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CLOs at a glance (July 2021)
2 years ago
A listing of CLOs that have priced in the last month -
CLO pipeline: Man GLG resurfaces from six-year absence as deals exiting call-lock fill pipeline
2 years ago
CLO spreads have leaked out in recent weeks but deal economics are still favourable, encouraging managers to come back to the primary market for the first time this year -
US CLO triple As and mezz move out of sync as Fidelity and Voya refi
2 years ago
Triple A and mezzanine CLO tranches told different stories yesterday as two US CLOs, with very different profiles, refinanced -
Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
2 years ago
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources -
CLOs at a glance (June 2021)
2 years ago
A listing of CLOs that have priced in the last month -
Voya picks its spots with rework of triple As and triple Bs in unusual US CLO refi
2 years ago
Voya Investment Management has executed an unusual CLO refi transaction that cuts the spreads on just the triple A and triple B notes of a 2018 deal named Voya CLO 2018-4 -
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 -
Market absorbs three CLO refinancings worth $1 billion
3 years ago
Apex Credit Partners, Barings and Voya Investment Management have each refinanced a CLO, with the three deals totalling $1.02 billion -
Weekly refi volume passes $5 billion as five CLOs price
3 years ago
Another $2.06 billion of CLO refinancings priced in the US on Friday, bringing the weekly total to over $5 billion -
Voya puts forward two key people for US CLOs after Norman's retirement
3 years ago
Voya has named two replacement key persons on at least six of its US CLOs, following the retirement of co-group head of senior loans Dan Norman on 31 December -
Global CLO b-wic round-up: US lower mezz trades strong, but European piece softens
3 years ago
CLO investors have had no chance to catch their breath after a historic 2020 as US CLO secondary volume reached $3.3 billion and European secondary listings topped €1 billion in January -
January US CLO refi volume overtakes 2020 post-covid volume
3 years ago
Two CLO managers - Voya Financial and Sound Point Capital Management - priced CLO refinancings on Friday worth a total of $621.9 million, bringing total refi volume for January up to $5.56 billion -
Voya adds to double A and single B CLO exposure in Q3
3 years ago
Voya Financial added to its total CLO investments in the third quarter, with a sharp increase in the volume of double A and single B notes on its books, according to the firm's earnings call presentation which was released today -
CLO pipeline: fixed income giants plan debut 2.0s with Morgan Stanley
3 years ago
Two large fixed income managers are pre-marketing debut 2.0 CLOs -
Voya and ArrowMark refinance fixed triple A CLOs
3 years ago
Voya Investment Management and ArrowMark Colorado Holdings have each refinanced triple A-rated fixed CLO tranches. The two transactions both priced yesterday and total $29.5 million -
Four US CLO refis highlight diverging manager strategies
3 years ago
Four US CLO managers - Ares Management, GSO Capital Partners, Marathon Asset Management and Voya Alternative Asset Management - have each refinanced fixed-rate CLO tranches, with the four deals totalling $69 million in paper. But new strategies are beginning to emerge -
Voya passes $1 billion US CLO issuance in 2020
3 years ago
Voya Alternative Asset Management has surpassed $1 billion CLO new issuance since the March coronavirus sell off began, joining the ranks of managers to print three transactions in this time -
Fracking servicer FTS files for chapter 11 protection
3 years ago
Fracking servicer FTS International filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas Houston yesterday. The credit is not widely featured in CLOs with only nine managers holding $47.9 million of FTI’s term loans -
iQor files for chapter 11 with CLOs holding $260 millon
3 years ago
17 CLO managers hold $263.1 million term loans of customer services provider iQor, which filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas today -
Global CLO b-wic round-up: US CLO triple As finally rally while European investors go ‘all in’
3 years ago
A huge supply of $731 million of US CLO triple A bonds pushed US CLO secondary volumes to just shy of $1.5 billion last week -
Global CLO b-wic round-up: Palmer Square sets highest cover as double B curve inverts
3 years ago
Palmer Square and MJX set the CLO secondary market trading range, but pickings in Europe were the slimmest they have been in almost five months -
Voya achieves second-tightest CLO pricing since sell off
3 years ago
Voya Investment Management has printed Voya CLO 2020-2 via Natixis, the manager's second CLO since the March sell off. A source close to the deal says the CLO was fully syndicated with multiple investors in each tranche -
US CLO single Bs reach post-crisis tights despite rating pressure
3 years ago
US CLO single Bs are trading at their tightest levels since the coronavirus pandemic outbreak and ,while these bonds make up a tiny slice of the market, more and more instances of single B b-wics are ocurring -
Loan slump brings managers closer
A 19% slide in new US loan volumes last year has left CLO managers with fewer options in the primary market, and portfolio overlap between US managers has increased to 35.3% on average -
Voya prices first new issue US CLO of 2020
3 years ago
Voya Alternative Asset Management priced its first US new issue CLO of the year on Friday
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