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LCM doubles down with short-dated reset
2 months ago
The second CLO of the year for LCM Asset Management mirrored the manager’s first in March with the adoption of a short-dated schedule -
LCM returns from hiatus with a short-dated BSL CLO
6 months ago
LCM Asset Management returned to the CLO market for the first time since 2022 with LCM 41, a short-dated US BSL CLO -
LCM shaves 27bp off 2022 CLO's funding costs following reset
1 year ago
LCM Asset Management reset its 2022 CLO named LCM 38 on Thursday, tightening the deal's original capital structure by 27.46 basis points -
LCM readies its first CLO primary transaction of the year
1 year ago
LCM Asset Management is working with Deutsche Bank on its first CLO primary market transaction of 2023 which is expected to print next week -
Large CLO investor sells three post-reinvestment anchor equity positions
1 year ago
Three control equity positions were on sale on Thursday at 9am EST (2pm GMT) in the same list. The bwic listing was made up of three 2017 US CLOs, all of which are post-reinvestment and have not been reset in the years since -
Serta Simmons makes its bed again with default leaving CLOs with a restless night
1 year ago
$172.5 million of CLO assets defaulted on Monday after Serta Simmons Bedding filed for chapter 11 bankruptcy. -
LCM passes $1.5 billion CLO new issuance in 2022
1 year ago
LCM Asset Management priced a fourth CLO of the year on Monday, taking its issuance volume for 2022 over $1.5 billion -
US CLO pipeline: five-year triple As solidify at 220bp
1 year ago
US CLO spreads are showing signs of widening as the benchmark triple A levels shift by 10 basis points. Senior triple As are aiming for a 220bp benchmark as LCM Asset Management and Neuberger Berman market five-year deals -
CLOs at a glance (October 2022)
1 year ago
A listing of CLOs that have priced in the last month -
Nerves of steel needed for CLOs as Phoenix Services files for chapter 11
1 year ago
CLOs hold $341.54 million of steel service provider Phoenix Services Topco which filed for chapter 11 protection in the US Bankruptcy Court for the District of Delaware yesterday -
LCM prints second new CLO amid sale discussions
2 years ago
LCM Asset Management has priced a new $446.7 million CLO via Deutsche Bank named LCM CLO 39, the firm's second new issue amid discussions regarding the sale of the manager platform -
Forthcoming new issue from LCM points to further CLO spread tightening
2 years ago
LCM Asset Management is marketing a new CLO via Deutsche Bank, with price talk indicating liability spreads could be poised for further tightening -
US CLO pipeline: Dispersion comes to fore, while Capital Four goes static
2 years ago
The CLO market is heating up once again after the summer lull and pricing has tightened, with at least three US CLO managers looking to match or even best Palmer Square Capital Management’s triple A print of 200 basis points -
US CLO manager completes new issue amid sale discussions
2 years ago
An established CLO manager has priced a print-and-sprint against the backdrop of sale discussions -
CLO pipeline: large managers defy loan drought to keep market moving
2 years ago
US CLO senior spreads may have blown out to 180-190 basis points over Sofr for five-year deals, and even wider for short-dated new issues, but that will not stop the market from soldiering on -
LCM looks to CLO print and sprint amid platform sale discussions
2 years ago
LCM Asset Management is marketing a new CLO, despite Creditflux reporting the platform is in discussions for a sale -
US CLO manager valued at $278 million goes up for sale
2 years ago
One of the most consistent US CLO issuers for two decades is on the market -
Envision exchange leaves some lenders sick, but CSAM finds prevention is better than cure
2 years ago
Envision Healthcare’s distressed debt exchange has rocked the CLO market, with over $1.68 billion of the firm’s loans held by US CLOs. But some of the largest managers have avoided the name completely -
LCM sells triple As at discount in latest CLO
2 years ago
LCM Asset Management priced a new CLO on Wednesday, issuing the deal's $246 million senior triple A notes at a discount to par of 99.85 cents -
LCM tightens triple As on 2017 CLO with partial refi via Morgan Stanley
2 years ago
LCM Asset Management has partially refinanced a 2017 vintage CLO, cutting the cost of its triple A tranche -
CLOs at a glance (January 2022)
2 years ago
A listing of CLOs that have priced in the last month -
Daily new US CLO volume tops $1.78 billion as LCM prints latest deal
2 years ago
LCM Asset Management has teamed up with Natixis to print its fifth CLO of the year, named LCM 36, at $409.1 million -
LCM tightens post-reinvestment CLO by 28 basis points with three-tranche refi
2 years ago
LCM Asset Management refinanced three tranches of its 2013 CLO named LCM CLO XIII on Monday, tightening the deal by 27.9 basis points -
US CLO pipeline: Carlyle and Blackstone aim for CLO-a-month 2021 as BlackRock goes for baker's quadruple
2 years ago
The Thanksgiving holiday has not dampened the US CLO market’s appetite as a flurry of deals are set to price in the next couple of weeks. That includes 18 new deals, 11 resets and seven refinancings in the US -
Treasury desk lists $818 million b-wic as hedge fund looks to offload control CLO equity in bumper day
2 years ago
State Street once again listed over $800 million of US CLO triple A bonds on Tuesday, having sold $834 million of triple A paper last month
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