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BofA forecasts record European CLO volume in 2021 as another reset prices
3 years ago
Carlyle Group has become the first manager in March to reset a European CLO, while BofA estimates the European CLO market might break a new record in 2021 -
Oaktree resets European CLO at market tights
3 years ago
JP Morgan printed a €372 million reset of Oaktree Capital Management’s Arbour CLO IV on Friday afternoon, according to market sources. The deal points to further spread compression for CLO reset transactions, particularly for mezzanine tranches -
Debutant Jefferies takes Euro CLOs to €2 billion in under two weeks with Hayfin reset
3 years ago
"Pay no attention to the man behind the curtain" is a famous injunction associated with the Emerald City. But it is hard not to notice the woman-led team at Jefferies driving CLO volume, given it passed another impressive landmark on Thursday by resetting Hayfin Capital's inaugural Emerald CLO I -
European CLO repricings top €8 billion in 2021 as Ares and PGIM rework deals
3 years ago
Ares and PGIM printed two repricings of European CLOs on Wednesday, taking year-to-date volume to €8.29 billion -
KKR pushes for nearly five-year reinvestment as Redding Ridge resets €554 million CLO
3 years ago
The European CLO reset wave is proceeding apace with KKR and Redding Ridge pricing deals on Tuesday -
Alcentra, BlackRock and CVC refi €1.5 billion of European CLO paper
3 years ago
Deutsche Bank arranged the transactions for BlackRock and CVC while Morgan Stanley arranged partial refinancings for three of Alcentra’s deals -
Global CLO b-wic round-up: double Bs lead the way as rally endures and drags equity with it
3 years ago
The CLO secondary market continued its hard rally last week as prices rose across the whole asset class with double B rated CLO bonds leading the charge tighter -
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 -
Global CLO b-wic round-up: spreads tighten across the board as bond-flex CLOs trade well
4 years ago
Price levels have tightened and, more importantly, stabilised across the secondary CLO market over the last two weeks, but the Easter break led to a drop off in CLO b-wic supply -
Global CLO round-up: Europe mops up demand, as Euribor hits the floor
4 years ago
The final stretch of the year began with a bang, with the first week of Q4 bringing $3.3 billion of CLO issuance in the US and €1.2 billion in Europe. But the resurgence in volumes was not the only talking point last week, with Europe coming into focus as spreads surfed tighter -
Fortress prices new issue CLO with blended triple As above 150bp
4 years ago
Fortress Investment Group on Friday priced a new issue CLO backed by broadly syndicated loans via Natixis, according to market sources -
CVC teams up with RBC for reset and upsize of 2012 CLO
4 years ago
CVC Credit Partners came to market yesterday with a short reset of its 2012 vintage deal Apidos XI -
Golub produces new US CLO with triple As at 135bp
4 years ago
Golub Capital Partner’s CLO issuance shows no signs of slowing as the manager teamed up with Morgan Stanley on Friday to price a new issue named Golub Capital Partners 43(B) -
Global CLO round-up: 15 months to one month - managers set their own pace
5 years ago
Three new US CLOs priced this week courtesy of; Seix Advisors, via BNP Paribas; Kayne Anderson, via Goldman Sachs; and Steele Creek, via RBC. In Europe, Oaktree Capital Management paired with Barclays to price Arbour CLO VI. -
Steele Creek teams up with RBC for new issue CLO
5 years ago
Steele Creek Investment Management priced a new issue CLO today, partnering with RBC for the first time -
US CLO round-up: 2018 volumes hit $101 billion as short-dated CLOs come into fashion
6 years ago
CLO market participants were in high spirits at the Creditflux CLO Symposium and Manager Awards this week with attendees revelling in the amount of deal flow that the CLO market is generating -
B-wic round-up: mid market CLOs find new homes in secondary market
6 years ago
The US secondary CLO market has had another eventful week as $908.2 million worth of CLO notes were made available, out of which $693.2 million, or 76.3%, traded successfully -
B-wic round-up: it's never too late to buy CLO equity
6 years ago
Secondary CLO market trades from the last week show that investors feel there is value in legacy CLOs where the call options have already been exercised and the debt repaid -
Ares prices triple As at 117bp in $658 million US CLO reset
6 years ago
Ares priced its 11th transaction in the US CLO market yesterday
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