Global CLO league tables - August 2022 YTD
Global CLO league tables - August YTD

CLO x-rays reveal chapter 11-diagnosed borrower
18 CLO managers hold $380.2 million debt of medical imaging and non-destructive testing product provider Carestream Health, which on Tuesday filed for chapter 11 bankruptcy protection in the US Court for the District of Delaware. The firm entered into a restructuring support agreement to slash its debt by around $470 million

CLOs keep eyes glued to screen as Cineworld previews possible chapter 11
Cineworld, the UK-based cinema giant, has announced that a chapter 11 restructuring is among the options it is considering, in response to recent media speculation about a possible default

Blackstone storms CLO market with 205bp triple A print
Blackstone Credit on Friday priced a new CLO named Storm King Park, scoring the tightest triple A print in the market at just 205 basis points

US CLO league tables: Citi closes in on BofA’s lead
Despite market slowdown, US CLOs continue to produce steady monthly volumes over the $10 billion mark. July brought an influx of $11.99 billion to the US market from 28 new issue deals

Blackstone prints Euro CLO triple As at tight 170bp
Blackstone priced its latest European CLO yesterday with triple As pricing at least 50bp tighter than current market levels

Blackstone scores tightest five-year CLO pricing of the month
Blackstone Credit priced a new CLO on Wednesday that has funding costs of 255.9 basis points, the tightest debt execution seen for a five-year reinvestment deal in July

US private credit has boomed amid BSL market shutdown, conference hears
US direct lending flourished over the last quarter with the asset class providing capital solutions and experiencing strong deployment, as volatility caused the large liquid loan market to shut down, according to panellists at Creditflux and Debtwire’s US Private Credit Forum on Tuesday

Mid market CLO league tables: KeyBank notches first new issue credit
Managers priced one new issue and one reset in the mid market CLO space in June for a total of $603.1 million, the lowest monthly figure since January when $590 million was priced

Global CLO league tables - June 2022 YTD
Global CLO league tables - June YTD

US CLO league tables: Heavyweights knock deals out as familiar faces stay top
In June 25 managers braved the US CLO market, among which only Columbia Management priced its first deal of the year

Blackstone follows up static CLO with mid market deal
Blackstone Credit has begun July on an issuance spree as on Tuesday it priced its second new issue mid market CLO this year 

Blackstone prices US CLO market's ninth static CLO of 2022
Blackstone Credit has priced a new static CLO named Stratus CLO 2022-2

CLO pipeline: large managers defy loan drought to keep market moving
US CLO senior spreads may have blown out to 180-190 basis points over Sofr for five-year deals, and even wider for short-dated new issues, but that will not stop the market from soldiering on

Mid market CLO league tables: Familiar feeling as Golub and Natixis lead after tumultuous month
Only $1.15 billion of mid market CLO issuance was priced in May, for the quietest month in the space since January

Global CLO league tables - May 2022 YTD
Global CLO league tables - May YTD

US CLO league tables: Massive Octagon CLO keeps BofA in lead as top managers tap new issues
For the second straight month, the US CLO market issued $12.5 billion of paper. But unlike April, which was all new issuance, May had one refinancing and the first reissue in the market since October

Blackstone revives Stratus brand as it prices opportunistic US CLO
Blackstone Credit is once again capitalising on dislocation in the credit market having priced a $393.6 million new US CLO on Monday under its Stratus brand. The CLO is understood to follow a print and sprint method, and analysis of the profile suggests that the deal could benefit from $20 million of upside if assets rally to par

CSAM does the CLO awards double
Winning the Creditflux Manager of the Year award is a feat in itself. Winning it back-to-back in such different markets is an outstanding achievement — and CSAM can take great pride in it

You seem familiar
The overlap between European CLOs has risen to 51.6%, but the largest issuers are only slightly more aligned to their peers at 55.19% — so bonds are proving to be an important differentiator

Credit funds at a glance (June 2022)
A round up of fundraising and people moves in credit
 
   

Envision exchange leaves some lenders sick, but CSAM finds prevention is better than cure
Envision Healthcare’s distressed debt exchange has rocked the CLO market, with over $1.68 billion of the firm’s loans held by US CLOs. But some of the largest managers have avoided the name completely 

Blackstone Credit reclaims CLO leaderboard top spot just one day after Elmwood overtook
Blackstone Credit on Thursday priced its fifth US CLO of the year, bringing its issuance volume to $2.97 billion and retaking its top spot on the CLO leaderboard

US CLO league tables: Blackstone gets back to business as it rises to the top
Blackstone is no longer the largest CLO manager globally (it lost that title in March). But it is the most prolific issuer in 2022 

Global CLO league tables - April 2022 YTD
Global CLO league tables - April YTD