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Europe sees another tight print
4 months ago
CVC added to last week’s rush of European deals with CVC Cordatus Loan Fund XXXI – the manager’s seventh transaction of the year -
Big is beautiful for latest Antares MM CLO
6 months ago
Last week saw Antares Capital Advisers price its first new CLO of the year, a giant middle-market deal that also priced extremely tightly -
Reset wave continues with 2018-vintage Palmer Square deal
7 months ago
Palmer Square Capital Management has reset its 2018 vintage Palmer Square CLO 2018-1 deal. Citigroup served as arranger of the deal. -
Antares resets 2019 vintage MM CLO
7 months ago
Antares Capital Management undertook its first primary market pricing activity of the year last week, with a middle market reset of a 2019-vintage deal arranged by SMBC Nikko -
Large CLO investor sells three post-reinvestment anchor equity positions
1 year ago
Three control equity positions were on sale on Thursday at 9am EST (2pm GMT) in the same list. The bwic listing was made up of three 2017 US CLOs, all of which are post-reinvestment and have not been reset in the years since -
Mid market CLO league tables: Golub makes it six straight while Natixis blows away the competition
1 year ago
In a trying year, issuance of mid market CLOs dropped a considerable amount. Total volumes dropped from $43.6 billion in 2021 to $20.8 billion in 2022, a 52% decrease year-on-year -
Global 2022 CLO league tables
1 year ago
Global 2022 CLO league tables -
Mid market CLO league tables: Golub scores in 90th minute as Natixis leads banks
1 year ago
Golub Capital left it late, but the prolific mid market CLO manager wrestled the lead in new issuance from Blackstone Credit last month -
Mid market CLO league tables: HIG returns to CLOs while Natixis gallops further ahead
1 year ago
Three managers priced a mid market CLO in October as volumes crossed $1 billion for the third straight month -
Chicago-based manager prints first new CLO in over three years
2 years ago
Chicago Fundamental Investment Partners has made a long-awaited return to the CLO primary market by pricing its first new issue deal in over three years -
Mid market CLO league tables: No change up top but KKR and Silver Point enter race
3 years ago
The mid market CLO space welcomed two new faces to its ranks last month as Silver Point Capital and KKR priced a new issue CLO each -
Mid market CLO league tables: stalwarts Golub and Natixis reign supreme again
3 years ago
It may have taken seven months, but the mid market CLO league tables have familiar faces at the top with Golub Capital and Natixis leading the way in manager and arranger issuance, respectively -
Mid market CLO league tables: BlackRock takes new issuance lead with unusual deal via Morgan Stanley
3 years ago
BlackRock became the third mid market CLO manager to price two new issues this year and in doing so took the lead from Golub Capital in mid market CLO new issue league tables -
Global CLO pricing lab: investors get over fatigue and embrace reset roll over
3 years ago
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues -
Mid market CLO league tables: Antares and Wells Fargo press reset to lead market
3 years ago
Following March's $5.87 billion, the busiest month of mid market CLO issuance since at least 2016, April felt like a quiet month for mid market CLOs with $2.26 billion pricing across three new issues, two resets and one partial refinancing -
Global CLO league tables - April 2021 YTD
3 years ago
Global CLO league tables - April 2021 YTD -
Morgan Stanley flies the banner for Brigade and Maranon new CLOs
3 years ago
Morgan Stanley printed two new CLOs this week after scoring mandates from Brigade Capital Management and Maranon Capital -
Global CLO league tables - February 2021 YTD
3 years ago
Global CLO league tables - February 2021 YTD -
Mid market CLO league tables: Billion dollar reset and tech CLO kick-start issuance
3 years ago
Mid-Market springs to life as winter winds down -
Natixis scores CLO hat-trick with AB, OFS and Cerberus
3 years ago
The CLO primary desk at Natixis went on a $1.2 billion CLO spree on Friday, pricing deals For AB Private Credit Investors, Cerberus Business Finance and Orchard First Source -
Eagle Point makes large investment in rival's CLO fund
3 years ago
Eagle Point Credit Management has made a large investment in the preferred stock in a competitor's publicly traded CLO fund -
Gulf Stream employs 'additional issuance' option to complete novel CLO upsize
3 years ago
Gulf Stream Asset Management has upsized the entire capital stack in Gulf Stream Meridian 2 five months after the deal was closed, in what is thought to be first 2.0 CLO to opt for an upsize after closing date -
[update] Beneath the triple C: theme parks take portfolios on downward ride
3 years ago
Seven corporate debt issuers were downgraded to triple C or below in September by Moody’s or Standard and Poor’s – hurting $2.16 billion of US CLO loans and €1.16 billion of European CLO portfolio. The pace of CLO loan downgrades to triple C has slowed steadily since the peak in April -
Global CLO b-wic round-up: dealers get involved amid rally, but dispersion persists
4 years ago
The CLO secondary markets returned to form last week with $716.2 million of US CLO bonds and a further €306.5 million of European CLO paper listed. Although for both markets over half of the total volume listed came from Thursday’s scheduled b-wics -
OC health check: CLOs pay $1.3 billion on senior tranches as payment dates come due
4 years ago
Senior debt holders received $1.3 billion of principal from CLOs that breached an overcollateralisation test in July, a month in which the majority of scheduled payment dates fell. Of those deals suffering an OC breach, 190 were due to make a payment to noteholders and 57% were within reinvestment.
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