Morningstar rates first European CLO
Morningstar DBRS has confirmed its first step into rating European CLOs, with the public release of its ratings for Palmer Square European Loan Funding 2024-2

CLO manager Boswell leaves Ninety One for HPS
Jeff Boswell has departed Ninety One to manage European CLOs at HPS

Global investor interest at heart of rapid European CLO tightening
Driven by demands from global investors who are flush with cash, the pace of European spread tightening continues to surprise market observers

Pearl Diver to list new CLO equity fund
Pearl Diver is listing a new CLO equity fund on New York Stock Exchange under "PDCC" ticker

2024 Q2 CLO law firm rankings
Our definitive global, US and European rankings for CLO law firms in the first half of 2024

2024 Q2 CLO trustee rankings
Our definitive global, US and European rankings for CLO trustees in the first half of 2024

New European CLO from CIFC reinforces narrowing trend
Continuing a busy period of issuance for the market, CIFC has priced a European CLO setting a new triple-B benchmark

Global CLO market on pace for year of historic issuance
The summer promises to be a scorcher for deals in the USD 1.3tn global CLO market as the asset class looks ahead to a potential record-breaking year

Investors pursue wide variety of ‘snooze drag’ loan amendment language
Investors were once outraged by what the European leveraged loan market dubbed ‘snooze drag’ clauses — technical language in CLO documentation that regulates whether managers can hold loans after terms are amended. Some even vowed to get rid of it.

CLOs at a glance
CLOs at a glance

2024 Q2 manager rankings by AUM
Our Q2 2024 rankings for CLO managers by total global CLO AUM are now available

AlbaCore breaches 100-bps triple-A barrier with Euro CLO refi
AlbaCore Capital’s latest transaction has refinanced the European manager’s fourth deal, dating from 2022

Record-sized European 2.0 print for Palmer Square
Palmer Square yesterday racked up the milestones when it priced its latest deal, a static CLO that was the largest European 2.0 CLO seen so far

Spire prices tight with first CLO in 10 months
Spire Partners has returned to the market with a new European CLO which saw the triple-As printing just one basis point outside the benchmark

Trinitas refinances static deal for second time in eight months
Trinitas Capital Management has refinanced TSTAT 2022-1, a static US BSL deal from 2022 that already underwent a partial refi late in 2023

Redding Ridge sets new European triple-B tight with latest CLO
Apollo priced another new European CLO at the end of last week via their Redding Ridge affiliate – its fourth of 2024

European CLO spreads break into 120s with new CVC print
Furthering a tightening cycle that began at the end of last year, CVC has become the first manager in Europe to price triple-A coupons in the 120s this year

European BSL CLO Rankings - June 2024
Our latest rankings for the European CLO market, including arranger and manager league table

Partners CLO reset sees triple-As price wide of previous level
The steady stream of European resets continues with Partners Group pricing a reworking of a 2022-vintage CLO

Capital Four resets short-dated CLO from 2022
Capital Four has reset its European broadly syndicated deal Capital Four CLO IV, achieveing some of tightest senior spreads this year

Onex impresses with tight CLO mezz spreads
Onex Credit Partners priced its eleventh CLO transaction and second European offering of the year

New AXA European CLO shows mezz dispersion
AXA maintained its prolific recent rate of issuance, with a new European deal – the firm’s first for the year – following on from two US deals last month

Oaktree pushes European CLO triple-As down to a neat 130
Spreads on new-issue European triple-As hit a new low of 130bps over Euribor on Friday, when Oaktree priced its latest CLO

GoldenTree resets 2023 European CLO
GoldenTree has taken advantage of tightening spreads to reset a 2023-vintage European CLO, arranged by Bank of America

Permira boosts European reset flow
Moving into the second half of 2024, a steady stream of 2022-vintage CLO resets is set to flow in Europe, and Permira Credit contributed to this wave with its latest deal