CLO refi and reset volumes surge with $2.3 billion priced on Friday
CLO refi and reset volumes surged on Friday with $2.3 billion priced across the US market, according to market sources. Brigade Capital Management, MidOcean Credit Partners and New Mountain Capital reset regular-way CLOs, Blackstone Credit scored a regular CLO refi, Sculptor Capital Management refinanced a bond-heavy CLO, and Ivy Hill Asset Management reset a middle market CLO

Nine CLOs each — and every one of them is different
CLO giants Blackstone and Carlyle Group have printed nine new US CLOs apiece this year, but CLO market participants say managers are creating distinct portfolios

Euro 2020 CLO resets reach €8 billion as Blackstone and Fair Oaks price at similar levels
Blackstone and Fair Oaks Capital took to the European CLO reset market this afternoon with both managers reworking 2020 deals

Livermore gives Peace a chance with anchor role in Blackstone deal and plans more CLO investments
CLO equity investor Livermore Investments Group reveals it was the anchor investor in a recent $650 million US deal

US CLO pipeline: 1.0 manager returning, Carlyle going for CLO 10 as market goes to 100
Never in 1,000 years would the critics have expected this 

Blackstone becomes second manager to print record nine US CLOs in one year
Blackstone Credit priced a record ninth new US CLO on Friday, becoming just the second manager to acheive this feat

Blackstone edges the European market tighter with third new issue of the year
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

US CLO pipeline: 33 new issues enter market with historic CLO records on the verge of shattering
The US CLO market is running as hot as it has all year with a whopping 33 managers marketing new issues CLOs, according to market sources

Euro CLO league tables: deal flurry takes Barclays and CVC to the top
The European CLO market machine swatted away any suggestion of a summer slowdown in August with €6.74 billion of issuance coming to market

Global CLO league tables - Aug 2021 YTD
Global CLO league tables - Aug 2021 YTD

Blackstone prints eighth CLO of 2021 and scores tightest funding costs since May
Blackstone Credit paired with Nomura on Thursday to issue its eighth new US CLO of the year, scoring the tightest funding costs since May in the process

Financial guarantees make comeback in European CLOs
European CLO tranche insurance has made a comeback, with sources indicating Assured Guaranty has guaranteed tranches in two Euro CLOs for two separate European investors (a bank and an insurance company) in the past month

TriMark court ruling encourages peace between lenders
Many CLO managers breathed a sigh of relief in August, with one source indicating a recent court case decision sent a “clear signal that the spate of lender-on-lender violence in the leveraged loan market will not remain unchecked”

Investors clamour for fixed-rate CLOs ahead of rate rise
Demand for fixed-rate US CLO paper is so strong these notes are pricing much tighter than pari passu floating rate equivalents in the primary market

Nomura gets to work on biggest CLO mandate to date with Blackstone new issue
Blackstone Credit is working on its eighth new US CLO of the year with the world’s largest CLO manager assigning arranging duties to Nomura

Fight for leaderboard top-spot intensifies as Blackstone prints Peace Park CLO
Blackstone Credit priced its seventh US CLO of the year on Tuesday just days after Carlyle Group became the first manager to achieve the feat, as the two firms battle for top spot on the leaderboard for issuance in 2021

Blackstone regains top CLO spot as it slashes 60bp funding costs on 2020 reset
BNP Paribas has reset and upsized Blackstone's Avondale Park, cutting the CLO’s funding costs by over 60 basis points

Euro CLO league tables: Blackstone back on top while Jefferies extends lead as focus turns to new issues
2021 European CLO issuance crossed €60 billion in July, which is more than the 22 months that preceded this year

Global CLO league tables - Jul 2021 YTD
Global CLO league tables - Jul 2021 YTD

Blackstone prints Euro CLO reset at wider end of guidance
Blackstone Credit has priced the reset of its European CLO Tymon Park via Goldman Sachs

Global CLO trading lab: Equity supply spikes as investors go long
CLO equity returned to the secondary market in a big way last week, after a month of very little visibility, with $118.3 million of US CLO and €44.9 million of European CLO subordinated notes on sale

Blackstone establishes 112bp as spread to beat with tight CLO triple As
Blackstone Credit has become the second manager to print CLO triple As at the market tight of 112 basis points over Libor, establishing the level as the benchmark

Nomura makes senior US CLO hire as it grows pipeline with Blackstone mandate
Nomura has hired an official to lead its US CLO structuring effort as the bank’s CLO market share continues to grow. One of Nomura’s next assignments is a new US CLO for Blackstone Credit

Blackstone opts for another four-year reinvestment Euro CLO in upcoming reset
Blackstone has followed a four-year new issue with plans for a four-year European CLO reset 

Standard Chartered takes on hybrid placement agent/investor role on European CLOs
Standard Chartered has made a breakthrough in European CLOs by serving as co-placement agent on deals