Dam breaks as first fully Sofr-CLOs shed light on price discovery
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

US CLO league tables: Blackstone and Citi win new issues but CSAM and JP Morgan take overall issuance crown
The US CLO market had an extraordinary 2021 with almost $400 billion of overall issuance pricing as records were set for all forms of issuance

Global 2021 CLO league tables
Global 2021 CLO league tables

Marathon sees value in Sofr CLO tranche over fixed-rate option
Marathon Asset Management stole a march on other CLO issuers by including a Sofr tranche as part of a new issue transaction on 10 November via Bank of America. Officials at the company say the Sofr tranche makes a compelling alternative to a fixed-rate tranche

Carlyle refinances whole stack of 2019 CLO
Carlyle Group has teamed up with Bank of America to refinance the entire capital stack of Carlyle US CLO 2019-2

BlackRock and Irradiant refinance legacy CLOs
BlackRock and Irradiant Partners each refinanced a legacy CLO on Thursday

Global CLO league tables - Nov 2021 YTD
Global CLO league tables - Nov 2021 YTD

Blackstone uses CLOs as financing tool in new suite of deals
Blackstone Credit has added three non-traditional US CLOs to its collection this year

Cairn CLO becomes 30th 2020 Euro CLO to be reset
Bank of America arranged the €373 million transaction for Cairn, which cuts the CLO’s cost of debt by over 40 basis points 

CIFC pairs with Bank of America for $460 million CLO reset
CIFC Asset Management teamed up with Bank of America on Tuesday to reset its legacy CLO, CIFC Funding 2019-V

Brigade bolsters 2019 US CLO with refi
Brigade Capital Management has refinanced debt tranches of a US CLO it signed in 2019, tightening the capital stack

Irradiant three-year CLO reveals not much gRadiant in pricing curve
Irradiant Partners has priced its second new issue CLO of the month and third under the new Rad branding

Oak Hill issues tight double Bs in largest CLO in years
Oak Hill Advisors priced its largest CLO in over two years on Friday and the fourth largest in its history as a CLO issuer

Bain circles CLO market tights with new issue triple As at Libor plus 114bp
Bain Capital Credit priced its latest new US CLO on Tuesday with the triple A notes yielding just 114 basis points over Libor

CLO managers refi $1.7 billion across four deals
Four CLO managers refinanced legacy deals on Tuesday, for a total $1.7 billion

Sofr/Libor CLO basis rises to 20bp as Marathon prints double As with alternative benchmark
Bank of America has inked the second Sofr CLO tranche as part of a $429.6 million new issue deal for Marathon Asset Management

Triple A trio emerges again as Golub prints third new US CLO of the year
Golub Capital priced its third broadly syndicated US CLO new issue of the year yesterday via Bank of America, with the CLO's triple As split into three

US CLO league tables: Palmer Square stands tall in land of the CLO giants
The US CLO market has extended its run of incessant issuance with October having added $39.98 billion of CLO paper to the year’s tally, making it the second most productive month this year for overall and new issue volumes

Euro CLO league tables: Jefferies nips ahead of Barclays as overall leader
The European CLO market has added laurels to a record-breaking year with one of the highest issuance months for new paper.

CVC prices US CLO tight with 159.08bp cost of debt
CVC Credit Partners has priced a new CLO paying just 159.08 basis points weighted across the capital stack

Long duration high yield will overcome short-term rates carnage, says BofA
Bonds with inflation-protected real yield, longer duration, and especially those in the utilities sector are among the most compelling trades amid a phase of ‘policy paranoia’, according to Bank of America credit strategists

AIG, Five Arrows and Whitebox join CLO reset gravy train
AIG Asset Management, Five Arrows Managers and Whitebox Capital Management have all reset CLOs, with the three deals amounting to $1.16 billion

BofA adds to Euro CLO volume with Permira new issue and Spire triple A refi
Bank of America added €635.6 million to its European CLO arranging volume having priced a new issue for Permira and a partial refi for Spire 

CLO Census results: Citi and JP Morgan still top in US but Jefferies breaks through in Europe
Citi and JP Morgan are the clear favourites in US CLO arranging – the pair are locked in a close battle for supremacy over deal volumes and they have been voted joint-best at US CLO execution, according to the results of Creditflux’s CLO Census

ArrowMark refinances 2017 CLO triple A notes
ArrowMark Partners teamed up with Bank of America on Friday to refinance the triple A tranche of its legacy CLO named Elevation 2017-8