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Fidelity places triple A notes at 133bp in latest new CLO
2 years ago
Fidelity Investments priced its first new CLO of the year this week, placing the deal's triple A notes at 1.82 basis points tight of the 10-day average -
CLO mezz investors are homing in on documentation: Morgan Stanley
2 years ago
European CLO mezzanine investors paid close attention to documentation over the past 12 months, with junior overcollateralisation test criteria, weighted average life extesions and approval for collateral quality key areas of focus, say Morgan Stanley strategists -
Fixed-rate CLO tranches emerge ahead of rate rises
2 years ago
Floating rate benchmarks — whether Sofr or Libor — have risen sharply this year ahead of interest rate hikes in the US, and that has coincided with a flurry of new issue CLOs that have incorporated fixed-rate debt tranches -
Gulf Stream builds on Apollo support with US CLO
2 years ago
Gulf Stream Asset Management priced its latest CLO on Friday with Apollo Global providing co-manager duties -
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 -
Park Avenue prints first new CLO in over six months
2 years ago
Park Avenue Institutional Advisers on Friday priced its first new CLO in over six months -
PGIM becomes third manager this year to reset 2015 Euro CLO
2 years ago
PGIM has paired with Morgan Stanley to reset its 2015 deal Dryden 39 -
AIG, BlackRock, First Eagle and GoldenTree bring weekly CLO reset volume to $5.9 billion
2 years ago
Four managers capped off a huge week for US CLO reset activity by reworking 2019 deals, bringing weekly reset volume to $5.85 billion across 12 transactions -
PGIM switches 2019 CLO to Sofr with refi
2 years ago
PGIM has shifted the liability stack of its 2019 CLO named Dryden 80 to pay off Sofr by refinancing the deal on Friday -
Dam breaks as first fully Sofr-CLOs shed light on price discovery
2 years ago
AB, Palmer Square Capital Management and New York Life Investment Management on Friday became the first CLO managers of deals with a full capital stack linked to Libor replacement rate Sofr, shedding light on the price discovery process after weeks of speculation -
Blackstone 2021 CLO volume tops $8.5 billion with 16th new issue
2 years ago
Blackstone Credit returned to the CLO primary market yet again on Friday to print its 16th new issue of 2021 -
CLO 2022 Outlook: 2021 is hard act to follow, but CLO buyers have positives aplenty
2 years ago
New CLO issuance in 2022 will remain elevated but below 2021’s record numbers, banks agree. But there is no consensus among strategy desks on the volume of repricings to come, partly due to the unknown impact of the Sofr transition. -
Octagon and Pimco tap CLO refi market
2 years ago
Octagon Credit Investors and Pacific Investment Management Company each turned to the CLO refi market on Thursday resulting in just short of $800 million pricing -
Voya cuts CLO costs across stack with 2019 reset
2 years ago
Voya has reset a US CLO it printed in 2019, slightly increasing the size of the deal and shaving the price of every debt tranche in the capital structure -
Barings prices short-dated reset of 2016 CLO
2 years ago
Barings priced a reset of Barings 2016-II last night, according to market sources, and opted for a short-dated 2.1 year reinvestment period -
Blackstone uses CLOs as financing tool in new suite of deals
2 years ago
Blackstone Credit has added three non-traditional US CLOs to its collection this year -
Oak Hill resets 2016 European CLO via Morgan Stanley
2 years ago
Oak Hill Advisors has reworked its 2016 European CLO Oak Hill European CLO V -
Marble Point cuts CLO tranches into bite-size pieces as Morgan Stanley lays table for three
2 years ago
Marble Point Credit is among three US CLO managers giving thanks to Morgan Stanley after the bank priced three deals ahead of the US public holiday today -
CarVal keeps it clean as it leverages ESG technology for US CLO
2 years ago
CarVal Investors on Wednesday produced the first of its ‘clean’ CLOs in a $433.6 million deal arranged by Morgan Stanley that is among the few this year to have single B debt -
Neuberger serves up same old CLO triple A print
2 years ago
Neuberger Berman has priced its seventh new US CLO of the year, and fourth consecutive deal with a triple A print at 113 basis points -
Golub prices second billion dollar and second-largest CLO of 2021
2 years ago
Golub Capital has priced the second largest CLO of 2021 -
Oaktree prices second consecutive US CLO via Morgan Stanley
2 years ago
Oaktree Capital Management teamed up with Morgan Stanley on Monday to print a $406.4 million new CLO named Oaktree CLO 2021-2 -
Signal Peak takes CLO scorecard to 10
2 years ago
Signal Peak Capital Management (Orix Advisers) has priced a US CLO, its first new deal since July, at $407 million -
Anchorage resets low-levered 2020 CLO
2 years ago
Anchorage Capital has reset a 2020 US CLO with pricing at decent levels compared to a new issue it launched a month ago. -
Brigade reworks 2019 CLO in line with another recent reset
2 years ago
Brigade Capital Management has reset its second CLO in the space of a few weeks with near identical prints
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