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Chenavari returns to European CLO market after two-year absence
1 month ago
Chenavari Credit Partners returned to the primary market on Thursday for the first time in two years with a new European CLO valued at EUR 409.5m -
Chenavari strikes gold with senior CLO and ABS trading hire
1 year ago
Chenavari Investment Managers has made a senior hire to its European CLO and ABS trading team -
Euro CLO league tables: Jefferies takes huge lead as managers bunch up
2 years ago
The increased volatility and geopolitical risk brought about by Russia’s invasion of Ukraine meant European CLO issuance dropped off in March after a strong February -
Investcorp triple As hit 110bp in first Euro CLO of year
2 years ago
Jefferies arranged the €451.9 million deal, named Harvest XXVIII, which Investcorp upsized from €400 million -
Chenavari Euro CLO brings another co-placement agent role for Standard Chartered
2 years ago
JP Morgan was lead arranger and co-arranger on Chenavari’s latest €307.4 million deal, named Toro European CLO 8, with Standard Chartered a co-placement agent -
Global CLO trading lab: Payments season prompts equity to surge but short-dated bonds trade low
2 years ago
Over the last two weeks, $2.8 billion of US CLOs and €640 million of European CLO paper have appeared on b-wics, with equity making up 33% and 40% of the respective markets -
CLOs at a glance (January 2022)
2 years ago
A listing of CLOs that have priced in the last month -
Three managers think alike with refis of two-year European CLOs
2 years ago
Three European CLO managers hit the primary market on Friday to print two-year refinancings. This deal profile has been popular of late with seven such deals pricing in little over a month -
Morgan Stanley prints Euro CLO refis for Chenavari and GoldenTree
2 years ago
Morgan Stanley partially refinanced two 2019 vintage European CLOs managed by Chenavari and GoldenTree yesterday, adding €609 million to the arranger’s 2021 volume -
Chenavari pairs with Barclays for second Euro CLO reset in a month
2 years ago
-Barclays arranged the €373.75 million transaction yesterday, marking a second time partnership for the pair this month -
Siaci €202 million loan to leave CLOs after merger as new debt guided in low 400s
2 years ago
Burrus has outlined price talk on an €850 million loan backing its acquisition and merger with Siaci, a popular CLO credit -
Blackstone, Chenavari, CIFC and Five Arrows add €2 billion to weekly Euro CLO issuance
2 years ago
Nearly €2 billion of European CLO issuance priced this week, with Blackstone, Chenavari, CIFC and Five Arrows adding to Napier Park’s reset earlier in the week -
Chenavari returns to CLO primary with first new issue in 16 months
3 years ago
Chenavari has returned to the CLO primary market with its first new issue deal since July 2019 -
CLO pipeline: New issuance pause ends as managers look to gain from rallying spreads
3 years ago
It is two and a half weeks since the last US CLO new issue priced, but that is set to change and Bridgepoint’s debut European transaction on Friday brought an end to Europe’s own two-and-a-half-week primary break -
Listed credit fund sheds CLO triple As
4 years ago
Chenavari's listed credit fund, Chenavari Toro Income Fund Limited, has sold European CLO triple A paper to raise cash to answer margin calls related to CLO warehouse and CLO triple A repo exposures -
Euro CLO league tables: refi market opens up to give KKR best of both worlds
4 years ago
European CLO issuance in October crossed €5 billion for the second month this year as managers took advantage of falling spreads and increased demand. In one example, KKR obtained tight senior CLO financing to go with tight mezz spreads from 2017 in a demonstration of expert timing -
Chenavari joins growing group of CLO managers to refinance 2017 deals
4 years ago
Chenavari Credit Partners on Friday partially refinanced Toro European CLO 3, joining the small but growing list of managers to reprice 2017 CLOs in recent weeks -
Chenavari double debt tranche CLO warehouse reduces up-front cash call
4 years ago
Chenavari Investment Managers used a novel approach to warehousing its last European CLO, according to market sources. The firm priced Toro European CLO 6 on 12 July via Morgan Stanley, with sources indicating that the warehouse facility behind the deal had two debt tranches. -
Chenavari prices new issue CLO with triple As at Euribor plus 114bp
4 years ago
Chenavari Credit Partners priced a new issue CLO on Friday known as Toro European CLO 6, marking its first new issuance to come to market via Morgan Stanley -
CLO pipeline: managers return in force after varying time-outs
4 years ago
CLO managers in all markets are taking the view that the time is ripe to print their latest deals. There are 30 transactions in the US CLO pipeline this week with a further four in the middle market space and Europe -
Chenavari changes tack and chooses vertical risk retention in first CLO for 17 months
4 years ago
Chenavari Investment Managers is set to end its near 17-month absence from the CLO primary market -
CIFC announces four analyst hires in London
4 years ago
CIFC Asset Management says that it has completed phase one of its build-out of a European credit team -
London-based manager hires BAML to launch its debut European CLO
5 years ago
A large credit manager, with three US CLOs to its name, is preparing its debut European CLO -
London manager prices its largest ever CLO transaction via BNP Paribas
6 years ago
The manager teamed up with BNP Paribas to price its first CLO transaction of the year yesterday -
Chenavari originator aims to take risk retention positon in third party's CLO
6 years ago
Chenavari Toro Income Fund, the closed end fund listed on the London Stock Exchange, is poised to act as the risk retaining party for an upcoming European CLO being launched by a “well established CLO manager”
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