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Elmwood, LCM and MJX each print new issue CLOs
2 years ago
Three CLO managers - Elmwood Asset Management, LCM Asset Management and MJX Asset Management - came to market with new issue CLOs on Wednesday -
CLOs at a glance (July 2021)
2 years ago
A listing of CLOs that have priced in the last month -
LCM prints second new CLO of 2021 tight of market average
2 years ago
LCM returned to the CLO primary market late last week with its second new CLO of 2021 -
CLO pipeline: Man GLG resurfaces from six-year absence as deals exiting call-lock fill pipeline
2 years ago
CLO spreads have leaked out in recent weeks but deal economics are still favourable, encouraging managers to come back to the primary market for the first time this year -
LCM saves 30bp by refinancing whole stack of 2019 CLO
2 years ago
LCM Asset Management refianced the entire stack of its 2019 CLO named LCM 29 on Tuesday, lowering the deal's funding costs by 30 basis points in the process -
LCM and Vibrant print $772.5 million worth of CLO refis
2 years ago
LCM Asset Management and Vibrant Capital Partners have each refinanced legacy CLO tranches, adding another $772.5 million of refi supply -
LCM enters 2021 market with largest new CLO in over three years
3 years ago
LCM Asset Management issued its first new CLO of the year on Friday, teaming up with Natixis on the deal named LCM 32 -
CLO pipeline: European new issues set to resume but managers seek pricing stability
3 years ago
The CLO pipeline is heavy with reworked deals - and anticipation - as 14 US CLO and one European CLO refinancings feature, along with nine US CLO and six European CLO resets -
CLO refi paper worth $1.61 billion hits market
3 years ago
Five managers have printed transactions worth a combined $1.61 billion over the last few days, in a CLO refinancing bonanza -
LCM cuts triple A notes to 98bp with $495 million CLO refi
3 years ago
LCM Asset Management teamed up with Bank of America on Tuesday to refinance three senior debt tranches of a 2017 CLO -
LCM returns to CLO new issues after 21-month gap
3 years ago
LCM Asset Management returned to the CLO primary market on Friday with its first new issue since March 2019 -
CLO pipeline: 15 managers make a final push
3 years ago
15 US CLO managers are in the near term pipeline with just a few days before primary markets close for the holiday season. Among these, nine are aiming to price a new deal while the rest include a reissue, a reset and four refinancings. -
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 -
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 -
CLOs hold $600 million of bankrupt retailer Tailored Brands
3 years ago
Tailored Brands has become the latest US retailer to file for Chapter 11 as a result of the coronavirus-induced pandemic. 37 US CLO managers hold $588.9 million in term loans of the Houston-headquartered firm, -
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 -
LCM cuts 33bp off triple A spread following 2016-vintage CLO refi
4 years ago
LCM Asset Management joined the new wave of managers to refinance their CLOs, according to market sources -
LCM refinances senior tranches of 2013 CLO
4 years ago
LCM Asset Management has refinanced its 2013 vintage CLO named LCM XIII via Barclays in a deal worth $375.55 million -
LCM brings new issue CLO to market via Natixis
5 years ago
LCM Asset Management priced its second new CLO of the year yesterday named LCM 29, according to market sources -
US CLO round-up: floodgates open in land of the giants
5 years ago
The CLO market is starting to look like its old self again as deals came rushing in this week with eight new deals and one reissue and one reset pricing, totalling $3.77 billion. -
LCM prices second consecutive CLO transaction with Morgan Stanley
5 years ago
LCM Asset Management and Morgan Stanley have teamed up for a second consecutive CLO transaction this year -
US CLO round-up: Golub orbits curve as managers double up
5 years ago
A breakthrough regarding Japanese risk retention rules ended last week on a high note for CLOs as the Japan Financial Services Agency has announed that CLOs can sit outside the remits of its securitisation regulations -
LCM partially refinances 2015 CLO with triple As at 124bp
5 years ago
LCM Asset Management has teamed up with Morgan Stanley to partially refinance the senior debt of its 2015 CLO LCM XIX -
Global CLO round-up: there's something for everyone as CLOs put on a good spread
5 years ago
This week, equity investors have something to be thankful for with triple A CLO spreads showing signs of tightening -
LCM prices CLO with MUFG for the first time in $749 million reset
5 years ago
LCM Asset Management has priced its largest CLO transaction of the year, resetting the largest deal in its arsenal
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