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Allstate revisits 2015 vintage CLO a third time with a refi
1 month ago
Allstate Investment Management on Wednesday priced a refinancing of US BSL CLO deal via Nomura -
iHeart secured group advisors in confidential talks with company
1 month ago
iHeartMedia, still an important name in the US CLO market, is back in the news, potentially impacting 482 different CLOs -
CIFC resets 2019 vintage
4 months ago
CIFC Asset Management, working with JP Morgan as arranger, priced a reset on Wednesday that hit a senior spread of 145bps -
CIFC reworks 2017 BSL CLO
5 months ago
CIFC became the latest manager to rework a 2017-vintage US BSL deal on Tuesday, pricing a reset of CIFC Funding 2017-III -
GoldenTree and Nuveen reset CLOs with senior notes yielding 170bp
1 year ago
GoldenTree Loan Management and Nuveen Asset Management each reset a July 2022-vintage CLO on Friday with both deals placing their first-pay debt tranches at Sofr plus 170 basis points -
CLO round-up: secondary market rallies amid increased primary supply
1 year ago
CLO primary activity increased across the board this week, with US new issue supply amounting to $1.8 billion - up 48.7% on the week prior - while in Europe supply increased 208.8% to €1.2 billion -
Defiant CSAM prices benchmark-setting US CLO after Nomura's rapid deal execution
1 year ago
Credit Suisse Asset Management has demonstrated that no matter the troubles of its parent bank, CSAM remains a force as a CLO issuer. -
Carlyle appoint former Goldman executive as CEO
1 year ago
Carlyle Group have appointed former Goldman Sachs Co-President and CO-Chief Operating Officer Harvey Schwartz as Chief Executive Officer and a member of the board, the firm has announced. -
US CLO league tables: Blackstone gets back to business as it rises to the top
2 years ago
Blackstone is no longer the largest CLO manager globally (it lost that title in March). But it is the most prolific issuer in 2022 -
US CLO league tables: BofA marches on as Elmwood climbs to top in new issues
2 years ago
Last month, for the first time since June 2020, no resets or refinancings priced in the US CLO market as market volatility took repricings out of the money. This meant a month-on-month decline of $13.4 billion in overall issuance, but new issuance was still healthy with $11.6 billion pricing in March -
GoldenTree adds single B tranche to new CLO for first time since February
2 years ago
GoldenTree Loan Management priced a new CLO on Thursday, becoming the first manager to include a single B-rated liability tranche since before the Ukraine invasion -
Lev loan index rule change proposed to meet Sofr switch
2 years ago
Leveraged loan index stakeholders are being asked for feedback on a proposal that would allow the inclusion of loans linked to Sofr and scrap a minimum spread rule -
Ares prints tight new CLO at $607.5 million
2 years ago
Ares Management on Thursday priced the largest US CLO of the month so far, teaming up with Goldman Sachs to issue Ares LXII at $607.5 million -
Nuveen and Sixth Street turn CLO reset attention to older deals
2 years ago
Nuveen and Sixth Street both reset an older vintage CLO on Friday, with the two managers reworking $850 million worth of legacy transactions -
Fitch places 102 US CLO tranches under 'observation' following methodology changes
3 years ago
Fitch Ratings says it has placed 102 tranches issued by 43 US CLOs and 13 tranches by seven Trups CDOs under criteria observation, following the update to its CLO and corporate CDO rating criteria earlier this month -
Carlyle passes $4 billion in yearly issuance with record eighth new US CLO
3 years ago
Carlyle Group's 2021 CLO issuance has reached $4.3 billion after the firm priced a record eighth new US CLO of the year on Tuesday -
CLO pipeline: Carlyle unstoppable as PGIM looks to tighten double As
3 years ago
The CLO machine is refusing to slowdown, churning out deals as the US market is set to welcome a flurry of deals in the coming weeks – with 18 new issues, 14 resets and 10 refinancings in the marketing stage. -
Weekly refi volume passes $5 billion as five CLOs price
3 years ago
Another $2.06 billion of CLO refinancings priced in the US on Friday, bringing the weekly total to over $5 billion -
US CLO league tables: deja vu as static CLO gets primary market moving
3 years ago
It's deja vu all over again with a static CLO opening the primary market for the third consecutive year -
Global CLO league tables - January 2021
3 years ago
Global CLO league tables - January 2021 YTD -
Bain refinances CLO six months post-reinvestment
3 years ago
Bain Capital has refinanced three tranches of a CLO that left its reinvestment period in August -
PGIM completes first multi-tranche floating-rate CLO refi since February
3 years ago
PGIM has hastened the return of pre-covid-style CLO refinancings by cutting the funding costs on multiple floating-rate debt tranches of its 2014-vintage CLO named Dryden 36 Senior Loan Fund -
Skews flip in Europe after IG credit indices lead rally
3 years ago
Credit spreads are budging wider this morning after a relentless rally this week which culminated in iTraxx Main tightening 4.2bp (7.2%) and iTraxx Crossover tightening 18.8bp (5.54%) at the close yesterday -
Fracking servicer FTS files for chapter 11 protection
4 years ago
Fracking servicer FTS International filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas Houston yesterday. The credit is not widely featured in CLOs with only nine managers holding $47.9 million of FTI’s term loans -
OC health check: CLOs pay $1.3 billion on senior tranches as payment dates come due
4 years ago
Senior debt holders received $1.3 billion of principal from CLOs that breached an overcollateralisation test in July, a month in which the majority of scheduled payment dates fell. Of those deals suffering an OC breach, 190 were due to make a payment to noteholders and 57% were within reinvestment.
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