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AGL upsizes and resets 2022-vintage US BSL CLO
8 days ago
AGL has reset a US BSL CLO from 2022 with BNP Paribas arranging the deal that significantly narrowed liability spreads -
Alcentra prints second European CLO of 2024
4 months ago
Alcentra’s second CLO of the year, a new European issue was arranged by Deutsche Bank and priced at the end of last week -
Long delayed European CLO feature is delayed no longer
6 months ago
Since the beginning of this year six European CLOs have priced class F delayed draw issuance as what was once a theoretical leverage boost has become a regular occurence -
Unfunded single-B issuance steps up as Bridgepoint triggers class F note
7 months ago
Bridgepoint Capital Management this week became the latest in a string of managers to price a delayed-draw tranche in 2024 -
Barings prices new US CLO
8 months ago
Pricing details have emerged for last week’s USD 408m Barings' CLO in its first new issuance since November’s single-day double-deal. -
Blue Owl prices first private credit CLO of the year
8 months ago
Blue Owl yesterday pulled the trigger on its CLO primary market activity in 2024, pricing the first private credit deal of the year, and its own 25th private credit CLO since inception -
KKR and Bank of America team up on static refi
8 months ago
We missed one CLO from our holiday primary roundup yesterday, with KKR taking advantage of the end-of-year tightening across the market to round off 2023 with a refi of its first static BSL CLO -
European static CLO market continues to grow as Blackstone deal prices
10 months ago
Blackstone engaged Bank of America to arrange its newest static European CLO, which priced on Thursday valued at EUR 319.1m -
Rad CLO franchise lives up to name with second deal this month
10 months ago
Irradiant Partners continued a busy year in CLO issuance with its latest offering, Rad CLO 22, which priced on Friday -
Ares adds sixth deal to 2023 tally
11 months ago
The wave of CLOs that priced today included a new US CLO for Ares Management arranged by Bank of America -
LCM shaves 27bp off 2022 CLO's funding costs following reset
1 year ago
LCM Asset Management reset its 2022 CLO named LCM 38 on Thursday, tightening the deal's original capital structure by 27.46 basis points -
PGIM joins pricing rush with second deal this year
1 year ago
The US CLO market didn’t let the 4th of July holiday slow it down last week, and PGIM’s Dyden 107 is among deals looking to price this week. -
Global CLO league tables - April 2023 YTD
1 year ago
Global CLO league tables - April 2023 YTD -
Mid market CLO league tables: Serial winners Natixis and Golub return to the top
1 year ago
For the second straight month, there was over $3 billion of mid market CLO issuance in March -
Global CLO league tables - April 2023 YTD
1 year ago
Global CLO league tables - April 2023 YTD -
Beneath the triple C: Stormy October hits CLOs with rising tide of downgrades
1 year ago
After a slight respite in the pace of downgrades over the summer for CLOs, October brought renewed momentum as macro-economic pressures - primarily high interest rate burdens for corporate borrowers and supply side inflation - became the recurring rationale -
CVC and PGIM add to European CLO new issue surge
1 year ago
CVC and PGIM joined Ares, Neuberger and Oaktree in pricing new issues last week -
GoldenTree prints tight of market with five-year CLO triple As yielding 170bp
2 years ago
GoldenTree Loan Management has priced a new CLO with a 170 basis point triple A print, 8.21bp tight of the 10-day rolling average -
Euro CLO triple A benchmark drops to 94bp as CVC edges to top spot
2 years ago
The benchmark for European CLO triple As has dropped further with levels tightening to 94 basis points over Euribor on CVC’s latest new issue -
Chicken supplier takes courage from earnings improvement
3 years ago
Boparan, one of the riskiest companies in the European high yield credit market, is among the biggest movers in bonds and CDS on Wednesday, as the market resumes its rally to the tightest prints of the year -
Beneath the triple C: resurfacing credits surpass divers as tide turns for CLOs
3 years ago
Upgrades above triple C overtook downgrades to that rating or below in February. Moody's or Standard & Poor's cut six corporate debt issuers to triple C or below in February, out of which just four can be found in CLO portfolios -
It's all relative: CLOs march tighter as macro traders open positive CDS skews
3 years ago
Credit default swaps are back near where they started the year after giving up their early-February gains amid a rise in government bonds. CDS curves steepened over the past month and macro hedging has left indices trading with positive skews. But CLOs paint a calmer picture in which spreads have inched tighter -
Barclays pulls levers as CVC resets and GoldenTree CLO surpasses Spire leverage
3 years ago
Barclays added to its arranging volume on Friday as GoldenTree Asset Management priced the market's highest levered European CLO -
It's all relative: CLOs are lagging no more, as Carlyle deal drags market tighter
3 years ago
“CLOs are lagging” has been a much repeated refrain over the last nine months. But Carlyle Group has this week produced a US CLO that has dragged spreads to their tightest point in three years so that, rather than comparing CLOs to pre-covid levels, they should be assessed against early 2018 -
It's all relative: senior CLO tranches tighten 18% in Europe as CDS indices sit out rally
The corporate credit rally in January is notable because some assets tightened to levels not seen in over a decade (loans), others rallied albeit with a lag (CLOs) and the most liquid stream of credit (CDS indices) defied moves in other asset classes to widen
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