Spreads widen and issuances pause as CLO managers react to market volatility
EXCLUSIVE: Triple-A tranches are widening by up to 10bps amid a slowdown in CLO reset and issuance activity, according to multiple sources

CLOs at a glance – January 2026
Our list of recent CLO pricings globally

Mid-market manager Kohlberg prices second CLO
Following on from the manager’s first deal in April last year, the private credit issue was valued at just under USD 451m and was arranged via Scotiabank

Golub reset sets fresh AAA market tight for private credit CLOs
Golub Capital Partners CLO 71(M)-R issued its top-of-stack paper at SOFR plus 135bps, two bps inside the previous low

T. Rowe Price issues inaugural CLO, debuts as new manager
Rowe CLO 2026-1 is the first CLO to emerge from T. Rowe Price’s own platform; the firm also owns prominent CLO issuer Oak Hill Advisors

Muzinich prices first new CLO in 12 months
The USD 407m BSL CLO priced via BNP Paribas, with the senior triple As clearing at SOFR plus 117bps

Carlyle prices its first new CLO for 2026
The USD 505m Carlyle CLO 2026-1 priced its senior triple A notes at SOFR plus 116bps

New loan shop Mountain Point becomes 2026’s first debut US CLO manager
The recently-launched credit manager priced its first CLO via Bank of America as a USD 507m BSL issue

US CLO AAAs tighten to 12-month tight as Oak Hill Advisors prices new deal at 113bps
The mark is the tightest since the same manager priced OHA Credit Funding 20 with triple As at 110bps over the base rate on 28 February last year

BSP is latest to issue US CLO AAAs at 115bps, as New Mountain and CQS also price new deals
Benefit Street Partners issued its second new US CLO of the year, with Bank of America arranging the USD 502.6m transaction

New Antares US BSL CLO prices AAAs at 115bps
Antares has matched the existing new-issue tight for US BSL CLOs with its latest print, Orion CLO 2026-7, priced via SMBC Nikko

Private credit manager Varagon prices second CLO
Arranged by BNP Paribas, the USD 592m MDL Structured Notes II is the manager’s first CLO issue since its market debut in October 2024

More than USD 2bn of new US BSL CLO paper prices on a busy Thursday
Blackstone issued a sizeable USD 710m BSL CLO that matched the current triple-A market tight for new US issues, on a busy Thursday that also saw fresh BSL deals price from Aristotle Pacific, MidOcean, and Elmwood

Investcorp, Garnet, UBS, and CTM price new US CLOs
New US BSL CLO issues this week from Investcorp, Garnet, UBS, and CTM Asset Management totalled USD 1.86bn in value

Diameter prices its first private credit CLO
Arranged by Morgan Stanley, the USD 400m issue priced its senior triple As at SOFR plus 149bps

First BCRED deal for 2026 lowers AAA tight for private credit CLOs
The deal issued its top-of-stack paper at SOFR plus 137bps

Northwestern Mutual prices first new CLO in six months
The manager’s initial print for 2026 saw its triple As clear just outside the market tight for new issues

CLOs at a glance – December 2025
Our list of recent CLO pricings globally

KKR prices second deal in programmatic private credit CLO strategy
The transaction is the second in the manager’s series of private credit CLO issues under the KIMM (KKR Institutional Middle Market CLO) banner, following the pricing of KIMM CLO I in October 2024

PennantPark resets 2024-vintage private credit CLO
PennantPark has reset a 2024-vintage private credit CLO, tightening its senior triple A spreads by 87bps from the level they issued at two years ago

Benchmark US CLO AAAs narrow again with Oak Hill reissue
The market’s triple-A spread has now tightened 5bps since the end of last year

GoldenTree US CLO reset sees AAAs tighten in to 115bps
GoldenTree’s triple-A spread has the market approaching the tights last seen 12 months ago, before growing supply and US tariff policies saw spreads widen significantly 

US CLO AAAs narrow as CIFC prints tightest deal since March
CIFC Funding 2026-I is the tightest standard-duration US BSL CLO to price since New York Life’s Flatiron 30 issued in March last year

BlackRock prices unusual single-tranche static CLO
The USD 399m deal, arranged by Morgan Stanley, was split almost evenly between a single triple A-rated loan tranche, and LP interests

Silver Point and OFS add to new US CLO issuance with inaugural 2026 prints
Bank of America was the arranger for Silver Point’s half-billion-dollar offering, while OFS paired with Goldman Sachs for its first new CLO in 10  months