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Landmark new CLOs from Barings and Oak Hill pull triple A spreads to 175bp
1 year ago
Barings and Oak Hill Advisors priced new CLOs on Wednesday, securing the tightest triple A debt spreads since June last year in the process -
Beneath the triple C: Life could be better, but it’s just a letter, under the CCC
1 year ago
Many market participants were eagerly looking forward to a break in December after a gruelling year, but the rating agencies were in no mood to oblige. -
Tikehau prints second new issue of the year
1 year ago
Tikehau Capital has priced its second new issue of the year, partnering with Goldman Sachs and Societe Generale on Tikehau VIII -
Static European CLOs gain traction with Onex marketing via Citi and NatWest
1 year ago
Onex Credit Partners is marketing Europe’s seventh static CLO of the year -
CVC and PGIM add to European CLO new issue surge
1 year ago
CVC and PGIM joined Ares, Neuberger and Oaktree in pricing new issues last week -
Europe welcomes four new CLOs in a day after nothing for one month
1 year ago
No issuance to speak of in a month, and then four CLOs come along at once -
Four Euro CLOs emerge with target pricings as early as tomorrow
1 year ago
According to the latest marketing blasts, WhiteStar is targeting pricing tomorrow, Palmer Square and Cross Ocean are aiming for ‘as early as’ tomorrow and Five Arrows will aim for early-to-mid next week -
BlackRock prints first MM CLO in over a month
1 year ago
BlackRock broke the middle market CLO silence on Thursday by pricing its latest deal, named BlackRock Maroon Bells CLO XI -
Beneath the triple C: ebbs and flows leave triple C levels at a temporary stasis
1 year ago
Following a rising tide of downgrades in May the loan market stabilised somewhat in June, with seven issuers held by CLOs downgraded to triple C and a counter-swell of five names upgraded to single B. -
Hayfin short-dated Euro CLO features loan tranche and StanChart as co-placement agent
2 years ago
Hayfin Capital Management has become the latest manager to print a shorter-dated, 3.13-year reinvestment European CLO -
Packaging company Schur is painful for European CLOs
2 years ago
The dramatic fall in loans taken out by Austrian flexible plastic packaging manufacturer Schur Flexibles has shocked CLO managers. The firm is hiring PJT Partners and Allen & Overy ahead of a potential restructuring -
Euro CLO triple As show signs of succumbing to macro volatility as €1 billion paper prints
2 years ago
Over €1 billion worth of European CLO paper priced on Wednesday with two new issues from KKR and Spire, alongside a reset from ICG -
CLO 2022 Outlook: 2021 is hard act to follow, but CLO buyers have positives aplenty
2 years ago
New CLO issuance in 2022 will remain elevated but below 2021’s record numbers, banks agree. But there is no consensus among strategy desks on the volume of repricings to come, partly due to the unknown impact of the Sofr transition. -
Sculptor moulds unusual debt/equity hybrid tranche into new US CLO
2 years ago
Sculptor has issued a CLO with a senior equity tranche, which pays a recurring coupon -
Trimaran goes long with five-year US CLO as it splits triple Bs
2 years ago
Trimaran Advisors has priced its second new CLO of 2021, and first with a full five-year reinvestment period. -
Global CLO trading lab: Seasoned equity prices lag as debt spreads level out
2 years ago
The CLO secondary market took a back seat to the surging primary market in August and September with secondary US CLO volume accounting for just 3.7% and 4.2% of the total US CLO market (primary and secondary volumes). But opportunities are there in CLO equity tranches -
BlackRock and Oaktree reset and upsize legacy CLOs
2 years ago
BlackRock and Oaktree Capital Management have reset legacy CLO deals with both managers opting for an upsize -
Unusual double As jump tighter as BMO keeps it in-house again with CLO refi
2 years ago
BMO has refinanced a CLO for BMO that resulted in junior double As moving much tighter relative to senior double As -
BlueMountain US CLO reset splits triple B piece
3 years ago
Assured Investment Management has reset a 2019 vintage CLO, tightening the top tranches. The reset also split the triple Bs into two pieces. -
Oak Hill injects $28.5 million equity and splits triple Bs in US reset
3 years ago
Oak Hill Partners has injected an $28.5 million of equity in its reset of OHA Credit Partners X-R -
2020 European CLO absentee hits 80bp triple A tights while mezz trails wider
3 years ago
Barclays arranged the €407.5 million transaction on Friday -
Commerzbank prices CLO as it replaces Tikehau-bound official
3 years ago
Deutsche Bank arranged the €360.5 million deal for Commerzbank -
Assured hits benchmark in second pairing with Barclays on European CLO
3 years ago
Assured Investment Management has teamed up with Barclays to print its latest European CLO, BlueMountain Euro CLO 2021-1 -
Credit manager prices second tech-focused CLO after 2.5-year break
3 years ago
Vista Credit Opportunities has priced its second ever CLO backed by loans to middle market companies in the technology sector -
European CLO mezz tightens as Napier Park prices
3 years ago
Napier Park priced its fourth European CLO today, Henley CLO IV, which has notched up the second-tightest cost of debt since March - and tightest for a deal with single B debt
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