Mid market CLO issuance tops $7 billion with first AB deal of year
Middle market CLO issuance for 2022 surpassed $7 billion on Friday after AB priced its first mid market new issue of 2022 named ABPCI Direct Lending Fund CLO XI

We can cope with downgrades again

CLOs at a glance (May 2022)
A listing of CLOs that have priced in the last month
   

AB upsizes 2019 mid market CLO by $48 million with reset
AB has reset its 2019 middle market CLO named ABPCI Direct Lending Fund CLO VI, upsizing the deal by $47.4 million including $7.72 million new equity

Quarterly rankings: Wave of acquisitions reshapes CLO market
A wave of acquisitions and consolidation hit the CLO market in the first quarter of 2022, although the ripples have yet to alter Creditflux’s manager rankings

Two CLO managers link up as AB agrees to buy CarVal
AllianceBernstein has entered an agreement to buy CarVal investors for $750 million, bringing two major CLO managers under the same roof

AB targets software companies after niche securitisation
Deutsche Bank priced an unusual securitisation for AB last month. The deal accommodates the manager’s expertise in the software and technology sector

CLOs at a glance (February 2022)
A listing of CLOs that have priced in the last month

Dam breaks as first fully Sofr-CLOs shed light on price discovery
AB, Palmer Square Capital Management and New York Life Investment Management on Friday became the first CLO managers of deals with a full capital stack linked to Libor replacement rate Sofr, shedding light on the price discovery process after weeks of speculation

AB sharply tightens mid-market CLO debt stack with refi
AB Private Credit Investors (formerly AllianceBernstein) has refinanced  debt tranches from late 2020 mid-market CLO, greatly narrowing spreads in the capital stack

Mid market CLO league tables: the only record left to break in 2021
New issuance is still shy of the $16 billion set in 2018, but stands not far off at $15.62 billion

CLO reset surge extends with over $1.7 billion pricing on Friday
CLO reset supply was elevated for a second consecutive day on Friday as $1.7 billion priced across four deals

AB prints its largest CLO yet
AB on Tuesday priced its largest CLO to date, teaming up with Citi on the $500.8 million deal named AB BSL CLO 3

AB cuts 2019 CLO's funding costs by 42.5bp with refi
AB has refinanced its 2019 middle market CLO named ABPCI Direct Lending Fund V via Natixis, lowering the deal's cost of debt by 42.5 basis points

AB and NXT reset middle market CLOs
AB Private Credit Investors and NXT Capital both reset middle market CLOs on Thursday with the two deals adding a further $740.8 million to primary market supply

AB makes comeback transaction with second broadly syndicated CLO
AB has priced a follow-up CLO transaction backed by broadly syndicated loans after entering this market six months ago

CLO pipeline: busy year, so let's take time to reset
The US CLO market this year has been dominated by new issues and refinancings, but now is the time of the reset judging by this week’s pipeline

Natixis scores CLO hat-trick with AB, OFS and Cerberus
The CLO primary desk at Natixis went on a $1.2 billion CLO spree on Friday, pricing deals For AB Private Credit Investors, Cerberus Business Finance and Orchard First Source

AB swings back to mid market CLOs with $346.8 million new issue
AB has returned to middle market CLOs following its debut in CLOs backed by broadly syndicated loans last month

AB joins ranks of BSL CLO managers with debut transaction
AB has entered the fray as a manager of CLOs backed by broadly syndicated loans by printing a debut transaction via Morgan Stanley

CLO pipeline: fixed income giants plan debut 2.0s with Morgan Stanley
Two large fixed income managers are pre-marketing debut 2.0 CLOs

AB returns to mid market CLOs with first new issue post-covid
AllianceBernstein has issued its second middle market CLO of 2020, and its first in the post-covid market environment

Talf fundraising picks up ahead of today's launch
Credit managers are racing to raise capital for term asset backed loan funds, as the launch date for the US talf programme begins today

Fairfax pension mulls $90 million commitment to two talf funds
The Educational Employees' Supplementary Retirement System of Fairfax County is mulling a $90 million investments in term asset backed lending facility funds managed by Alliance Bernstein and Nuveen

Axa terminates $14 billion fixed income mandate with AB as it takes assets in-house
Axa has terminated a $14 billion taxable-fixed income investment mandate with AB