CLO rankings: manager AUM, advisory firm and trustees Q3 2022
After a frenzy of acquisitions reshaped the manager assets-under-management tables in the first half of the year, challenging market conditions have slowed the pace of both acquisitions and pricings

Revlon spares no blushes for CLO managers in filing for Chapter 11
Troubled lender Revlon Consumer Products filed for chapter 11 bankruptcy late Wednesday night. The default is likely to have a weighty impact on the CLO market 

US CLO league tables: Massive Octagon CLO keeps BofA in lead as top managers tap new issues
For the second straight month, the US CLO market issued $12.5 billion of paper. But unlike April, which was all new issuance, May had one refinancing and the first reissue in the market since October

Beneath the triple C: CLOs take first knock since covid scrapes
CLO managers have been hit by a number of loan downgrades to triple C for the first time since the wave of pandemic-related cuts trickled to a halt in early 2021. Companies indirectly linked to the health sector suffered most in May 

Flurry of US CLOs print as Barclays boosts CLO issuance with Brigade and Bain deals
Barclays has brought over $906 million of issuance to the market, printing deals for Bain Capital Credit and Creditflux’s newly crowned US CLO manager of the year Brigade Capital Management

US CLO league tables: Blackstone gets back to business as it rises to the top
Blackstone is no longer the largest CLO manager globally (it lost that title in March). But it is the most prolific issuer in 2022 

CLO triple As lag recovery as IG relative value opens up
The CLO market rebounded in late April after a volatile two months following Russia’s invasion of Ukraine, but triple A notes have lagged the recovery even as mezzanine debt tranches tightened

Fidelity places triple A notes at 133bp in latest new CLO
Fidelity Investments priced its first new CLO of the year this week, placing the deal's triple A notes at 1.82 basis points tight of the 10-day average

Credit Suisse braves market turmoil to print CLOs for Nuveen and Onex
Credit Suisse has maintained its CLO issuance amid market turmoil by printing transactions for Onex Credit Management and Nuveen Asset Management

MSEV adds single Bs as it resets 2019 CLO
Morgan Stanley Investment Management reset its CLO named 522 Funding 2019-5 via Citi on Wednesday, adding a new $5 million single B tranche in the process

KKR inserts loan triple A tranche to new US CLO
KKR Credit on Wednesday followed up the CLO refinancing transaction it completed in late January with its first new CLO of 2022 

HPS upsizes US CLO equity tranche and lowers deal leverage with reset
HPS Investment Management priced a $472.2 million CLO reset on Tuesday, upsizing the deal's equity tranche by $7.65 million in the process

AIG, BlackRock, First Eagle and GoldenTree bring weekly CLO reset volume to $5.9 billion
Four managers capped off a huge week for US CLO reset activity by reworking 2019 deals, bringing weekly reset volume to $5.85 billion across 12 transactions

Bain navigates market volatility with new US CLO
Bain Capital Credit priced its first Sofr-linked CLO on Thursday, despite a backdrop of sharply widening credit markets

Digital CLO refis show worth as way of sticking by Libor
When regulators outlined that Libor would not be used on primary market transactions in 2022, they probably did not contemplate CLO refinancings sticking to the benchmark (refis are deemed to be primary market transactions)

Canyon prints first new US CLO in six months
Canyon Partners has priced its first new US CLO in six months, pairing with Bank of America to print a $508.6 million transaction named Canyon CLO 2022-1

Ares and Octagon bring weekly CLO reset volume over $2 billion in just two days
Ares Management and Octagon Credit Investors each reset a CLO on Tuesday, bringing weekly US CLO reset volume up to over $2 billion

AGL prices US CLO with triple As at Sofr plus 133bp
AGL Credit Management on Monday issued its first CLO with liabilities linked to Sofr

HalseyPoint keeps Libor-linked CLO notes after digital refinancing
HalseyPoint Asset Management has cut the funding costs of its 2020 CLO named HalseyPoint CLO II, managing to keep the notes linked to Libor by selecting a digital dutch auction to reprice the notes

Treasury desk lists $818 million b-wic as hedge fund looks to offload control CLO equity in bumper day
State Street once again listed over $800 million of US CLO triple A bonds on Tuesday, having sold $834 million of triple A paper last month

Global CLO trading lab: Seasoned equity prices lag as debt spreads level out
The CLO secondary market took a back seat to the surging primary market in August and September with secondary US CLO volume accounting for just 3.7% and 4.2% of the total US CLO market (primary and secondary volumes). But opportunities are there in CLO equity tranches

Mid market CLO league tables: No change up top but KKR and Silver Point enter race
The mid market CLO space welcomed two new faces to its ranks last month as Silver Point Capital and KKR priced a new issue CLO each

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

Zais CLO employs unusual triple A debt structure
Zais Group teamed up with Jefferies on Thursday to print its first new CLO in over 12 months

CLO pipeline: Birch Grove and Fort Washington dish out first 2021 deals as Carlyle goes for sevenths
CLO investors can feast on a range of deals in the new issue market over the next month.