Fidelity’s Ballyrock prints its second reset of 2025
The reset priced the top of the stack five basis points tighter than another reset by the manager just three weeks earlier  

CIFC prints first new issue this year under JV with Teacher Retirement System of Texas
The USD 607m CLO is the latest in the manager’s joint venture with the Teacher Retirement System of Texas

Bain reworks 2019-vintage CLO a second time
The refi of Bain Capital Credit 2019-4 comes nearly three years to the day after a reset of the CLO  

Elmwood prints US BSL CLO with unusual structure
The second new issue US BSL this year from the manager has 10 tranches arranged in senior/junior splits  

TPG Angelo Gordon prices its first private credit CLO since September
The manager added to the list of middle market deals this year with a new USD 397m issue  

Palmer Square prices at record tight with market’s first new static US CLO of 2025
The deal is the tightest static US CLO ever, pricing narrow of the previous mark set in 2018  

Apollo's Redding Ridge refinances 2022 vintage US BSL CLO
RR 20 is the first deal to be refinanced by the manager this year 

Blackstone is seventh this year to print a new US BSL CLO at current market tights
Lake George Park CLO is the first new issue BSL-backed deal from the manager this year

CVC, Octagon price new US issues with AAAs at current tight
CVC's print established a new low this year for the overall cost of funding on a standard-duration US CLO with AAAs at 113bps  

Capital Four markets reset of inaugural European CLO
The attempted reworking of the 2019-vintage deal is guiding its triple A paper at between 120bps-123bps over Euribor  

Private credit CLOs see dramatic drop in spreads, at historic lows
With increased interest from managers and investors alike, middle market CLOs have seen steady spread compression down to post-GFC record low

Oaktree prices tight as it gets off the mark in Europe for 2025
The deal comes amongst a suite of deals that indicates European CLO spreads are currently in the midst of a rapid tightening movement    

Chenavari and Cross Ocean each price first CLOs in eight months
The European managers both priced new issues with triple As at 125bps over Euribor  

Sound Point’s latest CLO dramatically slashes European tights to lowest in four years
The transaction was the first full-stack European deal to achieve a total cost of debt below 179bps over Euribor in four years  

Aegon, CVC and Anchorage price BSL CLO resets
Aegon, CVC and Anchorage all reworked US CLOs, with the triple As printing between 120bps and 123bps over SOFR  

Barings becomes latest to match US market tight for new deals
Another new issue US BSL CLO prices AAAs at SOFR plus 113bps    

Bain markets new CLO with price talk at fresh European AAA tights
Hot on the heels of a new year-to-date triple A tight for European CLOs, Bain Capital Credit is attempting to drive spreads even lower  

AGL, PIMCO rework 2021-vintage US CLOs
AGL and PIMCO both refinanced deals from 2021 and priced the top-of-stack paper at SOFR plus 95bps and 99bps, respectively  

New CVC issue cuts Euro AAA tight by two basis points
CVC’s first new Euro deal of the year priced triple As at 120, two basis points inside the previous low – but its overall cost of funding remained slightly wide of the tightest for the year

Voya's first new US BSL CLO of the year hits AAA tights
The deal priced the senior-most tranche of triple A notes at SOFR plus 113bps

European CLO Rankings - January 2025
A busy January saw EUR 5.6bn of issuance in Europe, with Jefferies and HPS leading the European CLO rankings

US MM CLO Rankings - January 2025
JPMorgan stands out in January private credit CLO issuance, in our US MM CLO league tables

   

US BSL CLO Rankings - January 2025
A historically busy January pushed CIFC and Bank of America to the top of our US BSL CLO league tables

Canyon prices its third CLO since entering Europe
Canyon Partners has priced its first European CLO since April last year  

Hayfin returns to market with first US CLO in nine months
The reset of the 2020-vintage deal priced the top of the stack at SOFR plus 123bps