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AGL prices fifth CLO this year
5 months ago
AGL Credit Management this week continued its rapid advance in the CLO space pricing its fifth deal of the year in a USD 399.85m new issue CLO arranged by Société Générale. -
NYL Investors prices new US CLO
6 months ago
New York Life Investment Management has returned to the CLO market for the first time since March, pricing a new USD 406m transaction this week -
Birch Grove prices new US CLO
6 months ago
As part of a busy end-of-week for new US CLOs, Birch Grove Capital priced its new US deal Birch Grove CLO 7 on Friday -
Wellington prices first CLO 2.0 deal
7 months ago
Wellington Management became the newest US CLO manager last week as the Boston-based manager priced Wellington Management CLO I -
Lights go out for Heritage Power with 120 CLOs left in the dark
1 year ago
US based power plant operator Heritage Power filed for chapter 11 bankruptcy in the bankruptcy court of Texas on Tuesday night, impacting $124.45 million of assets held by 120 US CLOs. -
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. -
Panagram assembles private mid-market CLO
1 year ago
Panagram Asset Management has put together the latest in a series of middle market loan CLOs in the form of Cedar Crest 2022-1 -
Monroe prints second middle market CLO of the year
1 year ago
Monroe Capital Partners priced its first middle market CLO since February on Tuesday, and the largest middle market CLO in four months -
Mid market CLO issuance tops $7 billion with first AB deal of year
1 year ago
Middle market CLO issuance for 2022 surpassed $7 billion on Friday after AB priced its first mid market new issue of 2022 named ABPCI Direct Lending Fund CLO XI -
US CLO spreads tighten as Palmer Square sets benchmark
1 year ago
Palmer Square Capital Management priced a new CLO via Bank of America on Tuesday, scoring the market's tightest debt execution in over a month -
Allstate prices US CLO with tight coupons as triple As hit 205bp
1 year ago
Allstate Investment Management has priced its second CLO of the year at what appears to be a much tighter level than other five-year US deals -
CLO triple As fetch new wides as Redding Ridge prints at 220bp
1 year ago
CLO triple A notes reached new wides on Thursday as Redding Ridge Asset Management placed its latest CLO's first pay notes at Sofr plus 220 basis points -
New Benefit Street CLO prices tight of market averages
1 year ago
Benefit Street Partners priced a new CLO on Wednesday with triple A notes 3.8 basis points tight of the 10-day rolling average -
Beneath the triple C: CLOs benefit as upgrades make for lighter triple C buckets
3 years ago
For the first time since the sell off in March last year, downgrades to triple C have come to a near-standstill -
Golub partners with GreensLedge for second reset of 2014 deal
3 years ago
The manager paired with Greensledge on the CLO's first reset in April 2017 -
US and European control CLO positions land in secondary market
3 years ago
The first control equity positions of 2021 for the European and US CLO markets were listed in the secondary market on Thursday -
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 -
OC health check: CLOs pay $1.3 billion on senior tranches as payment dates come due
3 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. -
Global CLO b-wic round-up: spreads widen in short week to end manic June
3 years ago
A shortened week brought an end to a manic month of secondary CLO activity. $343.5 million of US CLO and €309 million of European CLO paper was on sale last week, dropping $1.05 billion and €170 million from the previous week -
Gulf Stream prices upsized CLO as demand picks up
4 years ago
Gulf Stream Asset Management has priced a second CLO following its longawaited return to the market earlier in the year -
Beneath the triple C: April showers send buckets overboard
4 years ago
Downgrade waves rocked the CLO market in April as Moody's and Standard & Poor's downgraded 135 corporate borrowers to triple C or below, from ratings above that level. The downgrades put CLOs in rough waters as $41.6 billion of such loans are prevalent in US CLOs while €5.64 are moored in European CLO portfolios – affecting 5.92% of the US market and 4.37% of the European market -
OC health check: first senior breach in middle market pushes CLO tally to 13
4 years ago
41 CLOs have breached an overcollateralisation test in the last week, according to the latest trustee reports on CLO-i, taking the overall total to 182 -
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 -
Global CLO b-wic round-up: $8 billion of US CLOs listed in record-breaking March
4 years ago
Last week brought an end to the busiest month in both the US and European CLO secondary markets since at least 2014. $7.7 billion of US CLO paper was on sale in March with a further €1.8 billion of European CLO bonds available, bringing the total listed in Q1 to $13.9 billion and €3.6 billion -
Neuberger goes down in duration with one-year US CLO
4 years ago
Neuberger Berman has adapted to the sell-off in credit markets by launching a one-year reinvestment CLO, as opposed to a five-year deal
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