CLO investors remain unruffled amid Santé Cie investigation
EXCLUSIVE: Two CLO investors have told Creditflux they don’t expect to see a significant impact from the fallout of the ongoing Santé Cie investigation

Sante Cie’s most recent financials indicate robust liquidity
French homecare firm had EUR 87m cash and EUR 150m undrawn RCF; in May, LTM reported EBITDA at EUR 162m, PF adjusted EBITDA at EUR 183m

Diameter prints second European issue after February debut
The manager's follow-up Euro offering priced via Barclays as a EUR 406.1m transaction

Banks are piling into the CLO market – BSP
Despite negative headlines around the alternative credit space, banks are still supportive of private debt and the CLO market behind closed doors, according to Benefit Street Partners

Sante Cie hires Rothschild and Eight Advisory following disclosure of PNF probe
EUR 46m reported is amount in frozen accounts, not potential fine; company struck reassuring tone during call with lenders

Private credit vulnerable amid tightening financing conditions – Bank of England
The central bank is also keeping a close eye on AI-related companies’ increasing use of debt, including private credit

US CLO ETF AUM passes USD 50bn, European market hits EUR 2bn: BofA
The global CLO ETF market is hitting new heights, with the US market AUM passing USD 50bn as of last week, according to Bank of America Global Research data

Sante Cie loan rebounds following call to reassure lenders
EUR 820m TLB offered around 80 cents; Gibson Dunn holds call with lender group

New Euro CLOs price from market heavyweights KKR and Carlyle
Heavy hitters KKR and Carlyle have both priced new, conventionally-structured European CLOs, with KKR's Avoca CLO XXXVI pricing its triple As at the current market tight of 124bps over Euribor

Co-head of Permira Credit says to brace for more complex, late-cycle environment
PODCAST: While the market is clearly late in the credit cycle, it is not yet obviously at the turning point, Ariadna Stefanescu, co-head of Permira Credit tells Lisa Lee on on the latest episode of Credit Exchange

The Quality Group pre-markets in quieter primary as buyside battles repricings, Sante Cie loan plunges - Europe Loan Digest
Strong technical pushes prints in new lows; CLOs struggling with arbitrage hold floor for single-Bs; Sante Cie dives in secondary on asset freeze news

Santé Cie confirms it is seeking protection under ad hoc mandate upon account freeze amid PNF investigation
Term loan plunges into 50s, company lodges appeal against EUR 45.5m asset freeze; Santé Cie strongly contests PNF’s position

European private credit CLO market sparks back to life
ANALYSIS: After a brisk start, the European private credit CLO market has stalled somewhat over the past year, but a new issue in the space and the expectation of incoming hybrid issues has breathed new life into the sector

Hayfin completes one of Europe’s largest private credit fundraises to date with EUR 15bn
Hayfin’s Direct Lending Fund V ranks among the largest ever direct lending fundraises completed in Europe, the company said

EU securitisation rule changes “once in a generation” chance to fix CLO market—Walkers
EXCLUSIVE: Upcoming EU securitisation rule changes could supercharge the European CLO space, says Walkers partner Andrew Traynor

Coller and Cherry Bank to raise capital for private credit secondaries from Italian wealth market
Coller Capital has announced a distribution partnership with Cherry Bank to better sell its private credit secondaries investment product to affluent individuals in Italy

Vue loans jump, Getty Images loan falls after Shutterstock merger termination announcement – Market Comment
Vue International’s reinstated facilities have shown significant swings in the past two days, with its EUR 127.38m 1.5-lien term loan indicated at 120-mid today, following yesterday’s jump of over 16 points from 103.92-mid at the start of the week

Hogan Lovells Cadwalader launches with eight CLO partners
EXCLUSIVE: The newly merged law firm now has the largest structured finance legal team in the world, with 40-45 partners globally in leveraged finance and fund finance

AI outlook one of several key macro calls for investors – BlackRock midyear forecast
‘Scarcity versus abundance’ forms the key theme for the BlackRock Investment Institute midyear global outlook, which was published on Tuesday following the institute’s two-day forum earlier in June

Apollo records USD 13bn in private credit trading volume
In the 18 months since launching a dedicated trading desk focused on Apollo-originated private credit, the firm has worked with more than 100 unique counter parties, according to a new report

Bain Capital's head of European credit says he’s still a strong believer in services
PODCAST: Speaking with Lisa Lee on the latest episode of Credit Exchange, Gauthier Reymondier says he is still a “strong believer” in the European services sector

Golub enters European CLO market with multi-currency private credit print

The world’s largest mid-market CLO issuer by AUM has become the third manager to issue a European private credit CLO, after Barings and Ares

European CLO issuance kicks into gear as spreads tighten in
European triple A spreads tightened this week to a new low of 124bps, with new issues hitting the market from Blackstone, Palmer Square, Apollo, Spire and ICG

Elmwood appoints new global head of research
The firm creates new role as the CLO manager builds up its European presence, CEO tells Creditflux

Canadian giant BCI launches IG private credit strategy with CAD 1.8bn
British Columbia Investment Management Corp., an institutional investor with more than CAD 300bn, seeded the new strategy and is creating a dedicated team