New Mountain keeps it short for latest BSL CLO
New Mountain Credit has bucked the new year’s trend for five year reinvestment periods, with its USD 407m new issue this week marking 2024’s first short-dated new US BSL print

Oaktree grows business with new US CLO
Sneaking in with one of January’s last pricing deals, Oaktree Capital Management priced its latest offering yesterday, in a USD 405m US BSL CLO arranged by Morgan Stanley

Generate keeps up the momentum with new BSL deal
New York-based manager Generate Advisors, the CLO management arm of Kennedy Lewis Investment Management, has consolidated its successful 2023 with its first deal of the year this week, a BSL CLO arranged by Citi

Carlyle adds new US CLO
Carlyle Group priced one of the tighter US BSL prints thus far this year in partnership with Citi as the primary market kicked into overdrive with an array of deals

TCW mixes it up with 11 different debt tranches in latest deal
Los Angeles-based TCW has joined the rush of managers pricing new US CLOs as January draws to a close, printing a USD 406.3m deal last week via Jefferies.

KKR keeps it short-dated for latest reset
Morgan Stanley has priced the first short-dated deal of the year, with a USD 427.9m reset of the 2020 vintage KKR CLO 28

US reset market expands to 2023 vintage
The first 2023 deal has already returned to the primary market as Apollo-affiliated Redding Ridge Asset Management last week priced a reset of its 2023-vintage RRAM CLO 25

US CLO spreads continue to tighten as Oak Hill prints new deal
Prints in the primary CLO market continue to edge down even further, with Oak Hill Advisors last week setting a new triple-A benchmark at 148 bps over SOFR with its latest transaction, OHA Credit Funding 17

CIBC lights up market with new BSL CLO for West Coast manager
Irradiant Partners has become the latest manager to join the burgeoning raft of 2024 issuance with yesterday’s USD 400.73m Rad 23 CLO print

Dynamic duo strike again with another tight print
Bain Capital Credit has elected to build on its established relationship with Mizuho for its latest CLO, which priced yesterday, continuing the partnership that led to three separate deals pricing over the course of 2023

Anchorage returns to CLO issuance after 9 months away
Anchorage Capital has priced its first US transaction in nine months with a new USD 402.4m deal arranged by Citi.

Elmwood returns to the BSL market with characteristically tight print
After a busy 2023 that took in seven deals, Elmwood Asset Management was among the managers taking advantage of favourable market conditions to price a new half-billion-dollar US BSL CLO

CarVal prints new US BSL deal
The final pricing for CarVal’s new US BSL print has been announced, a couple of weeks after marketing materials indicated the Deutsche Bank-arranged deal was in the offing

Scotia continues growth with new CLO for Fortress
The middle market has continued its strong start to the year, with Fortress Investment Group yesterday setting a new benchmark for middle market pricing

Barings prices new US CLO
Pricing details have emerged for last week’s USD 408m Barings' CLO in its first new issuance since November’s single-day double-deal.

US triple As hit 152 bps as CIFC reset prices
Taking advantage of favourable market conditions CIFC Asset Management last week reset its 2022-vintage CIFC Funding 2022-V US CLO setting a new benchmark for 2024 in the process

US CLO market hits multi-year tights as AGL prices
AGL Capital Management has followed through on the tight pricing foreshadowed earlier in the month for its new US BSL CLO, AGL CLO 29, with its senior triple-A notes printing at the tightest spread of any non-short-dated or non-static deal since the first half of 2022

Onex hits the ground running with new US BSL CLO
Onex Capital Partners this week priced its first deal of the year with its new half-billion-dollar US BSL issue, OCP 2024-31

Middle market CLO continue to roll with new Guggenheim deal
The middle market has continued its strong start to the year, with Guggenheim Investments following on from Blue Owl with its own new USD 400m offering, Guggenheim MM CLO 2024-7

First CLO of 2024 prices
Jefferies won the battle for the first CLO of 2024 last week via a new US BSL CLO priced for CQS

Deutsche Bank markets new US CLO with triple As at 157bps
AGL Capital Management has become one of the first players to move in the 2024 US CLO primary market, issuing indicative pricing for its forthcoming AGL CLO 29

Schwartz steps up to lead AB CLO platform
Alliance Bernstein has promoted Bob Schwartz to lead the AB CLO platform, a move chat comes in the wake of Scott Macklin’s move from AB to Obra Capital

KKR and Bank of America team up on static refi
We missed one CLO from our holiday primary roundup yesterday, with KKR taking advantage of the end-of-year tightening across the market to round off 2023 with a refi of its first static BSL CLO

CLO market round-up: holiday cheer hits as US senior spreads move in
The holiday period saw a brace of end-of-year US deals pricing, with a range of new issues, resets and a refi to lead the market into 2024, and senior spreads move firmly back in the 160s.

KKR adds US reset to 2023 tally
In what is likely to be one of the last primary market CLOs to price in 2023, KKR last week reset its 2022-vintage US BSL KKR CLO 43, with Deutsche Bank acting as sole arranger