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Blackstone prints new US BSL CLO at 135bps
1 month ago
Blackstone priced a new US BSL USD 509.3m CLO with triple-As at 135bps over SOFR -
Tikehau prices its first US CLO of 2024
3 months ago
Tuesday saw Tikehau Capital return to US primary market issuance for the first time this year, with a new USD 513m BSL deal -
2018-vintage refis continue with latest deal from Nuveen
3 months ago
Nuveen added its name to a string of managers pricing a deal in a recent line of US refis, with a deal that reworked a 2018-vintage Symphony CLO -
Global CLO league tables - January 2023 YTD
1 year ago
Global CLO league tables - January 2023 YTD -
Carlyle prints new US CLO with triple As at 195bp
2 years ago
Carlyle Group priced its latest new CLO on Friday, placing the deal's triple A notes at 195 basis points over Sofr -
Columbia CLO delivers rare duration structure and 96 cents weighted average price
2 years ago
Columbia Threadneedle has teamed up with Jefferies to print a new CLO at $351.6 million -
BNP Paribas AM claims debtholder agreement means US CLO 'default' was avoided
2 years ago
BNP Paribas Asset Management has disputed the downgrade to D, by S&P Global, of two junior debt tranches in its 2014 US CLO known as BNPP IP CLO 2014-1 -
CLO pricing holds up against omicron as liquid credit takes a hammering
2 years ago
Being illiquid sometimes has its advantages, with the CLO market the picture of serenity as CDS swings imply volatility is afoot -
BlackRock places new CLO triple As at 113bp market tights
2 years ago
BlackRock priced its latest CLO named Magnetite XXX on Friday, matching the market tight triple A print of 113 basis points over Libor -
Seix and Mizuho refi oldest CLO from 2013
3 years ago
Seix Advisors teamed up with Mizuho on Monday to refinance the three senior-most tranches of the manager's oldest active CLO, named Mountain View 2013-1 -
New issue CLO dry spell ends as Ares produces tight US deal
3 years ago
Ares Management has broken a six-day new issue CLO drought, teaming up with Goldman Sachs on its second deal of 2021 named Ares LX -
Redding Ridge goes big with $318 million upsize of 2017 CLO via reset
3 years ago
Redding Ridge Asset Management has reset its 2017 vintage CLO named RR 2, upsizing the deal by $317.7 million in the process -
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 -
AMMC and Marathon refinance CLOs due to leave reinvestment in April
3 years ago
Another $800 million of CLO refi paper has been absorbed by the market after American Money Management Corporation and Marathon Asset Management cut financing costs for CLOs set to leave reinvestment in April -
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 -
Beneath the triple C: 13 CLO loans take a dive but defaults subside to a ripple
3 years ago
22 corporate debt issuers were downgraded to triple C or below in November and December by Moody’s or S&P, out of which 13 can be found in CLO portfolios – hurting $4.55 billion of US CLO loans, €1.87 billion of European CLO portfolios and almost $80 million of middle market CLOs loans, according to CLO-i -
Beneath the triple C: cinemas get clipped but default picture improves
3 years ago
14 corporate debt issuers were downgraded to triple C or below in October by Moody’s or Standard & Poor’s – hurting $3.15 billion of US CLO loans, €761.73 million of European CLO portfolios and $37.95 million of middle market CLOs loans, according to CLO-i. Cinema chains were among those to suffer last month -
Global CLO league tables - May 2020 YTD
4 years ago
Global CLO league tables - May 2020 YTD -
CLOs face trading restrictions as bankruptcies mount
4 years ago
CLO managers could be handcuffed in impending bankruptcies if tranche downgrades continue and restricted trading periods kick in -
Global CLO league tables - April 2020 YTD
4 years ago
Global CLO league tables - April 2020 YTD -
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 -
CLOs process Internap bankruptcy as they hold $212 million
4 years ago
CLOs hold $212 million of the debt of Internap Technologies, which filed for Chapter 11 in the Bankruptcy Court for the Southern District of New York on on Tuesday -
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. -
Licence and registration: loan spreads get speeding ticket as CLOs play catch-up
4 years ago
The sharp rally in corporate credit means that CLO spreads are going to have to rapidly follow suit with investors informing Creditflux that US CLO triple As should be pricing at 105-107 basis points to make deal economics work. -
US CLO round-up: 20 managers sit on the sidelines as volumes play catch-up
5 years ago
US CLO issuance this year is trailing 2018 by $10.7 billion as of 6 September, dampened by a slow third quarter. But Napier Park and Par-Four priced deals, which means that 20 managers are yet to return having priced CLOs last year
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