US CLO round-up: New Mountain gives a peek at better times
CLO primary issuance has produced healthy volume over the last few weeks with new issue paper totalling $7.9 billion since 21 September.

Chicago-based manager returns to CLO primary with first new issue for 17 months
PPM Loan Management has staged a CLO primary comeback by printing its first new issue deal in just over 17 months

First Eagle refinances partially paid-down senior CLO tranche
First Eagle Investment Management has teamed up with Citi to refinance a triple A-rated fixed CLO tranche that has been partially paid down

CLO pipeline: three behemoths prepare for quick-turnaround new issues
CLO managers have printed at a frenetic pace since the start of the quarter with $3.36 billion of issuance across all CLO markets and pricing types

Elmwood preps first reinvestment-extending CLO reset since sell-off
Elmwood Asset Management, the CLO manager linked with Elliott Management, is on track to reopen the US CLO reset market officially. The firm is planning a five-year reset of its inaugural CLO from 2019, Elmwood CLO I, with Citi overseeing arranging duties

CVC shaves 13bp off 2015 CLO's funding costs after single tranche refi
CVC Credit Partners has teamed up with Barclays to refinance the fixed-rate notes of its US CLO named Apidos XX

European CLO leverage battered

Octagon reaches milestone with CLO number 50
Octagon Credit Investors reached a milestone yesterday as it priced the 50th deal in its series of CLOs

BlackRock cuts CLO double A coupon with fixed-rate refi
BlackRock has priced a fixed-rate CLO tranche refinancing, teaming up with Mizuho to cut the coupon on the double A notes of Magnetite XII

New Mountain becomes first CLO debutante since March sell off
New Mountain Capital has become the first debut US CLO manager to issue an inaugural deal post-covid, after teaming up with Wells Fargo to price the $348.7 million New Mountain CLO I yesterday

Fidelity prices first three-year reinvestment CLO since sell-off
Fidelity Investments has issued its second post-covid CLO, and its first with a market standard three-year reinvestment period

Global CLO round-up: fresh start for five year deals as market reopens
The CLO market is still producing deals at a good pace, with $2.6 billion of global issuance last week. Four new issue deals priced in the US with Intermediate Capital Group and NYL Investors pricing their first transactions of the year while CVC Credit Partners made it two and Barings three in 2020

Deutsche Bank returns to US BSL new issue CLOs with first print in over 16 months
Deutsche Bank has priced its first US CLO backed by broadly syndicated loans in over 16 months after teaming up with CVC Credit Partners to issue the $402.5 million Apidos CLO XXXIV

NYL prints five-year reinvestment CLO with triple As at 130bp
New York Life Investment Management has brought the second five-year reinvestment CLO to market and placed its triple A notes at just 130 basis points over Libor 

Barings prices second US CLO in a month
Barings has stepped up the pace of its US CLO issuance, pricing its second 2020 new issue yesterday less than one month after pricing its first

Four US CLO refis highlight diverging manager strategies
Four US CLO managers - Ares Management, GSO Capital Partners, Marathon Asset Management and Voya Alternative Asset Management - have each refinanced fixed-rate CLO tranches, with the four deals totalling $69 million in paper. But new strategies are beginning to emerge

US and European CLO portfolio managers set to leave Onex
A pair of experienced CLO portfolio managers are leaving Onex at the end of the year. Sources say Onex remains committed to the CLO business, having issued three deals globally since May

CLO pipeline: primary tightening opens door for CLO managers to print new issues
The CLO primary market is hitting a fast pace as it enters the last quarter of 2020. Last week brought a surge of new issuance as 11 US, two European and one mid market CLO manager priced their latest transactions

ICG issues first new US CLO in over 12 months
Intermediate Capital Group has printed its first new US CLO in over 12 months, teaming up with Bank of America on the $401.8 million ICG US CLO 2020-1

Voya passes $1 billion US CLO issuance in 2020
Voya Alternative Asset Management has surpassed $1 billion CLO new issuance since the March coronavirus sell off began, joining the ranks of managers to print three transactions in this time

AGL cements post-covid US CLO lead with fifth new issue
AGL Credit Management has consolidated its position as the most prolific CLO manager post-covid after becoming the first firm to print five new issues in the US

Morgan Stanley IM prices first new CLO following Assurant deal
Morgan Stanley Investment Management has issued its first CLO since buying the contracts to four deals previously managed by Assurant

Anchorage returns to three-year reinvestment structure for latest CLO
Anchorage Capital Group has returned to the market-standard three-year CLO structure for its latest Barclays-arranged deal, Anchorage Capital CLO 16

Morgan Stanley IM markets first CLO since Assurant buy-out
Morgan Stanley Investment Management is marketing its first CLO since buying the management contracts of four deals previously managed by Assurant

NYL markets five-year CLO with spreads poised to move tighter than Q4
NYL Investors is marketing a five-year reinvestment US CLO with price guidance indicating CLO spreads are tighter than they were during the sell off in the fourth quarter of 2019. However, IG and HY credit are on different paths