Vibrant mirrors first CLO of year with follow-up via BNP Paribas
Vibrant Capital Partners priced its third new issue US CLO on Thursday and its second via BNP Paribas

"It’s not unusual for investors to toggle between the US and Europe depending on pricing and terms"
The accents may be different, but US and European direct lending markets have a lot in common

Credit investors seek alpha as delta variant creates volatility
The leveraged loan and private debt markets have been on a tear for the first half of the year, but analysts are forecasting a more volatile six months ahead

Fort Washington gives CLO primary market second fort
Fort Washington Investment Advisors has priced its first new CLO of the year, and its second ever, via JP Morgan

Assured dons classic CLO attire as it prints US deal
Assured Investment Management has gone for the classic look, pricing a deal that bears many of the hallmarks of the archetypal CLO structure

Napier Park takes CLO regatta to 20 vessels
Napier Park has brought its first new US CLO in nearly six months, pricing the upsized deal in line with guidance via BNP Paribas

Redding Ridge becomes most prolific US CLO issuer with fifth deal this year
Redding Ridge Asset Management has notched up its fifth new US CLO this year with the firm pricing RR 18 on Wednesday

GoldenTree upsizes 2020 CLO by $73.1 million and takes leverage above 23 turns
GoldenTree Asset Management reset its 2020 CLO, GoldenTree 8, on Wednesday 

Broadening SRT market defies spread compression
Credit spreads are close to all time tights — high yield, courtesy of CDX HY, recently hit its tightest level since January 2007 — but the significant risk transfer (SRT) market is one of the few pockets of credit where pricing is wide of pre-covid levels

China teaches tough lessons to foreign investors
China’s regulatory crackdown on some of its fastest-growing industries created shockwaves that have reverberated widely, dragging on US and European credit at the end of July.

Coronavirus delta dilemma puts reflation trades into reverse
Concern over the covid-19 delta variant dented investor optimism in July and looks set to hold back credit spread improvement in August, as focus turns to rising cases in the US and Germany

FS issues loan triple As in first 2021 CLO
FS Investments has produced its second CLO, in a deal that features a loan triple A tranche

Birch Grove takes second whack at new CLO market
Birch Grove Capital has priced its first new CLO of the year, and its second ever, via Goldman Sachs

Ares prints CLO backed only by loans
Ares Management has produced its third new US CLO of the year and has adopted a new shelf name for a deal that appears to consist solely of loans

Octagon slashes 55bp from CLO funding costs by resetting 2020 deal
Octagon Credit Investors has priced the reset of its 2020 deal Octagon Investment Partners 46 by partnering with BNP Paribas. 

Nuveen and SocGen pair for first time on new CLO with tight triple As
Nuveen priced its second new issue CLO of the year on Tuesday, via SocGen

BlackRock upsizes 2020 CLO by $270 million with reset
BlackRock has pulled off one of the largest CLO upsizes of the year by resetting its 2020 deal Magnetite XXVI via Goldman Sachs

Post returns to CLO market and delivers first class execution
Post Advisory Group has priced a long-awaited second CLO transaction, pairing with Morgan Stanley to print the deal named Post CLO 2021-1    

BlackRock issues low levered, mid-market CLO with two arrangers
BlackRock has priced its second CLO of the year backed by loans to middle market companies

Oak Hill upsizes 2016 CLO by $53.9 million
Oak Hill Advisers paired with GreensLedge on Friday to reset a 2016 CLO, OHA Credit Partners XIII

MJX prints $407 million CLO refi
MJX Asset Management has priced a $407 million refinancing of the triple to single A notes of its 2019 CLO Venture 37

CLO pipeline: Birch Grove and Fort Washington dish out first 2021 deals as Carlyle goes for sevenths
CLO investors can feast on a range of deals in the new issue market over the next month. 

PGIM becomes third CLO manager to print triple As at market tights
PGIM priced its latest new CLO on Thursday, becoming the third manager to place its triple A notes at the quarterly market tight of 112 basis points over Libor

Zais prices wide of the market with reset of post-covid CLO
Zais Group on Thursday became the 30th manager to reset a post-covid CLO, teaming up with Jefferies to rework Zais CLO 15 from June 2020 and renewing the deal's reinvestment period for three years

CVC scores month's tightest US CLO
CVC Credit Partners priced its latest CLO on Wednesday via Citi, scoring the tightest debt execution in July