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

Barings' new US CLO joins group of tight 2021 prints
Barings has produced its first new CLO of 2020, teaming up with JP Morgan on the $359.2 million deal named Barings CLO 2021-I

US CLO league tables: CLOs put on extra weight in February
Deal sizes increase as demand soars

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

CIFC's 102bp triple As pull CLO average tighter
CIFC Asset Management priced its second CLO of the year on Friday with the triple A notes coming in at 102 basis points over Libor

Morgan Stanley IM ups CLO pace with second new deal in four months
Morgan Stanley investment management has cranked up the pace of its new CLO formation by printing its second deal in just four months

CLO refi spree heats up with $1.84 billion in one day
Another $1.84 billion of CLO paper refinanced on Friday as five managers - PineBridge Investments, Credit Suisse Asset Management, Mackay Shields, Steele Creek and MJX Asset Management - took to the primary market to cut their funding costs

AIG offers single B notes in largest CLO to date
AIG Asset Management issued its largets CLO to date on Thursday. Named AIG CLO 2021-1, the transaction came in at a par value of $515.3 million

Blackstone scores one of tightest ever 2.0 US CLO funding costs
Blackstone Credit has priced one of the tightest 2.0 CLOs ever with funding costs of just 141.61 basis points

PGIM refis 2018 CLO with triple and double Bs wider
PGIM has saved 12.34 basis points after refinancing its 2018 CLO named Dryden 61. Unusually for a refi, the triple and double B notes were wider than in their original issue form

Allstate produces curve-flattening, benchmark-setting CLO as five-year triple As hit 99bp
CLO re-tiering is gathering pace with Allstate Investment Management Company moving into the top bracket of CLO issuers, judging by the firm’s new five-year US CLO which priced Thursday

Neuberger Berman joins tightest CLO resetters with triple As at 104bp
Neuberger Berman has reset its 2017 vintage CLO named Neuberger Berman CLO XVI-S, with the triple A notes printing at just 104 basis points over Libor

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

Most experienced CLO trading head in the business leaves Wells Fargo
The longest-serving CLO trading head in the business, who is said to have registered a profit in each of his 20 years trading, has parted ways with Wells Fargo in the last few days

Invesco flavours 2016 CLO vintage with single B notes
Invesco has priced a $553.6 million reset of 2016's Riserva CLO via Goldman Sachs, inserting a new single B-rated liability tranche into the structure in the process

CSAM scores $732 million with largest CLO refi of 2021
Credit Suisse Asset Management priced the largest CLO refinancing transaction of the year on Monday, teaming up with Barclays to refi $732 million notes from its 2018 vintage CLO named Madison Park Funding XXXII

Bain features triple B discount in third-tightest CLO post-covid
Bain Capital Credit priced its first CLO of 2021 on Monday, securing the third tightest funding costs for a five-year reinvestment deal post-covid in the process

Aegon resets 2016 CLO with triple As at 105bp
Aegon Asset Management reset its 2016 CLO Cedar Funding VI for an extra five years of reinvestment, with the triple A notes paying 105 basis points over Libor

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 

Carlyle brings 2021 US new CLO volume to $1.14 billion with tightly priced deal
Carlyle Group priced its second new US CLO of the year on Friday, teaming up with Citi to place the $508.8 million Carlyle US CLO 2021-2

2020 debut manager returns with second CLO after just four months
New Mountain Capital has priced its second CLO transaction just four months after entering the management space

KKR US CLOs highlight sharp February rally as triple Bs move in by 60bp
KKR priced its largest CLO in almost three years on Friday, teaming up with Citi to issue the $607.6 million deal named KKR CLO 31

Four managers print $1.5 billion CLO refis
Four CLO managers - CVC Credit Partners, CarVal Investors, Ellington Management Group and Neuberger Berman - each priced a CLO refinancing transaction on Friday

Blackstone adds single B tranche in US CLO reset
Blackstone Credit teamed up with BNP Paribas on Friday to reset its 2017 vintage CLO known as Thayer Park

Pacific returns to CLO primary with tightest three-year reset
Pacific Asset Management priced its first CLO primary market transaction in over 12 months on Friday, teaming up with Natixis to reset its debut deal, Trestles CLO 2017-1