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Invesco prices fourth US CLO of 2023
6 months ago
In a busy pricing day for US CLOs, Wednesday’s largest deal saw Invesco price almost half a billion dollars’ worth in its latest offering, Invesco CLO 2023-4 -
Loan Highlights 3Q23: Loan volumes remain significantly lower than historical averages
7 months ago
Capital markets loan activity continued to struggle in the third quarter of 2023, as issuers in the Americas and Europe held off from tapping markets -
Double-dip refinancing hits US leveraged loan
8 months ago
Wheel Pros, a name still held by 219 CLOs with $414 million of total principal, announced details of a new refinancing deal last week featuring a controversial double-dip structure -
Second BlueBay CLO in a month shines a light on spread tightening
8 months ago
BlueBay priced its fourth US CLO on Friday, arranged by parent company RBC. Both CLOs have almost identical structures allowing for a comparison on recent primary spread tightening. -
CLO funds are hot in summer as they take nine spots in top 10 (Fund performance)
8 months ago
CLO funds took the lead through summer as the returns of the category index reached 1.88% and 3.18% in June and July, respectively. Both months saw a CLO fund as the top performer — Sound Point Meridian in June, and Oxford Gate Master Fund in July. -
Big banks see small changes in CLO holdings — but that may change in third quarter
8 months ago
The major bank buyers of CLO triple A notes saw limited change in their holdings during the second quarter, according to their latest financial statements -
Golub prints 2023's third largest new CLO
9 months ago
Golub Capital priced the third largest new CLO of the year on Wednesday -
GoldenTree and Nuveen reset CLOs with senior notes yielding 170bp
9 months ago
GoldenTree Loan Management and Nuveen Asset Management each reset a July 2022-vintage CLO on Friday with both deals placing their first-pay debt tranches at Sofr plus 170 basis points -
BlueBay prints new US CLO via RBC and Apollo
9 months ago
BlueBay Asset Management priced a new US CLO on Wednesday at $398.25 million -
Nochu enters Redding Ridge-managed CLO at reset stage as two 2022 deals merge
9 months ago
Redding Ridge Asset Management priced the largest transaction of the year in the BSL CLO market after merging two 2022-vintage print-and-sprint CLOs -
CLO round-up: secondary market rallies amid increased primary supply
10 months ago
CLO primary activity increased across the board this week, with US new issue supply amounting to $1.8 billion - up 48.7% on the week prior - while in Europe supply increased 208.8% to €1.2 billion -
Sixth Street taps Goldman Sachs exec for co-chief investment officer
10 months ago
Sixth Street Partners taps Goldman Sachs veteran Julian Salisbury for co-chief investment officer role -
Irradiant surpasses $1 billion of CLOs issued in 2023
10 months ago
Irradiant Partners passed $1 billion CLO issuance volumes for 2023 on Thursday after printing its third new issue -
Primary loan and bond markets shows signs of revival, but at a cost
10 months ago
Activity in the US junk debt market has picked up after the 4th of July and the momentum is expected to continue through 2H23, but at a cost for issuers. -
Guggenheim returns to middle market CLO issuance after 18 months away
10 months ago
Guggenheim Investments priced its first middle market CLO in over 18 months on Thursday in a deal structured by Natixis -
New IACPM survey points to a global recession
10 months ago
Respondents to the latest IACPM Credit Outlook Survey overwhelmingly expect global economies to fall into recession either later this year or sometime in 2024. -
Oak Hill helps trend for 2022 resets take off
10 months ago
A new trend for resetting CLOs from the middle of last year seems to be developing, with OHA Credit Funding 12 resetting on Thursday, according to market sources. -
CLO market thaws as Onex prices
11 months ago
The CLO market seems to be back in business as Onex priced their third deal of the year, following on from yesterday's Bain CLO. -
Bain prints second largest BSL CLO of the year with tightest pricing in June
11 months ago
Bain Capital Credit priced the second largest broadly syndicated loan-backed CLO of the year on Tuesday -
Mid market league tables: Golub and Natixis team up to lead in issuance as HPS debuts
11 months ago
Five mid market CLO managers priced in May for a combined $2 billion monthly issuance. This marked the fourth straight month when mid market volumes crossed $2 billion -
Global CLO league tables - May 2023 YTD
11 months ago
Global CLO league tables - May 2023 YTD -
Palmer Square becomes second CLO manager to price six times in 2023
1 year ago
Palmer Square Capital Management has become the second CLO manager to print three deals in 2023, growing its yearly issuance volumes to $2.6 billion in the process -
Blackstone returns to US CLO new issues after seven months
1 year ago
Blackstone Credit priced its first new US CLO in seven months on Friday -
Global CLO league tables - April 2023 YTD
1 year ago
Global CLO league tables - April 2023 YTD -
Loan recoveries slump as investors bank on rebound
1 year ago
The average recovery rate for defaults in 2023 has declined considerably due to a combination of factors such as: cov-lite loans, priming activity in previous years, loan-only borrowers defaulting, and the sectors in which the defaults have been concentrated
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