Goldman Sachs poised to arrange manager's debut US CLO
Goldman Sachs looks set to arrange the debut US CLO for a manager in the coming months

KKR prices CLO with unusual reinvestment-call lock profile
KKR has priced a rare CLO with a short reinvestment window but long non-call period

Global CLO league tables - February 2022 YTD
Global CLO league tables - Feb YTD

US CLO league tables: No static shock as Palmer Square conducts CLO traffic yet again
It was a slower start to the year for US CLO new issuance as  managers printed $4.56 billion of new paper against an average new issue volume of $5.88 billion in January in the last five years. But then again, the CLO and loan industries have had to contend with the not-so-small issue of replacing their favourite floating rate benchmark

Global CLO league tables - January 2022 YTD
Global CLO league tables - Jan YTD

CSAM and KKR make structural changes to 2019 CLOs with refis
Managers priced more than $1.1 billion of CLO refinancings on Tuesday as Credit Suisse Asset Management and KKR turned legacy deals from 2019 into Sofr-based transactions

Octagon to switch 2019 CLO to Sofr and upsize by $137 million
Octagon Credit Investors is set to upsize a 2019 CLO by $137 million as it plans to reset the deal next week, transitioning the structure to pay its liabilities off Sofr in the process

CLO primary pause ends as Fortress prints first deal of 2022
Fortress Investment Group has priced the first CLO primary market transaction of 2022

Octagon and Pimco tap CLO refi market
Octagon Credit Investors and Pacific Investment Management Company each turned to the CLO refi market on Thursday resulting in just short of $800 million pricing

Carlyle refinances whole stack of 2019 CLO
Carlyle Group has teamed up with Bank of America to refinance the entire capital stack of Carlyle US CLO 2019-2

AMMC and Assured refinance CLOs to the tune of $715 million
American Money Management Corporation and Assured Investment Management together refinanced $714.8 million worth of CLO liabilities on Friday

BlackRock and Irradiant refinance legacy CLOs
BlackRock and Irradiant Partners each refinanced a legacy CLO on Thursday

Carlyle and Pretium opt for short reinvestment periods on new US CLOs
Carlyle Group and Pretium each opted for a short reinvestment period as they printed new CLOs on Friday

US CLO league tables: Blackstone takes new issue lead amid monthly new issue record
The US CLO market priced $23 billion of new issues in November, setting a record for most new issuance in a month in the 2.0 era

CSAM releases market from grip of 113bp triple As with tightest US CLO print since June
CSAM has issued a US CLO with senior notes at 110bp, the tightest print since June, which also breaks a three-month run where triple As refused to drop below 113bp

Treasury desk lists $818 million b-wic as hedge fund looks to offload control CLO equity in bumper day
State Street once again listed over $800 million of US CLO triple A bonds on Tuesday, having sold $834 million of triple A paper last month

PGIM matches seven others with benchmark US CLO triple As at 113bp
PGIM has matched benchmark levels for new US CLO triple As, pricing the senior debt in Dryden 90 at Libor plus 113bp

Ares and Wellfleet partially refi legacy CLOs
Ares Management and Wellfleet Credit Partners partially refinanced a legacy CLO each Wednesday night via Goldman Sachs and Citi, respectively

Blackstone passes $5 billion in US CLOs this year with 10th new issue
Blackstone Credit teamed up with BNP Paribas on Friday to print its 10th US CLO of 2021, becoming the second manager in history to pass $5 billion annual issuance

Global CLO trading lab: bank sells $834 million triple As in quarterly reallocation as hedge fund trades CLO equity
Thursday’s secondary CLO market was the busiest of 2021, with over $1 billion of US CLOs on offer. This featured an enormous b-wic worth $834.3 million, where sources have told Creditflux of the bank behind the aucton. While a large credit hedge fund is said to have sold out of control CLO equity 

CSAM regains best manager throne
Upstart CLO managers overtook more experienced rivals at last year’s Creditflux Manager Awards, but CSAM and other large firms, such as PGIM, emerged victorious in London this time around

Global CLO trading lab: Seasoned equity prices lag as debt spreads level out
The CLO secondary market took a back seat to the surging primary market in August and September with secondary US CLO volume accounting for just 3.7% and 4.2% of the total US CLO market (primary and secondary volumes). But opportunities are there in CLO equity tranches

Invesco, Napier Park and Oaktree refinance 2019 CLOs
Three CLO managers - Invesco, Oaktree Capital Management and Napier Park Global - have each refinanced a 2019 CLO, with the three deals totalling over $1.5 billion

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

Neuberger Berman, Sculptor and First Eagle tap CLO refi market
Three CLO managers refinanced 2019 CLO paper worth a total of $1.44 billion on Friday