CLO pipeline: Deutsche Bank and Carlson hit comeback trail
The CLO market is preparing to be very active in the coming weeks, as the issuance slow-down is set to be in the rear view mirror

Triple A loan tranches keep getting bigger as Axa IM resets European CLO
Axa Investment Managers has reset its 2015 vintage European CLO Adagio IV and has become the latest manager to feature a substantial loan tranche as part of the transaction

Oak Hill refis European CLO triple As and double As a week apart
Oak Hill Advisors has partially refinanced a 2018 vintage CLO, Oak Hill European VII

CLO pipeline: European new issues set to resume but managers seek pricing stability
The CLO pipeline is heavy with reworked deals - and anticipation - as 14 US CLO and one European CLO refinancings feature, along with nine US CLO and six European CLO resets

Sofr fix nears launch as CLOs face term rate void
Three months into 2021, grounds for optimism have grown little that a term rate will be found before the end of the year to replace Libor in loans, CLOs, CDS and other contracts. But hopes are rising that solutions such as credit spread adjustments could help mitigate performance uncertainty

AlbaCore features capped triple A tranches on ESG-branded CLO
Nine months after making its CLO debut the manager has priced AlbaCore Euro CLO II, splitting the triple A tranches into three

Triple Bs diverge and loan tranches increase as KKR and PGIM reset CLOs
KKR and PGIM have become the latest managers to reset European CLOs

Blackstone reaches €2 billion European CLO volume with 2016 deal reset
Blackstone has reset a 2016 vintage European deal, Elm Park CLO, taking the manager's year-to-date volume in Europe to almost €2 billion

CLO pipeline: Carlyle eyes fourth new issue in two months but refis and resets dominate
Manager focus has shifted to reworking vintage CLOs to lower funding costs in a much tighter market, with the new issue US market having slowed

Anchorage renews Credit Suisse partnership to reset 2018 Euro CLO
The pair worked together on the original pricing in October 2018

CLO double Bs hit 2021 wides as Bain injects equity into 2014 European reset
CLO double B reset levels tightened in February but have since widened to 710bp

European CLO repricing volume passes €14bn as ICG resets 2019 deal
 Intermediate Capital Group becomes the latest CLO manager to reset a deal, having reworked its 2019 vintage St Paul’s CLO X

CLO reissues return to Europe after two years as Five Arrows reworks 2018 deal
Five Arrows paired with Morgan Stanley on Friday to reissue its 2018 vintage deal, Contego CLO VI

Blackstone and Hayfin get Euro CLO new issues rolling as single Bs diverge
Blackstone paired with BNP Paribas for Carysfort Park, while Hayfin followed the yellow (or rather gold) brick road to pair with Goldman Sachs on Hayfin Emerald CLO VI

CLO pipeline: busy year, so let's take time to reset
The US CLO market this year has been dominated by new issues and refinancings, but now is the time of the reset judging by this week’s pipeline

Sound Point breaks through Europe's five-year reinvestment barrier to set CLO benchmark
European CLO triple As have reached new tights with Sound Point Capital Management pricing triple As at 77 basis points over Euribor

European direct lender scopes out possibility of CLO management
Europe’s CLO market could welcome yet another entrant with a direct lender exploring the possibility of managing CLOs

Spire inserts triple A loan tranche in European CLO reset
Bank of America arranged the €411.4 million transaction, which includes split triple A, pari-passu tranches in loan and note formats

Beneath the triple C: resurfacing credits surpass divers as tide turns for CLOs
Upgrades above triple C overtook downgrades to that rating or below in February. Moody's or Standard & Poor's cut six corporate debt issuers to triple C or below in February, out of which just four can be found in CLO portfolios

Euro CLO league tables: Refi return spurs European CLOs towards record volumes
A record shattering month as refi wave continues

Global CLO league tables - February 2021 YTD
Global CLO league tables - February 2021 YTD

Bardin Hill sells European CLO business to HPS with head Snyder set to retire
Bardin Hill Investment Partners has sold its European CLO platform to HPS Investment Partners

2020 European CLO absentee hits 80bp triple A tights while mezz trails wider
Barclays arranged the €407.5 million transaction on Friday

European CLO rollover rate slumps amid refi/reset surge
European CLO investors' rolling rate into refinancings and resets has dropped since the start of the year, with the huge pipeline, a flight to quality and caution about widening spreads all playing a part

Euro CLO mezz spreads leak wider but seniors hold firm as ICG resets
European CLO mezzanine reset spreads have widened out slightly this week, highlighted by Intermediate Capital Group’s reset of St Pauls CLO VI via JP Morgan