Barings prices multi-currency European mid-market CLO
The primarily euro-denominated deal included a GBP 103m triple A tranche issued in sterling

First out the blocks, Arcano heading a burgeoning list of names with big plans
As Arcano successfully debuts as a European manager, a reminder of the long list of others that are seeking to do the same 

PGIM prices wide of mezz guidance in return to European primary issuance
The US manager’s first European deal in two years followed the recent trend and showed some weakness in the mezz compared to initial price talk

PGIM signals return to European CLO primary market
After an absence of almost two years, PGIM is marketing a reset of its most recent European deal.

Ares prices inside guidance for static European CLO reset
Ares has reset its 2020-vintage Ares European CLO XIV, a static deal, valued as a EUR 235.8m transaction via Goldman Sachs

Ares plans to swaps short-dated for static in European CLO reset
Ares is marketing a static reset of the short-dated 2020-vintage Ares European CLO XIV, with Goldman Sachs acting as the arranger

European CLO issuance rides high but some managers remain on the sidelines
Although European CLO issuance is close to a record pace almost a fifth of managers with at least one active European CLO have not priced a deal this year

Secondary activity ramps up as post-Barcelona rally continues
BWIC activity across European ABS and CLOs increased this week as investors and asset managers look to take some risk off heading into the summer  

Global CLO league tables - April 2023 YTD
Global CLO league tables - April 2023 YTD

AlbaCore and Anchorage market European CLOs
AlbaCore Capital and Anchorage Group are the latest managers to brave the new issue European CLO market amid market volatility

Global CLO league tables - February 2023 YTD
Global CLO league tables - February 2023 YTD

SME CLO manager Be-Spoke rebrands to Aptimus
Be-Spoke Capital, manager of Europe’s first 2.0 SME CLO, has rebranded to Aptimus Capital Partners

GoldenTree and Partners print European CLOs with 185bp triple As
European CLO triple As have tightened further to 185 basis points over Euribor with both Partners Group and GoldenTree Asset Management pricing deals Friday afternoon

KKR pulls low-ramp European CLO amid loan rally
KKR is understood to have pulled its new issue European CLO Avoca XXVIII, according to multiple sources. The deal was due to price this week

CVC and PGIM add to European CLO new issue surge
CVC and PGIM joined Ares, Neuberger and Oaktree in pricing new issues last week

Past returns: Alhambra CLO paves the way
Five years ago in Creditflux, we reported that Be-Spoke Capital was launching the first SME European CLO since the financial crisis.

CVC issues print-and-sprint Euro CLO as Goldman marks comeback
Goldman Sachs returned to European CLO arranging duties last week as CVC Credit Partners priced a print-and-sprint deal

Beneath the triple C: CLOs take first knock since covid scrapes
CLO managers have been hit by a number of loan downgrades to triple C for the first time since the wave of pandemic-related cuts trickled to a halt in early 2021. Companies indirectly linked to the health sector suffered most in May 

Global CLO trading lab: Payments season prompts equity to surge but short-dated bonds trade low
Over the last two weeks, $2.8 billion of US CLOs and €640 million of European CLO paper have appeared on b-wics, with equity making up 33% and 40% of the respective markets

Gapstow expects strategic deals as credit manager M&A volume slumps to $120 billion
M&A volume involving credit asset managers dropped last year with total target value assets under management slumping to $120 billion from $149 billion in 2020 (and $254 billion in 2019), according to Gapstow Capital Partners

Global CLO trading lab: bank sells $834 million triple As in quarterly reallocation as hedge fund trades CLO equity
Thursday’s secondary CLO market was the busiest of 2021, with over $1 billion of US CLOs on offer. This featured an enormous b-wic worth $834.3 million, where sources have told Creditflux of the bank behind the aucton. While a large credit hedge fund is said to have sold out of control CLO equity 

European CLO weekly volume passes €4 billion as HPS resets former Bardin Hill deal
European CLO weekly volume rose to over €4 billion on Friday, with HPS Investment Partners rounding off the week

Neuberger returns to Euro CLO primary market just seven months after debut
Barclays arranged the €306.3 million deal, named Neuberger Berman Loan Advisers Euro CLO 2, which features ESG language

Euro 2021 CLO volume exceeds €60 billion as BNPP and Axa IM pair for new issue
BNP Paribas arranged Axa IM's return to the primary CLO market after 21 months 

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.