Nassau joins delayed draw issuance wave
The latest manager to draw down a delayed draw tranche in the run-up to Easter was Nassau Corporate Credit, the ninth such draw-down so far this year

Europe sees another delayed-draw AAA as Onex prices
Onex Credit Partners became the third manager to bring to market a deal with a triple-A tranche in a delayed-draw format, when it priced OCP Euro CLO 2024-9 yesterday

Rockford Tower prints the first short-dated European CLO this year
Rockford Tower has reset Rockford Tower Europe CLO 2018-1 in the first short-dated European deal of 2024

Carlyle joins European rush with new CLO
Carlyle returned to the European CLO market for the first time in 18 months with Carlyle Euro CLO 2024-1

Deutsche Bank and PSL launch index for European CLOs
Deutsche Bank has launched a total-return benchmark index for euro-denominated CLO debt.

Blackstone CLO gets bushier as delayed draw tranche issues
Blackstone added its contribution to 2024’s accelerating run of delayed draw single-B issues yesterday, as it priced a drawn-down class-F tranche

CLO round-up: mid-March 2024
Our roundup of all the action half-way through another spectacular month for the CLO market

Long delayed European CLO feature is delayed no longer
Since the beginning of this year six European CLOs have priced class F delayed draw issuance as what was once a theoretical leverage boost has become a regular occurence

European CLO reset matches market tights
The triple-A spreads on a European reset matched the tightest seen in European new-issue this year with the restructuring of a 2022-vintage transaction yesterday

European reinvestment periods are ticking up, but we're not at 2021 levels yet
With market sentiment running at strong levels through the first quarter of this year, investor demand for new issuances has been likewise strong – and that’s been reflected in a continued uptick in the length of reinvestment periods for European CLOs

European companies reprice EUR 16bn of loans in 2024 as window opens
When the European loan market started to talk about rates peaking late in 2023, repricing rehearsed a comeback, but did so effectively in January this year

Europe sees second CLO reissue of 2024 price
Fidelity Investments priced a European CLO reissue on Monday, according to market sources, following CVC's lead from last month

Hayfin joins European delayed-draw trend
Hayfin Capital Management has become the latest manager to price a delayed-draw European issue in 2024

Debut manager makes second issuance a delayed drawing
One year after its European debut, Canyon Partners last week priced the delayed-draw tranche from that inaugural Euro CLO

Chenavari returns to European CLO market after two-year absence
Chenavari Credit Partners returned to the primary market on Thursday for the first time in two years with a new European CLO valued at EUR 409.5m

UK-based manager looks to restart European infra CLO market
RM Funds, an Edinburgh-based infrastructure debt investor, is looking to launch the first European infrastructure CLO since 2008

CVC reissues structured financing facility as a full European CLO
The beginning of February saw something unusual in the CLO market – a reissue of the CVC Cordatus Opportunity Loan Fund, undertaken by CVC Credit Partners.

European triple As drop below 150 as KKR prices new CLO
The somewhat limp activity in the European primary market so far in 2024 was given a kick along on Friday with the pricing of Avoca CLO XXIX, a new EUR 402.85m BSL CLO from KKR

Polus prices new European CLO
London-based Polus Capital Management priced its latest European CLO on Friday, its second deal of the year and 18th CLO in total, after recently securing committed capital for continued issuance in the region

CLO market round-up: 27 Nov - 1 Dec
After a busy Thanksgiving week, CLO pricing activity was substantially quieter last week, with only a handful of deals in the market.

Hayfin prices short-dated CLO
After a quiet year in the primary market Hayfin Capital Management returned last week with a short-dated European CLO

Investcorp prices second European CLO this year
Following up its first primary market activity in over a year in July, Investcorp Credit Management has returned to the market with a second new European deal, Harvest CLO XXXI

ABS rallies on better-than-expected inflation prints
The European ABS market has rallied over the last two days on news of rapidly falling inflation in both the US and the UK

Europe greets new CLO manager
The latest debut manager has joined the European CLO market thanks to a new deal arranged by Bank of America

JP Morgan makes it eleven for Palmer Square
Hot on the heels of its fourth European CLO pricing earlier in October, Palmer Square priced its fifth European CLO of 2023 on the last day of the month