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Two US managers launch CLO funds geared towards dislocation
4 years ago
Tetragon Credit Partners and Octagon Credit Investors have become the latest managers to launch a CLO fund geared towards taking advantage of coronavirus-related distressed buying opportunities -
ArrowMark prices static US CLO as spreads drift wider
4 years ago
ArrowMark Partners has priced a static US CLO with triple As at 250 basis points, matching the print from GSO's Stratus Funding 2020-1 (another static deal) at the start of April -
CLOs price at par again as TCW joins select group of new issuers
4 years ago
TCW Asset Management today joined the ranks of CLO managers to issue since the coronavirus pandemic dislocated markets -
ICG scores tightest euro CLO print of 2020
4 years ago
Senior CLO spreads tightened in Europe today as Intermediate Capital Group priced its latest new issue, with triple As clearing at 92 basis points over Euribor -
Beneath the triple C: $1 billion of CLO credits take a dive
4 years ago
$957.9 million worth of loans held by CLOs suffered downgrades to triple C last month, with a further $442.1 million of existing triple C credits getting knocked lower still, according to the latest trustee reports on CLOi. -
CSAM launches first commingled fund geared towards CLOs
4 years ago
Credit Suisse Asset Management has launched its inaugural CLO equity fund, according to market sources, collecting nearly $150 million on a first close for the strategy -
GSO adds turbo tranche feature to European CLO as part of reset
4 years ago
GSO Capital Partners has issued a novel single B-rated European CLO tranche that is designed to amortise quickly -
Orchard targets CLO investments in fruitful year of fundraising
4 years ago
Orchard Global Asset Management is in the process of fundraising for its first CLO focussed fund, according to market sources. The firm is targeting the global CLO market and looking across the capital stack. -
Global CLO b-wic round-up: control stake trades as junior notes come to the fore
4 years ago
The European and US CLO secondary markets produced high volumes of junior and subordinated notes last week. Over 30% of listings were rated as equity, single B or double B. -
US loan trading: Caesars marches out of CLOs as Blackstone rolls in
4 years ago
With $158 million of its term loan leaving the hands of CLO managers, Caesers Entertainment was the most sold issuer in June -
Global CLO b-wic round-up: Europe and US an ocean apart as flows reverse
5 years ago
Last week saw €102.35 million of European CLOs listed on the secondary market, only the second instance of 2019 with over €100 million of items put up for auction, but the US CLO b-wic market closed a strong month with a down week. -
US CLO managers look to scale flat WALs in search of flexibility
5 years ago
The anticipation of a downturn in the credit cycle has made investors turn their attention toward document provisions that give CLO managers flexibility -
Tetragon raises $430 million for new CLO equity fund
5 years ago
Tetragon Credit Income III closes with total commitments of $430 million -
Euro CLO b-wic round-up: mezz is where the money is
5 years ago
This year, there has been one constant: junior mezzanine tranches have accounted for most listings on the secondary market -
US CLO b-wic round-up: fixed tranches search for secondary value
5 years ago
US CLO b-wics brought a surprise last week as $51.25 million of fixed double A notes became available in the secondary market -
Euro CLO b-wic round-up: triple A notes boost volumes
5 years ago
At first glance, the European CLO secondary market has matched its US counterpart with b-wic volumes peaking last week -
US CLO round-up: Unfazed by risk retention uncertainty, a busy market tests reissue and L-shape trends
6 years ago
Qualms about the future of risk retention regulations have not impeded a busy week in primary market CLOs, with managers dabbling in reissues, L-shaped deals and shorter non-calls -
US CLO manager becomes fifth to opt for L-shaped risk retention strategy
6 years ago
A New York manager has become the first CLO manager fo the year to opt for the little-seen retention strategy -
Global CLO giant markets its third billion dollar-plus deal in the last 12 months
6 years ago
The $1.02 billion CLO is expected to price next week via Goldman Sachs, according to market sources -
BlueMountain resets 2013 CLO in $430 million deal
6 years ago
The manager, which has typically opted for refis, priced the $430.05 million transaction yesterday -
Anchorage upsizes 2015 CLO by 36.6% with new refi deal
6 years ago
The manager refinances $595.75 million of liabilities and injects $74.5 million equity -
CLO round-up: it's a good time to be a debut manager
6 years ago
New managers are taking advantage of welcoming debt investors by speedily raising CLOs. Our analysis shows that 2017 is the perhaps the best time to price a debut CLO since 2013 -
Tennenbaum CLO suggests increasing demand for mid-market deals
6 years ago
Middle-market CLO spreads have taken a giant step tighter following Tennenbaum Capital Partners' $350.85 million CLO -
Wells Fargo adds step-up tranche as it prices mid-market CLO
6 years ago
Wells Fargo has priced a $300 million CLO which features a step-up tranche that activates after two years
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