Global CLO league tables - September YTD
Global CLO league tables - September YTD

US loan index falls below 92 to almost wipe out gains since July
The S&P/LSTA Leveraged Loan Index sank to an average bid of 91.92 cents by Monday, down by two points in as many weeks, wiping out almost all the gains seen in the late-summer market rally

PGIM goes short with new three-year reinvestment CLO
PGIM priced a new CLO on Friday, opting for a shorter-dated structure with a one-year call-lock and three-year reinvestment period

CSAM issues new $476.3 million CLO
Credit Suisse Asset Management priced a new CLO on Friday at $476.29 million

New York-based manager prepares to issue its first 'new ' CLO since 2008
A CLO issuer from the 1.0 era is marketing a new deal via Goldman Sachs, which would be the manager's first new issue since 2008

Sixth Street prints first new CLO in over a year
Sixth Street returned to the CLO primary market on Wednesday, bringing its first transaction of the year and its first new issue deal in 12 months

Benefit Street scores market tight 190bp triple A spread on new CLO
Benefit Street Partners priced a new CLO on Wednesday, placing its triple A notes at the market tight spread of Sofr plus 190 basis points

Boston-based investor looks to sell entire equity tranche of 2020 PGIM CLO
An unusual equity position is on sale on the secondary market today at 9.30am EST (2.30pm London time) as the entire equity tranche of Dryden 83 has been listed

Monroe prints second middle market CLO of the year
Monroe Capital Partners priced its first middle market CLO since February on Tuesday, and the largest middle market CLO in four months

Empower and Muzinich become US CLO market's first debut managers in six months
Empower Capital Management and Muzinich & Co became the US CLO market's first debut managers since February by printing their inaugural deals on Friday

PennantPark grows mid market CLO volume to $1.5 billion with fifth deal
PennantPark has priced its fifth middle market CLO, growing its total CLO issuance volume to $1.5 billion since making its 2019 debut

US insurers’ CLO exposure jumped 12% in 2021 amid widening investor base: NAIC
US insurers’ CLO exposure increased by around 12% to $216.3 billion in book / adjusted carrying value by the end of 2021, up from about $192.9 billion the year before, according to an annual report by the National Association of Insurance Commissioners

Trimaran comes at wider end with first CLO of year
Trimaran Advisors on Tuesday priced its first CLO of 2022

Elmwood becomes second largest US CLO issuer of 2022 with eighth deal
Elmwood Asset Management priced its eighth US CLO of the year on Monday, overtaking Palmer Square Capital Management to become the second-largest US CLO issuer of the year by volume

AGL stands alone with 190bp CLO triple As attaching at 37% in new issue
AGL Credit Management priced a new US CLO on Friday via BNP Paribas, scoring a market-tight triple A print of 190 basis points over Sofr - without the benefit of a junior triple A tranche

US CLO pipeline: new faces appear amid tightening price guidance
After many months, the US CLO pipeline is bursting with new life as two debutants market their inaugural deals – Empower’s Empower 2022-1 and Muzinich’s 1988 CLO 1 

CLO debutants storm into US for first time since February as two managers market deals
The theme of first-time managers entering the US CLO market is set for a comeback, with Empower Capital Management and Muzinich marketing debut new issue transactions

Fortress goes short with new three-year reinvestment CLO
Fortress Investment Group priced a new CLO via Natixis on Thursday, opting for a short three-year reinvestment period

Large insurer set to navigate into US CLO management
A large insurer has taken out its compass, which is pointing straight to a debut US CLO 

Three control CLO equity positions hit market with another to follow
Three anchor US CLO equity positions were listed on the secondary market yesterday in what was a busy day for investors

BofA prices CLOs for CarVal and Voya
Bank of America's CLO issuance volumes have passed $1 billion for the week after new deals for Voya Investment Management and CarVal CLO Management on Tuesday

Senior triple As hold steady at 190bp as Morgan Stanley Eaton Vance prices CLO
190 basis points remained the new benchmark spread for senior triple A CLOs on Friday after Morgan Stanley Eaton Vance became the third manager to place its first pay notes at the level

190bp emerges as senior triple A benchmark as Octagon prints new CLO
Octagon Credit Investors priced a new CLO via Nomura on Thursday, placing its senior triple A notes at the market tights of 190 basis points over Sofr

Beneath the triple C: US CLOs take a dip in the triple C as Europe watches from the sun lounger
The US CLO market bore the brunt of downgrades to triple C in July and August, with a total of $6.22 billion of paper affected. European CLOs enjoyed a more relaxing summer holiday, with only 1 name representing €33.88 million worth of bonds downgraded to triple C.  

CLO senior triple As stay inside 200bp as Invesco prints US new issue
Invesco priced a new CLO on Tuesday with the deal's senior triple A notes yielding Sofr plus 199 basis points