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

European CLO leverage hits double-figures
European CLO leverage has increased this year, from an average of 9.4 debt-to-equity in 2020 to 10.3 times in 2021, according to Creditflux data.

CLO pipeline: US adds deals at frenetic pace as Europe catches breath after record start
US CLO investors have numerous deals to consider with 13 new issues and 15 repricings being prepared to flood the market in the coming days

Investcorp and JP Morgan pair again to reap 2018 European CLO refi
Investcorp Credit Management has partially refinanced the five most senior tranches of its 2018 vintage European CLO, Harvest XX

Global CLO b-wic round-up: equity trades break new records as investors look to redeploy cash
The CLO secondary market is experiencing heavy churn with €273.5 million of European CLO paper and $1.05 billion of US CLOs listed last week. Within that supply, a record trade for a 2.0 European CLO equty tranche was recorded 

BofA forecasts record European CLO volume in 2021 as another reset prices
Carlyle Group has become the first manager in March to reset a European CLO, while BofA estimates the European CLO market might break a new record in 2021

KKR pushes for nearly five-year reinvestment as Redding Ridge resets €554 million CLO
The European CLO reset wave is proceeding apace with KKR and Redding Ridge pricing deals on Tuesday

Commerzbank prices CLO as it replaces Tikehau-bound official
Deutsche Bank arranged the €360.5 million deal for Commerzbank

CLO pipeline: all bases expand as more absentees join bonanza
The US CLO market is bubbling with issuance as 17 new issues and 15 repricings appear in the pipeline. Europe is set to welcome two new issues and nine repricings while Golub Capital looks to bring its first 2021 deal to the middle market

Barings sells €377m portfolio via b-wic to wind down European CLO
Barings was the seller of a mammoth €377 million loan b-wic on Thursday (12 February), Debtwire has reported

Carlyle adds equity and seeks tight pricing with 2016 European CLO reset
Carlyle Group is looking to add equity and price triple A debt tight to the primary CLO market with a €434.3 million reset of its 2016 transaction, Carlyle Global Market Strategies Euro CLO 2016-2

Global CLO b-wic round-up: 2020 deals trade at premium
As the primary CLO market continues to grind tighter, the secondary market is holding steady, but last year's vintages are trading well as they near the end of their call-locks

Spire achieves highest levered Euro CLO as it matches triple A tights
Spire has priced its latest European CLO, Aurium CLO VII, with the deal’s triple As matching the Euribor plus 83bp 

Triple As could fall to 80bp as Spire markets new issue Euro CLO
Spire is marketing its latest new issue European CLO, named Aurium CLO VII 

Oak Hill pairs with Citi on first new issue European CLO since 2018
Oak Hill Advisors has printed its first new issue European CLO in over two years and its first primary CLO transaction in Europe since a refinancing in 2019

Global CLO league tables - January 2021
Global CLO league tables - January 2021 YTD

CLO pipeline: snow business like the CLO business
CLO issuers are putting aside the cold snap and are warming up with a flurry of deals.

Basis between resets and new issues collapses as CVC prints Euro triple As at 83bp
CVC has reset and upsized a 2014 vintage European CLO, CVC Cordatus Loan Fund IV