Nuveen goes short again for latest US CLO
Nuveen priced a new short-dated US BSL CLO on Tuesday, arranged by BNP Paribas

Regatta is back in the race with new CLO print
Nomura arranged a new Napier Park Global Capital CLO on Tuesday, titled Regatta XXVI Funding

Elmwood goes short-dated for latest US CLO
After plenty of reset and refinancing activity earlier in the year, Elmwood Asset Management kicked off this week with the pricing of its first new issue US CLO since the summer

Rad CLO franchise lives up to name with second deal this month
Irradiant Partners continued a busy year in CLO issuance with its latest offering, Rad CLO 22, which priced on Friday

Birch Grove prices new US CLO
As part of a busy end-of-week for new US CLOs, Birch Grove Capital priced its new US deal Birch Grove CLO 7 on Friday

Voya prices first new US CLO of the year
Voya Alternative Asset Management has joined a flurry of CLO pricing activity to round out this week with a new USD 353.70m deal arranged by Bank of America

Citi prints new US CLO for Rockford Tower
Rockford Tower Capital Management priced its first new US CLO for 2023 on Thursday in a USD 397.55m deal arranged by Citi

Natixis and Bain team up on new middle market CLO
Middle market CLO issuance continued to grow yesterday with the pricing of BCC Middle Market CLO 2023-2, arranged by Natixis and managed by Bain Capital Credit

Golub prices CLO 70
Barclays priced a new US BSL CLO for Golub Capital on Friday, according to market source. The deal, called Golub Capital Partners CLO 70(B), had a standard two-year non-call and five-year reinvestment period.

Goldentree prices CLO 18 with help from four banks
The latest new issue deal from Goldentree saw Morgan Stanley take the lead in a deal that also involved Bank of America, Wells Fargo, and NatWest Securities

Ares adds sixth deal to 2023 tally
The wave of CLOs that priced today included a new US CLO for Ares Management arranged by Bank of America

Warwick hits the ground running as second CLO prices
Warwick Capital is off to a blistering start with a new deal printing barely two months since the debut manager priced its first

Generate focuses on fixed rate tranches for latest US CLO
Generate Advisors priced its third CLO of the year, a USD 404m new issue US BSL CLO that was arranged by Deutsche Bank

Arrowmark adds six-month triple A make-whole provision to latest deal
ArrowMark Partners has priced a US new issue CLO that has a six month make-whole provision for the class A-1 tranche

Bain breaks the mould with 2020 CLO reset
Bain Capital Credit has priced a US reset, arranged by Mizuho, of a 2020 vintage CLO

BlackRock matches recent tights for the latest 2022 vintage CLO reset
The steady stream of 2022 vintage CLOs resetting continued today, with BlackRock resetting Magnetite XXXV

Carlyle prices first CLO reset of 2023
Goldman Sachs arranged the reset of a late 2022 vintage Carlyle CLO

Partners Group returns to US CLO market for third time this year
Bank of America priced a new US CLO for Partners Group at the end of last week, the manager’s third new US deal this year

Benefit Street prints new US CLO
Benefit Street Partners priced a new US CLO arranged by Goldman Sachs

Octagon 68 prices with triple As at SOFR +167.5bps
Wells Fargo arranged a new US CLO for Octagon Credit Investors on Friday

European CLOs win out against US deals
Last month, our analysis explored the performance of US CLOs that were previously reset. We found that they delivered higher distributions than deals which weren’t reset, with the exception of the 2017 and 2018 vintages (Creditflux September 2023 — Do resets help CLOs perform better?). This article expands that analysis to the European market, and compares the performance of US BSL and EU CLO equity tranches.

Basel III looks likely to further increase banks investment in CLO triple As
Demand for CLO triple As has grown substantially over the past few years as more banking institutions, pension funds, asset managers and insurance companies discover this attractive asset class, which historically has never taken a loss.

Primary market roars into life
The primary CLO market pickup that started in August continued strongly in September, both in Europe and the US. Although the overall direction was the same on both sides of the Atlantic, the type of activity was quite different.

Manager tiering collapses as US issuance picks up
In September, manager tiering in the US market for new CLOs fell to its lowest basis this year, encouraging debut managers and small existing managers back to the market.

KKR prices third US CLO this year
Bank of America arranged a new USD 402.7m deal US CLO for KKR yesterday