CLOs at a glance (April 2022)
A listing of CLOs that have priced in the last month  

European CLO triple As slide over 30bp in a month
Partners Group has priced Penta CLO 11 today, sources say with the triple A notes pricing at 125bp. This confirms that senior CLO notes are now in the 120-125bp range, having been 30bp tighter just a month ago

CLO managers price with short, medium and long reinvestments as pricing widens
Ares Management, Golub Capital Partners and Partners Group each priced a new CLO on Friday, with each manager taking a different approach to the various duration structures that have arisen amid the current market volatility

CLOs at a glance
A listing of CLOs that have priced in the last month

Euro CLO single Bs widen to March 2020 levels as Partners resets
DMs on the Penta 3 reset were not disclosed but wider volatility in the market has led single B coupons on Penta 3’s deal to blow out to 983bp. But the CLO's senior tranche remained in line with guidance

Partners becomes first manager to refi rather than reset 2020 European CLO
JP Morgan won the mandate to refinance Penta CLO 8, which cuts the deal's cost of debt by 34.6 basis points

Partners goes long again with five-year European CLO
-Partners Group has priced its latest European CLO, named Penta CLO 10

BNP Paribas markets Partners European CLO new issue and PGIM reset
BNP Paribas is marketing a new issue European CLO managed by Partners Group and PGIM’s reset of its 2018 vintage deal Dryden 69, according to market sources

Partners issues three US CLOs in one year for first time
Partners Group has priced three US CLOs in the space of a year for the first time in its history

ESG-compliant CLO manager recycles assets from 2015 deal for upcoming Euro CLO
Recycle your legacy loan assets today, for a better CLO tomorrow 

2020 CLOs find redemption is sweet
The believers have been vindicated with 2020 CLOs among the best-performing of all time by IRR. Even those that have been reset have been a success with par flushes making for huge equity distributions.

Eaton Vance and Partners reset CLOs worth $850.2 million
Eaton Vance and Partners Group each reset a legacy CLO on Friday, with the two transactions worth a combined $850.2 million

US CLO pricing lab: expensive legacy deals take priority as two-three year point on term curve tightens
The US CLO market may have gapped out in recent weeks, but expensive 2019 and covid-era CLO refis and resets are still in the money

AGL and Partners upsize legacy CLO deals with resets
AGL Credit Management and Partners Group each priced a CLO reset on Monday, with both firms opting to upsize their legacy deals in the process

Partners prints its largest CLO in over two years
Partners Group has priced its largest new US CLO in over two years, teaming up with Credit Suisse to print the deal

Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources

Partners prints five-year European CLO with ESG-scored deal
Partners becomes second European CLO manager to breakthrough the five year reinvestment period

CLO pipeline: queue gets longer as Blackstone goes again and Sancus makes first move
The queue to price for US CLO managers is only getting larger with 18 new issue CLOs in the pipeline, according to market sources, along with 18 repricings and two new issue European CLOs and two mid market CLO resets

Partners joins ESG-scoring CLO managers but standardisation doubts persist
Partners will implement its scoring system across its European CLOs, US CLOs and non-CLO funds

Global CLO pricing lab: investors get over fatigue and embrace reset roll over
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues

Partners saves 55bp with reset of post-covid CLO
Partners Group has reset a post-covid CLO priced in May 2020, pulling the vehicle's funding costs 55 basis points tighter in the process

Credit fundraising: ESG centre stage as capital pours into new strategies
Sustainability was the watchword for fundraising in February, amid a flurry of fund launches as well as first closes for impact funds and sustainable bond funds

AMMC, Marble Point and Partners Group each price US CLO refis
Three CLO managers have priced CLO refinancing transactions, with the three deals combining to a total of $1.03 billion. It brings the total volume of US refi paper in 2021 to $4.94 billion since the new year - just $180.9 million short of total post-covid refis in 2020

European reset wave begins as Partners reworks 2018 CLO
Partners Group’s Penta CLO 5 has become the first European CLO to reset in 2021

Partners teams up with Barclays for first time on new five-year CLO
Partners Group priced its seventh US CLO on Tuesday, and its first one globally to be arranged by Barclays