US CLO spreads tighten sharply as Blackstone prints record fifth new issue of 2021
Blackstone Credit became the first CLO manager to issue five new US CLOs this year on Monday, securing the lowest funding costs in over a month in the process

Global CLO pricing lab: investors get over fatigue and embrace reset roll over
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues

CLO pipeline: new issue becomes name of game with 14 managers preparing to price
Only $3.2 billion of CLO paper priced globally across all forms of pricings this past week. But the market looks to set to explode back into life with 14 US CLO new issues in the pipeline

Global CLO league tables - April 2021 YTD
Global CLO league tables - April 2021 YTD

Blackstone scores tight debt pricing with fourth new US CLO of 2021
Blackstone Credit became the third CLO manager to print a fourth US new issue of 2021 on Monday, teaming up with Citi on its latest transaction named Rockland Park CLO

CLO pipeline: go long! new issues and resets push refis aside
The CLO market is ready to go beyond refinancings - after this year's opening blitz of those deals - into the longer tenored territory of resets and new issues

Blackstone resets one of market's final pre-covid CLOs
Blackstone Credit has teamed up with Citi to reset its 2020 vintage CLO named Harriman Park

Beneath the triple C: CLOs benefit as upgrades make for lighter triple C buckets
For the first time since the sell off in March last year, downgrades to triple C have come to a near-standstill

Blackstone stands tall with tightest US CLO print of the month
Blackstone Credit scored the tightest new issue CLO print of the month on Friday after issuing its triple As at just 106 basis points over Libor

CLO pipeline: expensive 2019 CLOs in vogue with 32bp savings potential
The CLO pipeline is dominated by refinancings and resets, with new issuance taking a backseat

Blackstone and Invesco hold CLO triple A levels at 100bp
Invesco and Blackstone Credit each issued new CLOs in recent days with first pay notes locked in at 100 basis points over Libor

CLO pipeline: busy year, so let's take time to reset
The US CLO market this year has been dominated by new issues and refinancings, but now is the time of the reset judging by this week’s pipeline

Blackstone cuts spreads on post-reinvestment mid market CLO
Blackstone Credit has refinanced four tranches of a 2019 middle market CLO just over four months after the deal left reinvestment

Blackstone scores one of tightest ever 2.0 US CLO funding costs
Blackstone Credit has priced one of the tightest 2.0 CLOs ever with funding costs of just 141.61 basis points

CLO pipeline: US adds deals at frenetic pace as Europe catches breath after record start
US CLO investors have numerous deals to consider with 13 new issues and 15 repricings being prepared to flood the market in the coming days

Global CLO b-wic round-up: equity trades break new records as investors look to redeploy cash
The CLO secondary market is experiencing heavy churn with €273.5 million of European CLO paper and $1.05 billion of US CLOs listed last week. Within that supply, a record trade for a 2.0 European CLO equty tranche was recorded 

Blackstone adds single B tranche in US CLO reset
Blackstone Credit teamed up with BNP Paribas on Friday to reset its 2017 vintage CLO known as Thayer Park

Global CLO b-wic round-up: 2020 deals trade at premium
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

Blackstone refinances mezz tranches of 2018 bond-heavy CLO
Blackstone Credit has teamed up with GreensLedge to refinance the mezzanine debt notes of a 2018-vintage inaugural bond-heavy CLO named Cirrus Funding 2018-1

Global 2020 CLO league tables
Global 2020 CLO league tables 

Global CLO b-wic round-up: junior tranches trade above par as US volumes reach $45bn
A busy week of over $1.4 billion of US CLO secondary bonds and €290 million of European CLO paper gave light to CLO spreads across the capital structure continuing their push towards pre-covid levels

US CLO league tables: new issue rankings go to wire as post-pricing upsizes pop up
The new issue US CLO rankings are tightly contested with JP Morgan leading Citi by just $641 million with one month left of the year. Even in December's typically slower weeks this is a closeable gap 

Global CLO league tables - November 2020 YTD
Global CLO league tables - November 2020 YTD

CLO pipeline: LCM switches arranger to complete deal and join issuance surge
Over $3.5 billion of global CLO issuance priced last week and managers in all three CLO markets are taking advantage of tightening spreads across the capital structure after three major covid-19 vaccine breakthroughs and increased confidence since the US presidential election

Blackstone revisits Reese Park with post-pricing CLO upsize
Blackstone Credit has become the fourth CLO manager this year to upsize a CLO post-pricing. Reese Park initially priced on 16 October at $408 million and is set to close on 30 November at $510 million, with the addition of new debt tranches paying lower rates of interest