Atlas SP joins new CLO arrangers vying for growth as sector booms
Apollo Global Management affiliate Atlas SP has joined the ranks of CLO arrangers, adding to the burgeoning number of new entrants eager to get into the lucrative business

Investors pursue wide variety of ‘snooze drag’ loan amendment language
Investors were once outraged by what the European leveraged loan market dubbed ‘snooze drag’ clauses — technical language in CLO documentation that regulates whether managers can hold loans after terms are amended. Some even vowed to get rid of it.

Full steam ahead in the US and Europe
We’re now six months into 2024, and according to our latest league tables, the CLO engine shows no sign of slowing down, as spreads grind tighter and resets get underway in Europe

CLOs at a glance
CLOs at a glance

AlbaCore breaches 100-bps triple-A barrier with Euro CLO refi
AlbaCore Capital’s latest transaction has refinanced the European manager’s fourth deal, dating from 2022

Record-sized European 2.0 print for Palmer Square
Palmer Square yesterday racked up the milestones when it priced its latest deal, a static CLO that was the largest European 2.0 CLO seen so far

Spire prices tight with first CLO in 10 months
Spire Partners has returned to the market with a new European CLO which saw the triple-As printing just one basis point outside the benchmark

Trinitas refinances static deal for second time in eight months
Trinitas Capital Management has refinanced TSTAT 2022-1, a static US BSL deal from 2022 that already underwent a partial refi late in 2023

Redding Ridge sets new European triple-B tight with latest CLO
Apollo priced another new European CLO at the end of last week via their Redding Ridge affiliate – its fourth of 2024

European CLO spreads break into 120s with new CVC print
Furthering a tightening cycle that began at the end of last year, CVC has become the first manager in Europe to price triple-A coupons in the 120s this year

Partners CLO reset sees triple-As price wide of previous level
The steady stream of European resets continues with Partners Group pricing a reworking of a 2022-vintage CLO

Capital Four resets short-dated CLO from 2022
Capital Four has reset its European broadly syndicated deal Capital Four CLO IV, achieveing some of tightest senior spreads this year

Onex impresses with tight CLO mezz spreads
Onex Credit Partners priced its eleventh CLO transaction and second European offering of the year

New AXA European CLO shows mezz dispersion
AXA maintained its prolific recent rate of issuance, with a new European deal – the firm’s first for the year – following on from two US deals last month

Oaktree pushes European CLO triple-As down to a neat 130
Spreads on new-issue European triple-As hit a new low of 130bps over Euribor on Friday, when Oaktree priced its latest CLO

GoldenTree resets 2023 European CLO
GoldenTree has taken advantage of tightening spreads to reset a 2023-vintage European CLO, arranged by Bank of America

Permira boosts European reset flow
Moving into the second half of 2024, a steady stream of 2022-vintage CLO resets is set to flow in Europe, and Permira Credit contributed to this wave with its latest deal

Third CLO’s a charm for Arini
Arini Capital maintained its dramatic growth in the CLO market on Friday, pricing an impressively tight new European deal

Chenavari picks up pace with mezz refi
Returning to the primary market with its second deal of 2024, Chenavari Credit Partners has printed an unusual partial European refi

Tikehau solidifies European narrowing with new CLO
Tikehau Capital has priced a new EUR 406.2m CLO, reinforcing the European market’s ongoing narrowing of liability spreads

Fidelity prices new European CLO with triple-As at 131
Fidelity Investments priced its Fidelity Grand Harbour CLO 2024-1 yesterday at a new record year-to-date triple-A tight.

Barclays sees record European CLOs for 2024
Barclays expects a record year for CLO deals in Europe, raising its issuance forecast to EUR 40-45bn in a report released this week

Investcorp prices European CLO reset
Investcorp injected some life into the European CLO market on Wednesday, with a EUR 374m reset of a 2022-vintage deal 

Natixis markets new AXA European CLO
AXA is among the managers boosting the pipeline of forthcoming European deals, with the manager currently marketing a new European issue via Natixis

Investors flock to CLOs as interest rates stay high
A surge in demand from global investors combined with flat net supply has winnowed down yields in the USD 1.3tn CLO market. And the outlook is for another step down for spreads despite last month’s record issuance.