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Carlyle CLO issuance blitz continues apace with ninth US new issue of 2021
2 years ago
Carlyle Group has broken its own record by printing its ninth new issue CLO of 2021, bringing its deal volumes for the year up to a huge $4.8 billion -
Carlyle passes $4 billion in yearly issuance with record eighth new US CLO
2 years ago
Carlyle Group's 2021 CLO issuance has reached $4.3 billion after the firm priced a record eighth new US CLO of the year on Tuesday -
Northleaf closes global private credit fund with $1.2 billion deployable capital
2 years ago
Northleaf Capital Partners has raised more than $900 million for its second private credit strategy, Northleaf Private Credit II -
Golub prints first broadly syndicated loan-backed CLO of 2021
2 years ago
Golub Capital Partners issued its first CLO of the year backed by broadly syndicated loans on Thursday -
CIFC upsizes April CLO and accommodates double B tightening
2 years ago
CIFC Asset Management has upsized its CLO named CIFC Funding 2021-III by $104.2 million between pricing and closing -
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 -
Morgan Stanley flies the banner for Brigade and Maranon new CLOs
3 years ago
Morgan Stanley printed two new CLOs this week after scoring mandates from Brigade Capital Management and Maranon Capital -
Invesco reduces CLO funding costs by 30 basis points in refi
3 years ago
Invesco has reduced the funding costs on Verde CLO, a 2019 transaction, by 29.58 basis points following a $457.2 million refi arranged by Goldman Sachs -
Canyon reissues 2015 CLO in $420.1 million deal
3 years ago
Canyon Capital has reissued a legacy CLO as a new $420.1 million deal named Canyon CLO 2021-2 -
Anchorage joins ranks of managers to issue CLO triple As as loans
3 years ago
Anchorage Capital Group has joined the trend of CLO managers to issue triple As in loan format with a reset of its 2019 deal named Anchorage CLO 13 -
Global CLO b-wic round-up: junior tranches trade above par as US volumes reach $45bn
3 years ago
A busy week of over $1.4 billion of US CLO secondary bonds and €290 million of European CLO paper gave light to CLO spreads across the capital structure continuing their push towards pre-covid levels -
Europcar bonds hit full throttle on restructuring agreement
3 years ago
Europcar bonds are among the best performing in a flattish market today, after the French vehicle hire firm obtained an agreement with its main creditors on a financial restructuring -
Global CLO b-wic round-up: Junior tranches rally amid heavy supply, including portfolio liquidation
3 years ago
The US CLO secondary market rally is showing no signs of slowing down after a week of over $1 billion worth of bonds was listed and well absorbed, according to market sources. The European market also had a roust week with over €300 million of paper up for grabs, although the market stayed generally flat with some tightening in double and single Bs -
Global CLO b-wic round-up: Secondary markets rally despite ‘worst liquidity seen all year’
3 years ago
An adjournment in the US for Veterans Day last week still left plenty of time for the CLO secondary market to rally, thanks to Pfizer's covid-19 vaccine breakthrough and a firmer indication of the US presidential election results -
Global b-wic round-up: Europe drifts wider
3 years ago
The CLO secondary market had a robust week with $860 million of US CLO paper and €315 million worth of European CLO bonds listed. But spreads widened off the back of concerns over lockdowns across the globe, the increased risk of downgrades and tomorrow’s US presidential election -
Global CLO b-wic round-up: CLO mezz tranches widen amid macro concerns
3 years ago
Last week was busy for the primary European CLO market but not for secondary, with €1.35 billion of new issue European CLOs priced across four transactions but just €190 million of European CLO paper listed in b-wics -
Global CLO b-wic round-up: CLO lower mezz tightens while equity investors strive for duration
3 years ago
A large supply of CLO paper flooded the secondary market last week as $1.5 billion of US CLO bonds and €370 million of European CLOs were listed, according to CLO-i -
Five Arrows prices same-day CLOs in US and Europe for first time
3 years ago
Five Arrows Managers broke new ground on Friday after pricing two CLOs on one day for the first time in its history -
Trading places: it can pay to bet on the little guy
3 years ago
It’s assumed investors know how good a CLO manager is by the rate at which they trade their way through a crisis. But this time fi ve small, nimble managers are outperforming the market -
Redding Ridge and Palmer Square climb to top of US new issue CLO league tables
3 years ago
Redding Ridge Asset Management and Palmer Square Capital Management have climbed to first and second position in the 2020 new issue US CLO league tables after each pricing new deals -
Who’s got the moves US: oil and gas leads renaissance for US CLO managers
4 years ago
The US leveraged loan market has held steady over the last two weeks. After rising to just below 87 of par in mid-April, the S&P LSTA US Leveraged Loan index closed at 85.75 to start this week -
Beneath the triple C: $31.6 billion of CLO credits feel downgrade pain
4 years ago
March madness took a toll on CLOs as Moody’s and Standard & Poor’s downgraded 4.25% of the portfolios in the US and 1.84% in Europe to triple C or below in just one month (some of these were already triple C rated, only to fall further). -
Partners becomes second manager to price US and European CLOs in 2020
4 years ago
Partners Group priced its fifth US CLO, named Pikes Peak CLO 5, today, becoming just the second manager to issue CLOs in the US and Europe this year -
CSAM repeats tested formula with largest CLO reset of 2020
4 years ago
Credit Suisse Asset Management returned to the CLO market on Friday after teaming with Barclays to price a reset of its 2016 vintage US CLO, Madison Park Funding XXII
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