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  

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  

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

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

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

UBS prices first new US issue for 2025 close to current AAA tight
The USD 604m deal saw the senior triple-A paper paying 114bps over SOFR  

Fidelity tightens up with first Euro CLO reset of 2025
The repricing set a new year-to-date triple-A tight for European resets of Euribor plus 123bps  

January issuance smashes records as spreads tighten
The CLO market blazed hot in January, breaking issuance records and pushing spreads down to near-historical lows. Market participants are positive about the rest of the quarter, but predict headwinds on the horizon.

PGIM resets 2017-vintage Euro CLO with wider cost of funding
The transaction marked the first reworking of the seven-year-old deal, with spreads pricing wider at every level of the cap stack  

Palmer Square prices tightest static European CLO in three years
Palmer Square has printed a static deal with triple-As hitting 85bps over base rate

Investcorp sets new low for fixed-price AAs with latest Euro CLO
The newest new-issue print from Investcorp also priced close to current tights through the mezz  

HPS achieves sub-120 AAA spread deals with new US CLO
Having already printed new European and private credit CLOs in 2025, HPS priced its first new US BSL deal of the year  

Ares snatches tightest cost-of-funding crown by slimmest of margins
Ares’ first new European deal of 2025 equalled year-to-date spread tights for every tranche  

Fortress and Polen print their first new CLOs of the year
Fortress and Polen Capital have priced their first BSL offerings of the year, both via BofA  

Wellington prices impressively tight with latest new-issue CLO
The Boston-based asset manager is building a reputation for pricing tight deals despite its newness to the market    

Partners prices second reset of 2017-vintage Euro deal
The repricing is the manager’s first European deal of the year  

Bain and CVC are marketing new European CLOs looking to price next week
Price talk is circulating for two new European CLO issues from Bain and CVC, both valued at around EUR 405m and arranged by Jefferies  

Euro CLO roundup – January spreads tighten in, with promise of more to come
With top-of-stack spread tights having already narrowed by six basis points from the end of last year, deal guidance indicates that February will see further tightening

Investcorp refinances 2019-vintage US CLO
The refi of Jamestown CLO XIV is the first primary market activity by the manager since November  

HPS and Palmer Square CLO AAAs hit 125 in Europe
The two new-issue deals that priced last week were among the tightest to price since the start of the year

Acer Tree sees runway for CLO issuance with Ymer deal
The firm’s CIO told Creditflux the deal marks a commitment to support a stream of CLOs over the next couple of years

Spire hits new 2025 European low cutting AAA spreads to 122
The manager’s first CLO issue of 2025 trimmed three basis points off the previous market tight  

High yield deals pricing far inside of IPTs as January demand drives tightening
High yield bond deals are tightening faster and further from initial price thoughts (IPTs) in 2025, compared to the last quarter of 2024 

Price talk circulates for European PGIM reset in marketing
PGIM is looking to reprice a European 2017-vintage deal next week with a EUR 27.7m equity injection