West-coast giant prices second CLO this year
PIMCO returned to the CLO market for the second time this year with the pricing of Balboa Bay Loan Funding 2023-2

ICG taps Apollo partner as head of US liquid credit
The new head of US liquid credit has been tasked with helping grow ICG's US credit business

Pinebridge prices new US CLO
Pinebridge Investments priced a new US CLO on Friday in a USD 404.7m transaction arranged by Barclays

Nuveen adds short-dated CLO to its tally
The third short-dated CLO in just two weeks has been priced as managers bet on liabilities continuing to tighten

Refinancing range expands as 2020 vintage deal prices
The CLO refinancing market opened up last week with the pricing of the first refi of a US 2020 vintage deal in more than a year

Katayma becomes third new entrant to the US CLO market this quarter
Katayma Credit Management became the third debut manager to price a US CLO this quarter thanks to a USD 402m deal arranged by Wells Fargo

Sixth Street prices second US CLO this year
Citi arranged a new USD 404.5m deal US CLO for Sixth Street yesterday

Diameter prices fifth US CLO
Diameter Capital Partners returned to the primary CLO market yesterday with its first US CLO this year

CLO manager raises new captive equity fund
The New York-based alternative asset manager raised a new CLO equity fund with a first close of USD 136m

Short-dated US CLOs are in fashion with BlackRock pricing new deal
Magnetite XXXIX features a one-year reinvestment period and triple-As at 155bps

Latest Elmwood reset brings triple A spreads in 60bps
Morgan Stanley priced Elmwood Asset Management’s second reset of 2023 on Friday

Jefferies resets 2022 vintage US CLO for OFS
OFS Capital Management became the latest manager to reset a 2022 vintage US CLO on Friday

BofA prices US CLO reset for Rockford Tower
Rockford Tower Capital Management joined the 2023 reset club this week in a USD 365m transaction arranged by Bank of America

Second BlueBay CLO in a month shines a light on spread tightening
BlueBay priced its fourth US CLO on Friday, arranged by parent company RBC. Both CLOs have almost identical structures allowing for a comparison on recent primary spread tightening.

Wellington prices first CLO 2.0 deal
Wellington Management became the newest US CLO manager last week as the Boston-based manager priced Wellington Management CLO I

CIFC prices new broadly syndicated CLO in 2023
Bank of America priced a new US CLO for CIFC yesterday, according to market sources

BNP Paribas makes it two US refis in a week
BNP Paribas has priced a deal for PGIM, following on from Monday’s refi of Valley Stream Park CLO

Triple As hit the 150s in short reinvestment CLO
Bank of America priced a new CLO for Palmer Square this week with triple As at just 155bp

BNP Paribas and Blackstone make it two refis in 2023
BNP Paribas has refinanced a 2022 vintage US CLO for Blackstone, called Valley Stream Park CLO 

Brightwood returns to CLO market for first time this year
Brightwood Capital has priced a new middle market CLO, Brightwood Capital MM CLO 2023-1, arranged by GreensLedge with RBC as co-placement agent

Do resets help CLOs perform better?
As the market for CLO resets opens, we look at the performance of deals that were previously reset, and find they soon deliver higher distributions than those deals that were not reset

Big banks see small changes in CLO holdings — but that may change in third quarter
The major bank buyers of CLO triple A notes saw limited change in their holdings during the second quarter, according to their latest financial statements

Print and sprints from 2022 generate near record returns
A select group of print and sprint CLOs that priced in the summer of 2022 are generating near-record IRRs on the back of the rally in the loan market over the past 12 months. The CLOs in question were structured with one-year non-call periods and were liquidated in August.

CIFC prices first middle market CLO
CIFC priced its first middle market deal last week through its direct lending affiliate LBC Credit Partners

Bank of America prices three CLOs in a day
The bank managed to make the triple with a new CLO for Octagon, a reset of a 2022 vintage deal for Voya, and a highly unusual partial refi of a static CLO for Marathon