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Europe vs US arb hits resistance as dislocation becomes more extreme
3 years ago
Recession fears have pushed several different asset classes to key psychological levels, while leaving European and US credit markets at a high level of dislocation -
Manager selection stakes are heightening as CLO pain points intensify: Barclays
3 years ago
CLOs’ slump in market value and piling of distressed assets have made differentiation between managers much more acute on key metrics, regionally and by vintage, according to Barclays credit strategists -
Antares upsizes billion-dollar CLO in third-largest primary transaction of 2022
3 years ago
Antares Capital reset its 2018-2 CLO via Deutsche Bank on Thursday, in the third-largest primary market transaction of the year at $1.06 billion -
StepStone sets out new path with Mexican securitisation
3 years ago
StepStone Group says its securitisation of private credit opportunities for Mexican investors has left a template for other managers to follow. -
StepStone scores AAA rating for listed bond linked to US direct lending portfolio
3 years ago
StepStone Group has sponsored a $102.5 million securitisation of US direct lending loans that is listed on Mexico’s BIVA Stock Exchange in what it claims is the first transaction of its kind in Mexico -
Golub upsizes 2020 CLO by over $100 million
3 years ago
Golub Capital Partners took to the CLO reset market on Wednesday to reset its late 2020 CLO named Golub Capital Partners CLO 50(B), upsizing the transaction by $102.5 million -
Natixis IM to sell stake in Canadian asset manager Fiera
3 years ago
Natixis Investment Managers is selling all 10.68 million class A subordinate voting shares it holds in Canada's Fiera Capital -
Neuberger Berman steps into the unknown as it launches first CLO with full Sofr stack
3 years ago
Neuberger Berman is marketing its first CLO of 2022, which is thought to be the first new issue deal to launch referencing Sofr across the capital structure -
US CLO league tables: Blackstone and Citi win new issues but CSAM and JP Morgan take overall issuance crown
3 years ago
The US CLO market had an extraordinary 2021 with almost $400 billion of overall issuance pricing as records were set for all forms of issuance -
Nuveen cuts 2020 CLO funding costs by 40bp with refi
3 years ago
Nuveen Asset Management cut the funding costs of one of its 2020 CLOs by almost 40 basis points by refinancing the deal on Wednesday -
Treasury desk lists $818 million b-wic as hedge fund looks to offload control CLO equity in bumper day
3 years ago
State Street once again listed over $800 million of US CLO triple A bonds on Tuesday, having sold $834 million of triple A paper last month -
Euro CLO triple As to tighten as new investors enter
3 years ago
CLO market participants anticipate European CLO triple As will grind tighter over the coming weeks as new buyers gobble up paper. -
Nuveen and Sixth Street turn CLO reset attention to older deals
3 years ago
Nuveen and Sixth Street both reset an older vintage CLO on Friday, with the two managers reworking $850 million worth of legacy transactions -
Partners goes long again with five-year European CLO
3 years ago
-Partners Group has priced its latest European CLO, named Penta CLO 10 -
US CLO pipeline: Go long! Refis fall from favour as AMMC looks to join list of 2021 issuers
3 years ago
The only record left to fall this year in US CLOs is 2017’s refinancing total of $102.8 billion with the market $6.3 billion shy. Yet this segment shows little interest to break more records with the pipeline filled with new issues and resets as longer tenured deals are preferred. -
Managers make rare capital structure rejigs with 2020 CLO refis
3 years ago
Two CLO managers have refinanced 2020 CLOs while taking the rare step of altering the deals' capital structures -
Bain prints second European CLO new issue of 2021
3 years ago
.Bain’s latest deal, Bain Capital Euro CLO 2021-2, comes just four months after it priced its first new issue of the year -
Anchorage prints 60th Euro CLO new issue of 2021
3 years ago
Anchorage Capital has priced the 60th European new issue CLO of 2021, taking new issue volume above €24 billion -
Resets return as Oaktree reworks and upsizes 2020 European CLO
3 years ago
Oaktree Capital Management has become the latest manager to rework its 2020 European CLO -
Over 1,000 Euro CLO tranches under observation with Fitch's new rating methodology
3 years ago
Fitch says it has placed 1,246 tranches rated B- to AA+ from 212 European CLO tranches under criteria observation, following an update to its CLO ratings methodology -
Fitch places 102 US CLO tranches under 'observation' following methodology changes
3 years ago
Fitch Ratings says it has placed 102 tranches issued by 43 US CLOs and 13 tranches by seven Trups CDOs under criteria observation, following the update to its CLO and corporate CDO rating criteria earlier this month -
Goldman prices two European CLOs in a day
3 years ago
Goldman Sachs priced a pair of European CLOs on Friday to break a near six-month gap from European new issues -
Blackstone edges the European market tighter with third new issue of the year
3 years ago
Blackstone Credit priced Dillon’s Park on Friday via Deutsche Bank, according to market sources, for its third new issue of 2021 after Carysfort Park in March and Rockfield Park in June -
CLO triple As hit 102bp again as Capital Four becomes 42nd manager to print European CLO
3 years ago
Capital Four has become the 42nd manager to price a new issue European CLO this year after partnering with Bank of America to produce Capital Four CLO III -
$1 billion CLOs refinanced as Carlyle, Carlson and Z Capital print deals
3 years ago
Over $1 billion CLO refinancings priced on Friday after three managers took to the primary market to refinance deals
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