CLO pipeline: AGL aims high as it prepares fifth new issue of 2020
US CLO managers are sensing opportunities in the CLO market either via new issue CLOs or by refinancing the fixed-rate tranches in their legacy deals

Euro CLO league tables: Apollo blasts its way to top spot
July marked the largest month of European CLO issuance since coronavirus pandemic-induced volatility hit financial markets

Global CLO league tables - July 2020 YTD
Global CLO league tables - July 2020 YTD

US CLO league tables: refis return as Apollo and Citi maintain leads
US CLO monthly issuance rose above $8 billion in July for the first time since the coronavirus pandemic wreaked havoc across the globe

CLOs at a glance: managers show creative side to price new issues

Voya achieves second-tightest CLO pricing since sell off
Voya Investment Management has printed Voya CLO 2020-2 via Natixis, the manager's second CLO since the March sell off. A source close to the deal says the CLO was fully syndicated with multiple investors in each tranche

Fieldwood slips into second bankruptcy as CLOs hold $314 million
CLO managers hold $314.5 million of oil and gas drilling company Fieldwood Energy, which filed for Chapter 11 bankruptcy yesterday for the second time in two years 

Refinancing of fixed CLOs gathers pace as Jefferies follows Natixis with triple MJX refi
Natixis has built on its drive to refinance CLOs' fixed rate tranches by arranging a $100 million transaction for Fortress Investment Group. And Jefferies has joined the fray, on Tuesday becoming the second bank to refinance CLOs amid the coronavirus pandemic as it repriced six tranches across three CLOs managed by MJX Asset Management

CLOs hold $600 million of bankrupt retailer Tailored Brands
Tailored Brands has become the latest US retailer to file for Chapter 11 as a result of the coronavirus-induced pandemic. 37 US CLO managers hold $588.9 million in term loans of the Houston-headquartered firm,

Global CLO b-wic round-up: secondary CLOs rally but dispersion persists
The US CLO secondary market rallied, and spreads compressed last week, but there are still several outliers

Majority equity in BlueMountain US CLO goes up for sale
A majority of the equity in BlueMountain CLO 2018-1 is up for sale tomorrow in a sign that Assured Guaranty could be following through on its plan to change its CLO manager’s issuance model

Five Arrows prices same-day CLOs in US and Europe for first time
Five Arrows Managers broke new ground on Friday after pricing two CLOs on one day for the first time in its history

Ostrum's US CLO plan takes a turn after head of structured credit leaves
An experienced CLO PM has left Ostrum after just one year

CLO pipeline: Redding Ridge plans fourth US CLO since March
Last week proved to be one of the busiest weeks of the primary CLO market since the start of the coronavirus pandemic, with $5.21 billion worth of new paper issuance coming through: eight US CLOs, one middle market deal and three euro CLOs

Spreads tighten as GoldenTree and BlackRock print tightest CLO triple As since March
The CLO market moved tighter on Friday as GoldenTree Loan Management and BlackRock each priced new issues with triple As at 155 basis points over Libor, scoring a new record print following the coronavirus sell off in March

Hayfin prints Euro CLO with fixed-to-floating tranches
Hayfin Capital Management has printed its first European CLO of 2020, after amending the capital structure to include two fixed-to-floating tranches

OC health check: breaches start to take toll on July payment dates
37 CLOs reported an over-collateralisation test failure last week, but this was a falling percentage of those publishing trustee reports and none were fresh breaches

Hildene to take over management of ground-breaking trups-style CLO
Hildene Capital Management is in line to take over the collateral management contract for the first trups-style securitisation since the financial crisis

Hayfin revises structure for upcoming CLO with fixed-to-floating tranches
Hayfin Capital Management has amended the capital structure on its new upcoming €343.6 million European CLO to include an unusual feature

CIFC prices new CLO tight of market with $50 million upsize
CIFC Asset Management on Monday priced its second new CLO following the coronavirus outbreak - and upsized the deal by $50 million before pricing

CBAM returns to US new issue CLOs with highly unusual twist
CBAM on Monday made its return to the US CLO new issues, pricing one of the market's most unusual transactions following the coronavirus outbreak

Orix markets first new CLO following Mariner spin off
Orix Advisers is marketing its first CLO under its own moniker after acquiring the management rights of its former subsidiary Mariner Investment Group's leveraged finance business earlier this year

Nassau makes CLO primary return with one-year new issue
Nassau Corporate Credit has priced its first new CLO since the coronavirus sell off, with the $251.75 million deal set to run a short one-year non-call period

CLO managers push for deeper triple C buckets
CLO managers in the US have launched a concerted effort for greater flexibility on their triple C test limits since the coronavirus-triggered sell off in March

Columbia adopts AMR with first new CLO issue since November
Columbia Management has returned to the CLO primary market with its first new issue in over eight months