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Carlyle resets 2019 vintage CBAM CLO with big equity injection
2 months ago
Carlyle Group has reset CBAM 2019-9, a BSL CLO first priced by CBAM Partners in 2019, in a deal that saw an additional equity injection -
CSAM refinances giant 2014-vintage US CLO
4 months ago
Pricing its second deal in the space of a week, Credit Suisse Asset Management is in the midst of a prolific February, with its latest transaction a sizeable USD 736.737m refi arranged by Nomura -
Beneath the triple C: Winter is coming for CLOs as downgrades outstrip upgrades
1 year ago
Both US and European issuers have felt downward pressure from the rating agencies as we head towards the end of the year, with downgrades to triple C now firmly outpacing upgrades out of it. -
Fortress goes for longer tenor as CLO spreads widen
1 year ago
Fortress Investment Group has priced a new US CLO with a four-year reinvestment period and pricing at the wider end of recent issues -
BofA markets new issue European CLO for GoldenTree
1 year ago
The manager priced its last European CLO new issue in February 2021 -
Five Arrows and Cross Ocean print Euro CLOs with triple As at 200bp
1 year ago
Five Arrows Managers and Cross Ocean both priced European CLO triple As at 200 basis points over Euribor - one has a 4.5-year and the other a one-year reinvestment period -
Blackstone prints Euro CLO triple As at tight 170bp
1 year ago
Blackstone priced its latest European CLO yesterday with triple As pricing at least 50bp tighter than current market levels -
ICG resets European CLO for third time
2 years ago
Intermediate Capital Group has reset a 2013 European CLO transaction, having initially reset it in 2017, reissued in 2018 and reset the deal in 2018 -
Beneath the triple C: cinemas get clipped but default picture improves
3 years ago
14 corporate debt issuers were downgraded to triple C or below in October by Moody’s or Standard & Poor’s – hurting $3.15 billion of US CLO loans, €761.73 million of European CLO portfolios and $37.95 million of middle market CLOs loans, according to CLO-i. Cinema chains were among those to suffer last month -
Sculptor returns to European CLO market after 14-month absence
3 years ago
Sculptor has priced its first European CLO of the year via Barclays. The deal brings CLO issuance in October so far to a strong €2.4 billion and year-to-date issuance to just over €17 billion -
Euro CLO primary mezz snaps wider but senior holds firm as Ares and PGIM print
3 years ago
Fears around a second wave of coronavirus pandemic have pushed European mezzanine spreads wider since September, with new CLOs from PGIM and Ares Management underlining this shift -
Four-year CLOs return to Europe as CBAM makes breakthrough
3 years ago
Citi returns to the European CLO market after a six month hiatus, while CBAM delivers Europe's first four-year CLO post covid -
Garrison BDC agrees to merge with Portman Finance
4 years ago
As part of the transaction, Portman will assume Garrison’s on-balance sheet CLO liabilities upon closing -
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 -
Euro CLO round-up: debt investors own the floor as tempo picks up
4 years ago
It was one of those rare weeks in Europe when volumes surpassed the much larger US CLO market and, to cap it all off, spreads made a big jump tighter. -
US CLO round-up: Fed up of waiting
4 years ago
The US CLO market made a bright start this year, but 2019 now lags 2018 and 2017 after a weak August checked its momentum. This has left some pinning their hopes on a favourable outcome to the US Federal Reserve meeting this week, amid political overtures to up its game in the wake of the European Central Bank's stimulus package -
KKR resets 2016 euro CLO as triple A spreads drop back into double figures
4 years ago
Triple A spreads tightened for the second consecutive day in Europe yesterday as KKR reset its 2016 CLO Avoca XVII -
Euro CLO league tables: at long last - a reset, a refi and a debut
5 years ago
A chill swept through the European CLO market in April. While managers priced €3.16 billion of CLOs, it was the slowest month since January. -
US CLO round-up: Dry January ends early as spreads get hammered
5 years ago
Is the 2019 vintage going to be a classic? It's certainly started off slow, but it could mature into something very special if loan volatility persists -
European CLO round-up: single B basis between US and Europe narrows
5 years ago
The European CLO market finally came out of its issuance shutdown on Friday when Credit Suisse Asset Management partnered with Barclays to price Cadogan Square CLO XIII. -
KKR prices new US CLO with triple As at 137.72bp
5 years ago
KKR Financial Advisors priced its first new issue CLO of the year on Friday named KKR CLO 24 -
Global CLO round-up: there's something for everyone as CLOs put on a good spread
5 years ago
This week, equity investors have something to be thankful for with triple A CLO spreads showing signs of tightening -
LCM prices CLO with MUFG for the first time in $749 million reset
5 years ago
LCM Asset Management has priced its largest CLO transaction of the year, resetting the largest deal in its arsenal -
Nassau prices its largest CLO yet with $611.9 million deal via JP Morgan
5 years ago
Nassau Corporate Credit returned to the CLO market on Friday to price its fourth – and largest – new issue deal, according to market sources -
Global CLO round-up: what goes around comes around
5 years ago
It is no news that spreads are reverting back to the elevated levels of last year and, with each new deal pushing the market wider, the rolling three-month term curve in the US has been forced to stretch and move left, right and centre.
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