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US triple As hit 140 as low-levered CLO prices
3 months ago
A new low-levered US CLO from AGL Credit Management priced today with the tightest triple As seen this year -
MM CLO senior spreads gap in to just 168bps in new deal
3 months ago
A new, super-sized middle market offering priced on Tuesday via Bank of America, setting a new tight for middle market spreads in the process -
New Ares CLO keeps pricing tight
4 months ago
The fourth Ares CLO of 2024, a new issue US transaction valued at USD 406m, priced this week, with the senior triple-As at 150bps over SOFR -
MidOcean prices second US CLO of 2023
10 months ago
New York-based MidOcean Partners priced its 13th CLO on Thursday, arranged by Morgan Stanley with NatWest acting as co-placement agent -
Euro CLO market participants express optimism as Anchorage and Palmer Square price new issues
1 year ago
Two European CLO managers – Anchorage Capital Group (Jefferies) and Palmer Square (BNP) - priced last week, amid an optimistic outlook from the European CLO and leveraged loan outlook panel at Creditflux's Symposium on Wednesday -
MidOcean syndicates triple As to 15 investors in latest CLO
1 year ago
MidOcean Credit Partners priced a new CLO via Deutsche Bank on Wednesday, with sources close to the transaction saying the deal's triple A notes were syndicated to 15 investors -
Sixth Street prints 2023's second tightest US CLO
1 year ago
Sixth Street Partners priced a new CLO on Friday, scoring the second tightest debt execution for a new five-year CLO this year -
Anchorage leapfrogs up CLO league table with first bond-flex deal of year
2 years ago
Anchorage Capital moves back into the top 20 US CLO managers in 2022 by volume, having priced its first bond-flex deal of the year -
PGIM prints European CLO with triple As at 120bp
2 years ago
PGIM priced its latest European CLO, Dryden 91 Euro CLO 2021, today via Citi with triple As at 120bp -
Morgan Stanley prints new CLOs for Oaktree, Octagon and Voya
2 years ago
Morgan Stanley priced three new issue CLOs on Friday worth a combined $1.36 billion -
CSAM refis European CLO with two-year triple As at 82bp
2 years ago
The CLO’s triple As priced at 82 basis points over Euribor, down from 95bp, in line the deal’s most recent guidance but wider than the 77-79bp original guidance -
Crescent taps CLO new issue market for first time in eight months
3 years ago
Crescent Capital has returned to CLO new issues for the first time since January -
Euro CLO league tables: out with the old, in with the new as Jefferies leads way
3 years ago
Despite being a newcomer to the European CLO market this year, Jefferies has taken the market by storm and leads the way in overall European CLO issuance -
Global CLO trading lab: secondary volumes inflate and easily get absorbed
3 years ago
Weekly secondary CLO volume has been lower across the capital structure in recent weeks as 2021’s refinancing wave left investors with plenty of choice -
US CLO pricing lab: let’s refi like it’s 2017
3 years ago
The new issue US CLO market has been a slow burn over the last two weeks with only six deals being brought to the market amid wider triple A spreads. But the repricing market has been booming with today’s triple A levels still comparatively cheaper than previous vintages exiting their non-call periods -
Global CLO b-wic round-up: 2020 deals trade at premium
3 years ago
As the primary CLO market continues to grind tighter, the secondary market is holding steady, but last year's vintages are trading well as they near the end of their call-locks -
Capital Four prices second European CLO with triple As at 105bp
3 years ago
Capital Four priced its second ever European CLO today named Capital Four CLO II. Barclays arranged the €356.2 million transaction -
Global CLO b-wic round-up: CLO lower mezz tightens while equity investors strive for duration
4 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 -
Global CLO b-wic round-up: dealers get involved amid rally, but dispersion persists
4 years ago
The CLO secondary markets returned to form last week with $716.2 million of US CLO bonds and a further €306.5 million of European CLO paper listed. Although for both markets over half of the total volume listed came from Thursday’s scheduled b-wics -
Global CLO b-wic round-up: Palmer Square sets highest cover as double B curve inverts
4 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 -
Five Arrows prices same-day CLOs in US and Europe for first time
4 years ago
Five Arrows Managers broke new ground on Friday after pricing two CLOs on one day for the first time in its history -
PGIM defers April European CLO equity payments
4 years ago
PGIM has deferred scheduled April payments to equity investors of its European CLOs, the first European CLO manager to defer a payment date during the coronavirus pandemic -
Global CLO b-wic round-up: $8 billion of US CLOs listed in record-breaking March
4 years ago
Last week brought an end to the busiest month in both the US and European CLO secondary markets since at least 2014. $7.7 billion of US CLO paper was on sale in March with a further €1.8 billion of European CLO bonds available, bringing the total listed in Q1 to $13.9 billion and €3.6 billion -
Global CLO b-wic round-up: equity, equity everywhere, but trading volumes sink
4 years ago
For the second week in a row, over $230 million of US CLO equity went on sale and multiple control equity positions were listed in the CLO secondary market -
Morgan Stanley IM prices debut CLO after $50 million upsize
4 years ago
Morgan Stanley Investment Management priced its debut CLO on Friday, becoming the 14th first-time CLO issuer in the US market of the year
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