Europe welcomes CIFC after manager prices its debut 2.0 CLO
CIFC Asset Management has made the breakthrough in Europe, pricing its debut 2.0 CLO on the continent today

Euro CLO round-up: smaller (and newer) issuers print deals as spreads edge wider
It has been a relatively busy week for the European CLO market after three new deals priced to end a 17- day silence in the primary market. The quiet spell was broken by smaller CLO issuers.

Onex produces its second US CLO of the year as spreads tighten
Onex Credit Partners has priced its CLO triple As at 133 basis points as part of a US new issue transaction which was executed on Friday.

US CLO round-up: something old, something new, GSAM returns with newcomers too
GSAM is back pricing CLOs after 12 years away, while relative newcomers make swifter re-entries in the CLO market 

AA Battery: GSAM powers back into the CLO market and merges senior tranches
Goldman Sachs Asset Management, itself a large buyer of senior CLO paper, has priced its first 2.0 CLO, but with the absence of a regular triple A-rated tranche

Axa IM prices first CLO refinancing since 2017
Axa Investment Managers refinanced its 2016 CLO, Allegro CLO IV yesterday via Goldman Sachs. The $440 million transaction knocks 22 basis points off of CLO’s funding cost from 200.1bp to 178.1bp.

Alcentra prices first new issue US CLO for 12 months in short-dated deal
Alcentra has priced its first new issue US CLO in 12 months, teaming up with Citi to issue Shackleton 2019-XIV

CLO pipeline: Barclays and Goldman branch out to mid market
The US CLO pipeline has been full in recent weeks and this continues, with 18 new issue CLOs and a further nine refinancings appearing this week.

Symphony reworks 2012 vintage CLO via Barclays
Symphony Asset Management on Friday priced a $617.85 million reset of a CLO that it first brought to market in 2012

Octagon prices triple As at 130bp in new US CLO
Octagon Credit Investors priced its fourth new issue US CLO of 2019 yesterday, making it the firm’s seventh transaction this year with two resets and a reissue.

Rockford Tower and JP Morgan team to price new CLO
Rockford Tower Capital Management priced its second new issue US CLO this year, Rockford Tower CLO 2019-2, according to market sources

CLO pipeline: newcomer emerges with unusual transaction
The US CLO pipeline continues to fill up, with 20 new issue US CLOs featured and another 17 deals set to be refinanced.

US loan trading: CLO managers on cloud nine after Ultimate Software allocations
CLO managers took down about 27% of Ultimate Software's loans in April, when the cloud operator issued its $2.3 billion first lien term loan due 2026, according to CLO-i

Anchor equity in 2018 CLO reissue fails to trade in secondary market
The anchor equity piece of Anchorage Capital’s 2018 reissue, Anchorage CLO 5-R was up for grabs yesterday on a b-wic seen by Creditflux

Florida-based manager revives plan for rare emerging markets CBO
RVX Asset Management has launched an unusual securitisation backed by emerging markets debt, according to market sources

US life insurers grew their CLO investments by 31% in 2018, finds Moody's
US life insurers held $79.4 billion in CLO exposure at the end of 2018, which is up 31% from the amount held at the end of 2017, according to a report by Moody’s Investor Service

CLO managers process Fusion bankruptcy implications
12 CLO managers hold $185.2 million exposure to the debt of the cloud services company, which filed for Chapter 11 bankruptcy 

The sky is not falling in on the CLO market, writes PineBridge
CLO market participants are fighting against the perception that their strategy is the detonator to another nuclear financial crises. PineBridge Investments took aim this week at naysayers predicting doom, re-emphasising arguments made last month during Creditflux's CLO Symposium in London. 

Euro CLO b-wic round-up: secondary volumes increase amid demand for short-dated paper
Last week saw over €230 million of European CLO items listed on the secondary market, matching the almost €1 billion seen in refinancing volume.

CIFC kicks off in Europe as its first CLO on the continent enters marketing stage
CIFC Asset Management has launched its debut European CLO transaction, with eyes to becoming the continent’s fourth debut manager of the year

CIFC becomes first manager to print four new issue US CLOs in 2019
CIFC Asset Management today became the first CLO manager to price four new issues in the US market this year after executing a deal via BNP Paribas

Global CLO league tables at a glance - May 2019 YTD
Global CLO league tables at a glance - May 2019 YTD

Euro CLO league tables: May’s refinancings fall just shy of €1 billion
European CLO monthly issuance has stayed roughly level since February what has differed recently though is the volumes of all forms of refinancings.

US CLO league tables: CSAM dominates globally but Octagon takes US lead
Octagon Credit Investors clinched the top spot in the US broadly syndicated loan CLO market by a mere $129,000 from Credit Suisse Asset Management. 

Fair Oaks prices €332 million debut CLO via Deutsche Bank
Fair Oaks Capital became a first-time CLO manager today, issuing its debut deal named Fair Oaks Loan Funding I