Investcorp leaves double A tranche untouched in Euro CLO partial refi
Jefferies reworked the 2019 deal’s triple A, single A and triple B tranches in a €329.5 million transaction, leaving the double A-rated tranche untouched

Everyone’s ramping

Blacklisting of Cayman Islands will force Euro CLOs to move
The Cayman Islands could soon be lost at sea for CLO managers looking to establish European and EU-compliant deals, after panellists at Creditflux’s CLO Symposium indicated that regulations ruling out use of the jurisdiction are likely to be implemented

"Never have the choices for issuers been more varied, nor the market dynamics more complex"
Direct lending deal terms are becoming more attractive in Europe

"Purchasing IG CLO debt was a key driver of success for 1.0 CLOs"
Longer reinvestment periods, the ability to buy IG tranches and improved loan settlements would improve CLOs

Bain prints second European CLO new issue of 2021
.Bain’s latest deal, Bain Capital Euro CLO 2021-2, comes just four months after it priced its first new issue of the year

Euro 2020 CLO resets reach €8 billion as Blackstone and Fair Oaks price at similar levels
Blackstone and Fair Oaks Capital took to the European CLO reset market this afternoon with both managers reworking 2020 deals

Carlyle sets new European CLO triple A benchmark as prints drop below 100bp
99 basis points over Euribor is the new triple A benchmark after Carlyle Group printed its second European new issue CLO of the year 

Anchorage prints 60th Euro CLO new issue of 2021
Anchorage Capital has priced the 60^th European new issue CLO of 2021, taking new issue volume above €24 billion

Resets return as Oaktree reworks and upsizes 2020 European CLO
Oaktree Capital Management has become the latest manager to rework its 2020 European CLO

Ares prices tight on 2019 Euro CLO refi
2019 Euro CLOs continues to be the prime vintage for refinancing with Ares Management becoming the latest manager to rework a deal

US and European triple As diverge in Black Diamond multi-currency CLO refi
Black Diamond Capital Management has partially refinanced its 2019 European CLO, Black Diamond CLO 2019-1, which has its triple A notes split three ways through a mixture of euro-denominated and US dollar-denominated tranches

ICG prints 2019 Euro CLO refi with tight triple As
Intermediate Capital Group has become the latest manager to partially refinanced its 2019 vintage European CLO, St Paul’s CLO IX

Goldman prices two European CLOs in a day
Goldman Sachs priced a pair of European CLOs on Friday to break a near six-month gap from European new issues

Blackstone edges the European market tighter with third new issue of the year
Blackstone Credit priced Dillon’s Park on Friday via Deutsche Bank, according to market sources, for its third new issue of 2021 after Carysfort Park in March and Rockfield Park in June

CLO triple As hit 102bp again as Capital Four becomes 42nd manager to print European CLO
Capital Four has become the 42^nd manager to price a new issue European CLO this year after partnering with Bank of America to produce Capital Four CLO III

ESG-compliant CLO manager recycles assets from 2015 deal for upcoming Euro CLO
Recycle your legacy loan assets today, for a better CLO tomorrow 

European CLO manager of the year PGIM strikes while the iron is hot as it markets new issue
One week after bringing home two prestigious awards at the Creditflux 2021 Manager Awards, PGIM is on the road marketing its latest new issue European CLO

BlueBay wins investor respect with strong print on second European CLO
.Barclays arranged the deal, named BBAM European CLO II, which will feature ESG-eligibility criteria

2019 CLO refis still on agenda as HPS reworks European deal
HPS Investment Partners has become the latest manager to partially refinance a 2019 European CLO, Aqueduct European CLO 2019-3

Euro CLO triple As could fall to 100bp as Cairn markets new issue
European CLO triple As could fall back down to 100 basis points over Euribor with Cairn Loan Investment’s latest new issue, Cairn CLO IX

Sound Point goes long again with five-year European CLO
Sound Point  has opted for a five-year reinvestment period in its latest European new issue - five months after printing Europe's first ever five-year deal

Euro CLO league tables: deal flurry takes Barclays and CVC to the top
The European CLO market machine swatted away any suggestion of a summer slowdown in August with €6.74 billion of issuance coming to market

Global CLO league tables - Aug 2021 YTD
Global CLO league tables - Aug 2021 YTD

CVC reopens European CLO market with 2019 refi and extends issuance lead
CVC has undertaken a refinancing that follows no CLO issuance in the week before the European bank holiday weekend