The Last Tranche with YMER's Warzynski: we like primary equity again
In this episode of the Last Tranche, Hubert Warzynski, Partner and Co-founder of Scandinavian CLO investor YMER talks about why he likes primary European equity again, but only for a handful of managers.

Brigade prices new European CLO
Following a quiet period on the primary market, Brigade Capital Management returned to the primary market this week with its first European issue of the year

DWS grows CLO team in Europe with senior hire
DWS continues to build out its nascent CLO team with the recruitment of a well known CLO portfolio manager

Investcorp does mezz-only refi for 2022 vintage CLO
Jefferies arranged a brace of European deals on Friday, including a partial refinancing of Investcorp’s 2022-vintage Harvest CLO XXVIII

European CLO issuance spree continues with new Trinitas deal
Trinitas wrapped up the week by pricing its sixth CLO of the year and its second deal in Europe

First debut manager of 2024 prices
Yesterday afternoon saw the upsized pricing of a European CLO that marks the first market debutante to emerge this year

Details emerge of Contego X reset
Five Arrows Managers announced a reset of their 2022-vintage Contego CLO X earlier this week, with leaked pricing info now available

Alcentra prints second European CLO of 2024
Alcentra’s second CLO of the year, a new European issue was arranged by Deutsche Bank and priced at the end of last week

Debut manager markets first European CLO
A new European CLO manager is in the market with its first CLO, with the deal expected to price in the next few days

2024 Q1 manager rankings by AUM
Our Q1 2024 rankings for CLO managers by total global CLO AUM are now available

New European CLO prices with triple As at 145
After the lowering of the current European CLO triple-A benchmark last week, levels continued to tighten today

Europe sees another tight print
CVC added to last week’s rush of European deals with CVC Cordatus Loan Fund XXXI – the manager’s seventh transaction of the year

Creditflux welcomes new deputy editor
We are pleased to announce that Lisa Lee has joined Creditflux as our new deputy editor, based in London

European CLO triple As hit 146
European senior spreads hit a new tight last week in a new CLO with the tightest weighted average cost of capital of any European CLO so far this year

Ares add new European CLO to its roster
The second half of this week saw a renewed rush of European issuance, and Ares was amongst those coming to the market 

Blackstone makes it three new European CLOs this year
Blackstone’s third new European CLO of the year priced on Wednesday, reflecting the growing market weakness in the lower mezz

Napier Park prices first European new issue CLO of the year
Priced this afternoon, Napier Park’s third deal of 2024 marked its first European offering this year – a new-issue CLO valued at EUR 456.9m, arranged by Natixis.

European reset highlights weakness in mezz despite robust senior demand
Partners Group priced its second European CLO of the year last Thursday – a EUR 406m reset of the 2022-vintage Penta CLO 12

European WAL test language is getting a little looser finds Dealscribe
The latest quarter has seen some loosening of WAL test laguage for European CLOs, according to document analysts Dealscribe

Strong run helps CLOs shrug off Altice downgrade
It may be the largest triple C downgrade in years, but the CLO market is relatively unperturbed by Altice’s fall from grace.

CIC aims to join list of new European CLO managers
After last year’s eye-catching European debuts from seven new managers, attention has turned to this year’s impending crop of debutants.

Triple A delayed-draw structure helps European CLOs beat negative carry
The first quarter of this year saw a trio of unusual deals in the European market: new issues that include delayed-draw options on triple A coupons. It is the first time this facility has been seen on CLO triple A notes.

Milbank staffs up after slew of London lawyers follow Goldfinch to Allen & Overy
Milbank has reacted quickly after five attorneys — including veteran European CLO lawyer John Goldfinch — moved to rival law firm Allen & Overy.

2022 vintage deals score again as COLF is called with 49% gross IRR
2022 vintage deals score again as COLF is called with 49% gross IRR

CLOs at a glance
CLOs at a glance