
CLO triple As reached 162bp on Friday as Fortress priced a US deal. The firm has priced wide CLOs before, but that has not held it back from producing some of the best equity distributions in the industry -
Golub upsizes 2020 CLO by over $100 million
2 years ago
Golub Capital Partners took to the CLO reset market on Wednesday to reset its late 2020 CLO named Golub Capital Partners CLO 50(B), upsizing the transaction by $102.5 million -
Scramble to cover shorts extends rally, but analysts stub out tobacco
2 years ago
European outperformance of US credit is picking up despite the UK posting record inflation numbers, as optimism on Ukraine combines with the wrong-footing of investors that had positioned extremely bearishly -
Jefferies brings two CLOs to market and takes US CLO arranging total past $20 billion
2 years ago
Jefferies has brought two CLOs to market to take its arranging total past $20 billion -
Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
2 years ago
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources -
Global CLO trading lab: Octagon CLO comes out top in CLO double B spike
3 years ago
Double B-rated bonds made up 40% of the European and US CLO secondary markets last week. $222 million of US CLO double B bonds were on sale and a further €105 million of European CLO double B items were listed -
Apex shaves 47bp from triple A in 2017 CLO refi
3 years ago
Apex Credit Partners, the credit manager owned by Jefferies, refinanced three tranches of its 2017 CLO named Apex 2017-1, saving itself 47 basis points on its triple A notes in the process -
Global CLO b-wic round-up: equity trades break new records as investors look to redeploy cash
3 years ago
The CLO secondary market is experiencing heavy churn with €273.5 million of European CLO paper and $1.05 billion of US CLOs listed last week. Within that supply, a record trade for a 2.0 European CLO equty tranche was recorded -
US looks for stronger open after sell off
3 years ago
US credit is opening slightly stronger on Thursday, after its sharp Wednesday rout, prompted by Federal Reserve messaging, carried over forcefully into Asian and European markets -
AGL cements post-covid US CLO lead with fifth new issue
3 years ago
AGL Credit Management has consolidated its position as the most prolific CLO manager post-covid after becoming the first firm to print five new issues in the US -
Beneath the triple C: CLOs get their sneakers on as retailers run into bankruptcy
3 years ago
July added further relief to CLO portfolios with the slowest rate of downgrades to triple C since March. US CLO portfolios faced downgrades of $2.18 billion to triple C while European portfolios faced just €59.13 million of such downgrades -
OC health check: first senior breach in middle market pushes CLO tally to 13
4 years ago
41 CLOs have breached an overcollateralisation test in the last week, according to the latest trustee reports on CLO-i, taking the overall total to 182 -
Two US CLOs fail senior OC tests
4 years ago
Apex Credit Partners and Marathon Asset Management have become the first CLO managers in the 2.0 era with deals failing their senior overcollateralisation tests, according to latest trustee reports on CLO-i -
Beneath the triple C: mighty CLO buckets from Akorns grow
4 years ago
Rating agencies went on a downgrading spree in February, with Moody’s and Standard & Poor’s cutting 20 corporate names to triple C or below – affecting $2.78 billion of paper in US CLOs and €316.6 million in European CLOs. -
US loan trading: CLO managers flee Acosta but gorge on Buckeye
4 years ago
Loan holdings in October gave CLO managers a taste of the good, the bad and the ugly: they feasted on Buckeye, fled Acosta, and could not get rid of Deluxe -
US CLO league tables: CSAM dominates globally but Octagon takes US lead
4 years ago
Octagon Credit Investors clinched the top spot in the US broadly syndicated loan CLO market by a mere $129,000 from Credit Suisse Asset Management. -
US CLO league tables: Octagon and Citi lead the way
5 years ago
April was the busiest month yet in the US CLO market this year with $16.42 billion in transactions, beating February by around $500 million. -
US CLO league tables: heavyweights dust off and jump back in the ring
5 years ago
Competition has prevailed after a tough quarter for the CLO market, in which banks offloaded their carry-ons from last year -
Global CLO round-up: 15 months to one month - managers set their own pace
5 years ago
Three new US CLOs priced this week courtesy of; Seix Advisors, via BNP Paribas; Kayne Anderson, via Goldman Sachs; and Steele Creek, via RBC. In Europe, Oaktree Capital Management paired with Barclays to price Arbour CLO VI. -
Bardin Hill gets down to business with first CLO transaction since rebranding
5 years ago
Bardin Hill Investment Partners, formerly known as Halcyon Capital Management, has priced a $434 million CLO refi of a 2015 vintage CLO under the Halcyon moniker -
Equity investor sacrifices call optionality in unusual Seix CLO refi
5 years ago
Seix Investment Advisors has priced an unusual CLO refi via Citi, renewing the deal’s call-lock for over eight months longer than the deal’s reinvestment period -
Hayfin resets 2013 Kingsland CLO via Citi
6 years ago
Hayfin Capital Management has priced a $474.51 million CLO reset via Citi -
TICP prices US CLO market's 10th reissue of the year
6 years ago
The manager has joined the rush of US managers rissuing CLOs this year -
Wells Fargo prices three CLO transactions in a single day
6 years ago
Wells Fargo priced three CLO transactions on Thursday, totalling $1.47 billion issuance, according to market sources
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