Invesco Euro CLO refi cuts 41.5bp from financings costs
Invesco has refinanced the four most senior tranches of its inaugural 2.0 European CLO. JP Morgan cut financing costs on Invesco CLO I by 41.48 basis points

Oak Hill pairs with Citi on first new issue European CLO since 2018
Oak Hill Advisors has printed its first new issue European CLO in over two years and its first primary CLO transaction in Europe since a refinancing in 2019

Euro CLO league tables: Europe sees a refi-val in repricing
Older deals get a fresh start in the new year

CLO pipeline: snow business like the CLO business
CLO issuers are putting aside the cold snap and are warming up with a flurry of deals.

Palmer Square prints first reinvesting European CLO
Palmer Square Capital Management has printed its first ever reinvesting European CLO, following the issuance of two static CLOs since it debuted in the continent in August

PGIM resets Dryden 44 and switches from six-month to three-month Euribor
JP Morgan has arranged the reset of PGIM's 2016 vintage Dryden 44, switching paying liabilities from semi-annual basis to quarterly

Basis between resets and new issues collapses as CVC prints Euro triple As at 83bp
CVC has reset and upsized a 2014 vintage European CLO, CVC Cordatus Loan Fund IV

2020 absentee launches new European CLO with 85% ramp
A European CLO manager is coming back to the market, after sitting out 2020, with a deal that is close to being fully ramped

Investcorp preps first CLO refi in Europe with triple and double Bs since 2019
Investcorp Credit Management is working with Deutsche Bank to refinance six tranches of its 2018-vintage CLO named Harvest XVI

Anchorage prices first new European CLO since 2019
Anchorage Capital Group has returned to the European CLO primary market with its first new issue since 2019

Mizuho outlines bold European CLO strategy
Mizuho is expanding into European CLOs as part of a push into leveraged finance.

Direct lenders say coronavirus storm enables them to show benefits of bespoke lending
European credit managers are bracing themselves for setbacks after a new set of lockdown and curfew measures kicked off 2021 on the continent

Brexit trade deal bolsters private debt deal-making
The long-awaited Brexit UK-EU trade deal struck on 24 December has provided private equity sponsors with a level of certainty, say market participants, even though a financial services deal is still to come

CLOs at a glance (February 2021)
A listing of CLOs that have priced in the last month

Past returns: Nochu lands in Europe
Five years ago in Creditflux, we reported that Norinchukin Bank had made its first investment in a 2.0 European CLO

Neuberger Berman breaks through into European CLOs
Neuberger Berman has become the latest debut in the European CLO management, the 20th manager to do so since 2018

European CLO triple As go tighter still as KKR prints at 83bp
Triple A spreads ground tighter in January with KKR’s latest European CLO

CLO pipeline: OFS to make comeback as 2020 absentees eye new issues
As liability spreads tighten day by day, the CLO pipeline is filling fast. 2020 absentees are joining the parade as four US managers and three European managers aim to return to the new issue market after taking a break of 12 months or longer

European CLO mezz tightens as Napier Park prices
Napier Park priced its fourth European CLO today, Henley CLO IV, which has notched up the second-tightest cost of debt since March - and tightest for a deal with single B debt

HPS refis European CLO triple As at 64bp with six months of reinvestment left
HPS Investment Partners has refinanced its inaugural European CLO, Aqueduct European CLO 2017-1

BlueMountain Fuji refis European CLO with triple As at 65bp
The Assured Guaranty subsidiary has refinanced four tranches of BlueMountain Fuji Euro CLO II via JP Morgan

Goldman markets refinancing of HPS's debut European CLO
Goldman Sachs is marketing a refinancing of HPS Investment Partners’ debut European CLO 

Redding Ridge prices European CLO triple As at tightest levels since July 2018
A new triple A benchmark has been set for European CLOs with Redding Ridge pricing triple A notes at Euribor plus 87 basis points, inside its low/mid 90s guidance

Jefferies picks up three big mandates to get European CLO plans rolling
Jefferies has taken huge strides towards building out its European CLO arranging business with sources indicating the bank has won mandates from three managers

European reset wave begins as Partners reworks 2018 CLO
Partners Group’s Penta CLO 5 has become the first European CLO to reset in 2021