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Oaktree prints new US CLO while Deerpath resets mid-market deal
1 year ago
The US CLO market has added to its June transaction tally, with Oaktree Capital pricing a new issue while Deerpath Capital Management reset a 2018 vintage mid-market deal -
US investors welcome flurry of CLO new issues
1 year ago
The UK may have been off from Thursday for the Jubilee holiday, but in the US the primary CLO pipeline proceeded apace with several new issues hitting the market before Friday’s close -
BofA revises Euro CLO new issuance forecasts downwards
1 year ago
Bank of America CLO strategists have cut their base case forecasts for European CLO volume in 2022 to €22.6 billion for new issues and €10 billion for refi/resets, citing slower economic growth and higher tail risks. But further market disruption could take new issuance down to €16.5 billion, they warned -
European secondary volumes rise through ups and downs
1 year ago
Europe’s secondary CLO market has been boosted by elevated supply as primary issuance trickles amid market volatility. Sources indicate that around €370 million of paper appeared on b-wics across the capital stack in each of the first two weeks of May. -
Generate adopts unusual non-call structure for new CLO as triple As hit 160bp
1 year ago
Generate Advisors has priced a new CLO with an unusual non-call structure -
Octagon prices its largest CLO with high-rated mezz
1 year ago
Octagon Credit Investors on Friday priced its largest ever CLO, and the largest broadly syndicated loan-backed CLO in the market this year -
Angelo Gordon prints 30th European CLO new issue of 2022
1 year ago
The €447.95 million deal, named Northwoods Euro CLO 26, brings CLO new issuance volume this year to €12.6 billion, according to Creditflux data -
Euro CLO league tables: PGIM and Jefferies lead as Euribor caps come back in fashion
1 year ago
April was the quietest month of the year in the European CLO market with only €2 billion pricing across four new issues and one reset -
US CLO league tables: Blackstone gets back to business as it rises to the top
1 year 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 -
Global CLO league tables - April 2022 YTD
1 year ago
Global CLO league tables - April YTD -
Managers look at rating agency combos as weighted average life drops
1 year ago
CLO managers are looking closely at rating agency pairings as investors opt for shorter risk horizons, according to market participants. -
Blackstone achieves tightest US CLO debt stack in over a month
2 years ago
Blackstone Credit has secured the tightest debt execution for a five-year reinvestment CLO in over a month, printing a new deal with funding costs of 193.12 basis points -
CIFC prices fourth US CLO of year while Bain prints third
2 years ago
CIFC Asset Management and Bain Capital Credit each priced a new CLO on Wednesday, with the two deals totalling over $1 billion in new issuance -
Mezz and junior debt tighten sharply with BlackRock European CLO
2 years ago
BlackRock has issued its latest European CLO via Bank of America, with pricing on lower mezzanine tranches pointing to tightening in the market -
Global CLO league tables - March 2022 YTD
2 years ago
Global CLO league tables - March YTD -
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 -
BlackRock Euro CLO set to price, with KKR and ICG in line and 115bp emerging as triple A benchmark
2 years ago
BlackRock is expected to price a European CLO issue today via Bank of America. The immediate CLO pipeline is thin, but KKR is marketing a deal via Morgan Stanley and ICG is marketing via Citi -
Trinitas boosts CLO footprint with $505 million new issue
2 years ago
Trinitas Capital Management priced a new CLO on Friday, boosting its CLO footprint further after it bought five CLOs managed by Carlson Capital announced earlier in the day -
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 -
US CLO triple As drift out to 157bp as KKR prints second US CLO of the month
2 years ago
KKR has priced a new CLO complete with a four-year reinvestment period and a 157 basis point triple A coupon -
CLO managers price with short, medium and long reinvestments as pricing widens
2 years ago
Ares Management, Golub Capital Partners and Partners Group each priced a new CLO on Friday, with each manager taking a different approach to the various duration structures that have arisen amid the current market volatility -
Four-year KKR US CLO nears pricing as BofA markets two deals
2 years ago
Bank of America is looking to build on the momentum that has taken it to the top of the US CLO new issue league tables with sources indicating the bank is working on deals for KKR and WhiteStar Asset Management -
CLO equity returns to flatten while Sofr transition gains fresh impetus: BofA
2 years ago
CLO equity returns are forecasted to be relatively low in the first half of the year, and as this plays out there could be greater incentive for equity investors to push for a switch in CLO benchmark to Sofr. -
Bain achieves strong triple A execution on second US CLO
2 years ago
Bain Capital Credit priced its second US CLO of the year on Friday, with strong triple A execution on the $606.2 million deal -
Elmwood becomes sixth manager to print two new US CLOs in 2022
2 years ago
Elmwood Asset Management priced its second new CLO of the year on Friday, bringing its 2022 new issue volumes over $1.1 billion
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