Benefit Street Partners prices third March deal with 2023-vintage reset
The deal’s overall cost of funding narrowed dramatically, cutting more than 100bps from its pre-reset level

Guggenheim prices ‘quasi-CLO’ rated feeder fund
The deal follows two similar issues from New Mountain over the last 18 months

SRTs aren’t exactly a new idea

CIFC refinances 2013-vintage US CLO
The BSL deal was previously reissued in 2018

Benefit Street Partners prices full refi of 2021-vintage US CLO
The BSL repricing saw the triple As print at SOFR plus 106bps

Oaktree prices its first US new issue of the year
The USD 405.58m BSL-backed CLO comes a month after the manager’s first European new issue of 2025 

Northwestern Mutual prints 2025’s first new short-dated US CLO
The issue also marked the manager’s first issuance activity for the year

Palmer Square prices at record tight with market’s first new static US CLO of 2025
The deal is the tightest static US CLO ever, pricing narrow of the previous mark set in 2018  

Orix refinances top of stack of 2014 vintage from former Mariner brand
Orix Advisers has printed a partial refi of Signal Peak CLO 1, a US BSL deal from 2014 that’s been through two managers, two resets, a refinancing, and a renaming.

CVC resets Apidos CLO XVIII-R, slashes leverage
CVC Credit Partners has printed a reset of Apidos CLO XVIII-R that nearly doubles the equity in the US BSL deal.

GoldenTree deal from 2021 gets a refi
GoldenTree Loan Management has priced its fifth CLO refinancing of the year, reworking a 2021 vintage US BSL deal called Goldentree Loan Management US CLO 11

Trump victory raises hopes for high yield markets, M&A revival
Leverage finance markets cheered Donald Trump’s win on the prospect the former president’s return to the White House will unleash deregulation and M&A, lower taxes and higher economy growth

Blue Owl kicks off October with a two-for-one US CLO deals
Blue Owl has priced a new private credit CLO as well as refinanced a 2018-vintage BSL CLO 

PGIM refinances US CLO deal from 2018
PGIM refinanced a a USD 398.83m US BSL CLO from 2018 arranged JP Morgan

CVC refinances Apidos XXX CLO
CVC prices a refinancing of 2018 deal called Apidox XXX via RBC

Bain refinances US BSL CLO from 2018
Bain Capital on Wednesday printed a refi of a US BSL CLO with a senior spread just shy of the tightest seen in a US BSL refi so far this year

PGIM resets 2022 vintage US CLO tightening senior spread by 29bps
PGIM has priced a reset of its Dryden 108 CLO, a US BSL deal from 2022

Invesco prices refi of US BSL CLO
Invesco has priced a refi of Annisa CLO, a 2026 vintage US BSL CLO

CVC prints tightest US CLO refi of the year
CVC priced the tightest US refi of the year on Monday, with a partial reworking of one of the older deals in its portfolio dating back to 2013

Palmer Square prices billion-dollar static CLO
Palmer Square Capital Management priced a new billion-dollar static CLO late last week with Citi as the arranger

Fortress prices middle market deal with CP reference rate
Fortress Credit Opportunities VIII CLO features a senior tranche that references both SOFR and a CP rate

Lumen Tech downgrade leads to estimate that 9% of CLOs could breach OC tests
One of the most widely held names in US CLOs was downgraded in August. S&P carried out a two-notch downgrade of Lumen Technologies on 16 August from B to CCC+

CLO triple A spreads could drop to 175bp as Oak Hill markets new deal
Oak Hill Advisors is marketing its first new issue CLO in six months and is seeking a triple A print of just 175 basis points over Sofr

Mid market CLO league tables: Golub makes it six straight while Natixis blows away the competition
In a trying year, issuance of mid market CLOs dropped a considerable amount. Total volumes dropped from $43.6 billion in 2021 to $20.8 billion in 2022, a 52% decrease year-on-year

Beneath the triple C: Winter is coming for CLOs as downgrades outstrip upgrades
Both US and European issuers have felt downward pressure from the rating agencies as we head towards the end of the year, with downgrades to triple C now firmly outpacing upgrades out of it.