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US CLO round-up: 23 managers wait in the wings after avoiding pre-election rush
3 years ago
CLO managers rushed to the primary market last week as they sought to lock in financing before the US presidential elections. This resulted in one of the busiest weeks in the primary market with 10 new issues -
Credit fundraising: distressed keeps in favour but CLO ETFs emerge
3 years ago
Five months into global lockdown and distressed debt funds are still proving popular, but several managers have found success pitching other types of credit strategies -
OC health check: CLOs pay $1.3 billion on senior tranches as payment dates come due
3 years ago
Senior debt holders received $1.3 billion of principal from CLOs that breached an overcollateralisation test in July, a month in which the majority of scheduled payment dates fell. Of those deals suffering an OC breach, 190 were due to make a payment to noteholders and 57% were within reinvestment. -
Global CLO b-wic round-up: that's another fine mezz you've gotten me into
4 years ago
European CLO investors are tripping over themselves to buy mezzanine paper in the secondary CLO market -
Natixis prices second muni-project securitisation of year
4 years ago
Energy Efficient Equity (E3) priced its inaugural 'property-assessed clean energy' (Pace) deal today via Natixis -
Global b-wic round-up: US CLO equity continues its surge
5 years ago
Last week marked the third straight week that the US CLO secondary market has seen total listings of under $600 million, but over a quarter of that was equity. -
US CLO round-up: managers flock back to market in Groundhog week
5 years ago
The CLO market picked up where it left off as a variety of managers flocked to the primary market with new deals. There were some events which led us to believe that things were on repeat, with managers synchronising their issuance, more examples of structural innovation and PGIM pricing tight (again) -
CSAM prints 2019's third largest new issue CLO, via BAML
5 years ago
Credit Suisse Asset Management has priced its second new issue CLO of the year, via Bank of America Merrill Lynch -
Sound Point becomes first European CLO debutant of 2019
5 years ago
Sound Point Capital Management has made the breakthrough by becoming the first debutant CLO manager in Europe this year -
Global CLO round-up: what goes around comes around
5 years ago
It is no news that spreads are reverting back to the elevated levels of last year and, with each new deal pushing the market wider, the rolling three-month term curve in the US has been forced to stretch and move left, right and centre. -
Sound Point becomes 2018's most active CLO reissuer following fifth deal
5 years ago
Sound Point Capital Management became the most prolific CLO reissuer of 2018 on Friday after reworking its 2014 deal Sound Point CLO VI -
BlueMountain prices CLO reissue with triple As 2.83bp tight of market average
5 years ago
BlueMountain Capital Management priced its 11th CLO transaction of the year earlier today -
US CLO league tables: new issue deals bring 2018 volumes to $140 billion
5 years ago
Half a year in and we’ve seen $140.7 billion worth of CLO activity in the broadly syndicated loan CLO market – just $4 billion behind H1 2017’s ground breaking volumes -
US CLO round-up: managers find short-dated resets are the way to go
5 years ago
Short-dated resets are popular right now - as are single B tranches -
Investcorp prices new US CLO via Credit Suisse
5 years ago
Investcorp priced a new issue CLO yesterday named Jamestown XI via Credit Suisse -
Investor knocks back bids for position in Babson CLO fund
11 years ago
A CLO fund investor has clung on to its position in Babson’s Great Lakes II Fund -
Credit market snapshot: wider as US thoughts turn to turkey
12 years ago
Credit continues to move wider on light volumes -
Credit market snapshot: sceptical credit ignores equity rally
12 years ago
Credit spreads ended yesterday generally tighter, but saw nothing like the 2% price moves higher in equities -
Credit market snapshot: “twist” sends spreads spiralling wider
12 years ago
The Fed’s announcement of “operation twist” sends spreads wider and equities downwards -
Secondary seller cashes in on its CLOs as another holds on
13 years ago
Trades in the CLO secondary market have been limited so far this week as the market settles back following the onslaught of CLO paper available on the market in February
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