2021 US new issue CLO volume reach $8.6bn after ICG prices
Intermediate Capital Group teamed up with Barclays on Friday to price a $407.5 million CLO named ICG US CLO 2021-1. The deal brings new issue volume in the US market for January to $8.57 billion

Barclays prices CLO refis for Kayne Anderson and NYL
Barclays priced two CLO refinancings on Friday, reworking deals managed by Kayne Anderson and NYL Investors. These total $742 million, meaning the US CLO market absorbed $8.42 billion of refi paper in January - or 38.55% of the total refis priced in 2020

CLO manager returns to new issue market for first time since 2018
OFS Capital has priced its first new CLO in over two-and-a-half years years, teaming with Jefferies to print the $313.15 million deal named OFS BSL CLO X

TCW CLO tranches digitally refinanced for second time
TCW CLO 2019-1 AMR was digitally refinanced for the second time today following the third successfully cleared applicable margin reset auction

CLO pipeline: OFS to make comeback as 2020 absentees eye new issues
As liability spreads tighten day by day, the CLO pipeline is filling fast. 2020 absentees are joining the parade as four US managers and three European managers aim to return to the new issue market after taking a break of 12 months or longer

European CLO mezz tightens as Napier Park prices
Napier Park priced its fourth European CLO today, Henley CLO IV, which has notched up the second-tightest cost of debt since March - and tightest for a deal with single B debt

Spreads plummet as Oak Hill prices five-year US CLO with 119bp triple As
Oak Hill Advisors has priced the tightest five-year reinvestment US CLO since March with funding costs of just 159.49 basis points

Assured prints its tightest CLO since BlueMountain takeover
Assured Investment Management has priced its tightest CLO since buying out BlueMountain Capital Management in 2019

OC health check: CLOs end 2020 with fragile recovery
Only 109 CLOs breached an overcollateralisation test in December, falling from 121 in November. This in turn was down from the 147 CLOs that breached an OC test in October, but 33 cured their breaches in November and a further 11 cured all OC test failures in December

CIFC upsizes US CLO by $100 million before pricing
CIFC Asset Management teamed up with Royal Bank of Canada to print its first new CLO of 2021 on Friday. The deal, named CIFC Funding 2021-1, was upsized by $100 million before pricing

January US CLO refi volume overtakes 2020 post-covid volume
Two CLO managers - Voya Financial and Sound Point Capital Management - priced CLO refinancings on Friday worth a total of $621.9 million, bringing total refi volume for January up to $5.56 billion

Sculptor prints first regular-way US CLO in 1.5 years
Sculptor Capital Management made a grand return to the CLO primary market on Thursday with its first regular-way new issue deal for 1.5 years

KKR prices three-year reinvestment CLO via BNP Paribas
KKR Credit teamed up with BNP Paribas on Thursday to print a $402.3 million three-year reinvestment CLO named KKR 29

Benefit Street resets 2014 US CLO on its reinvestment date
Benefit Street Partners has reset its 2014 vintage CLO named Benefit Street Partners CLO IV for a second time, and on the day it was scheduled to leave its reinvestment period

Partners teams up with Barclays for first time on new five-year CLO
Partners Group priced its seventh US CLO on Tuesday, and its first one globally to be arranged by Barclays

Sculptor readies first new US CLO since 2019
Sculptor Capital Management is preparing a comeback US CLO via Bank of America

CLO pipeline: 2020 absentees join new issue rush
The CLO pipeline is growing by the minute as managers prepare their first new issues of the year after varying lengths out of the market

Fidelity steps into European CLOs with MeDirect deal
Fidelity International is breaking into European CLOs after striking a deal to acquire the CLO management team from MeDirect

US CLO manager rekindles European CLO ambitions as it launches debut 2.0
A large US CLO issuer has revived its European CLO plans, more than two years on from its failed attempt

Five-year CLO triple As rally to 124bp with Sixth Street US deal
Five-year US CLO triple A spreads have reached 124 basis points after Goldman Sachs priced a $430 million long-reinvestment CLO for Sixth Street Partners on Friday.

Seix CLO passes AMR refi test at second auction
Seix Advisors successfully executed a digital refinancing of its 2019 vintage CLO named Mountain View XIV on Thursday via the applicable margin reset (AMR) process

US CLO spreads grind tighter with Gulf Stream five-year deal
Gulf Stream Asset Management has priced its third CLO since refashioning itself for the 2.0 era, bringing its total CLOs under management up to $1.4 billion

Refis, resets and reissues back in vogue as four US CLO managers print deals
Various shades of CLO refinancings dominate the US CLO primary market with four deals - two refis, a reset and a reissue - printing on Wednesday for a total volume of $1.1 billion. This surpassed all US CLO refinancings in the six months from March to September last year

Eagle Point makes large investment in rival's CLO fund
Eagle Point Credit Management has made a large investment in the preferred stock in a competitor's publicly traded CLO fund

Beneath the triple C: 13 CLO loans take a dive but defaults subside to a ripple
22 corporate debt issuers were downgraded to triple C or below in November and December by Moody’s or S&P, out of which 13 can be found in CLO portfolios  – hurting $4.55 billion of US CLO loans, €1.87 billion of European CLO portfolios and almost $80 million of middle market CLOs loans, according to CLO-i