New Euro CLOs price from Signal and Cross Ocean
Signal Harmonic CLO Vi was arranged by JPMorgan and takes the total AUM for Signal's CLO platform to EUR 2.7bn, while Cross Ocean Bosphorus CLO XII issued via Morgan Stanley

Carlyle, Barings market new European CLOs
The two managers are marketing new European CLOs with similar sizings and spreads – but Carlyle’s deal is set to print as a standard-duration five-year CLO, while Barings is offering a short-duration three-year reinvestment period

Record gross supply but meagre risk/reward ratio for CLOs next year, says JPMorgan in 2026 outlook
The bank is forecasting a new record gross supply figure of half a trillion dollars next year for the US CLO market, but that headline figure belies the ‘recycled’ nature of much of the supply, with new origination expected to decline by around 20%

Watch out for the cockroaches
After the collapse of First Brands, some of the biggest hitters in global finance have been quick to argue that any bugs in the system won’t affect them — but are bad news for everyone else

AXA IM resets European CLO with 200m equity upsizing
The reset of the decade-old Adagio IV is the third repricing of the CLO and its first since 2021

Trinitas and Oaktree price European resets with AAAs at 130
Trinitas reset a 2024-vintage deal, while Oaktree repriced a nine-year-old transaction that was last reset in 2021 at historic tights

Silver Point prices debut Euro CLO
The deal, which priced via JPMorgan, is the first of what is expected to be a wave of debut issues from US CLO managers looking to expand across the pond into Europe

Allstate matches market tight with latest US print
Allstate has priced tight with its latest new US CLO, with the half-billion-dollar deal issuing its senior triple A paper at the market low of SOFR plus 120bps

Expect more corporations to default – JPMorgan head of global credit financing Jake Pollack
“The idea that default rates will go up over time is not particularly difficult to get to,” says Jake Pollack, head of global credit financing and North America credit trading at JPMorgan, on the latest Credit Exchange podcast with Lisa Lee

Dimon warns of double leverage risk in CLOs
JPMorgan CEO Jamie Dimon suggested there may be additional risks in CLOs during a downturn

Partners sets new Euro reset tight for single As
The reset of Penta CLO 16 also matched the current low for European triple As

US reset issuance hits over USD 15bn for September as PGIM, Fidelity and Barings print deals
The trio of repriced transactions, together worth USD 1.4bn, featured similar sizes and capital structures

Eldridge returns to CLO issuance for first time since CBAM sale
The new CLO platform falls under a new wholly-owned asset management and insurance holding company launched in December last year by Eldridge Industries

KKR’s Avoca XXX resets at current Euro tight
The deal matches KKR's own triple A tight of Euribor plus 128bps, set with the reset of Avoca CLO XXIX at the end of August

Fidelity reworks Euro CLO, 18 months after reissue
The manager reset Fidelity Grand Harbour 2022-1 on Wednesday via JPMorgan

Bridgepoint prices new Euro BBs at sub-500
Bridgepoint's second new European CLO of 2025 recorded a post-March tight for new European CLO BB spreads, of Euribor plus 490bps

CLOs attracting more investor demand, especially in Europe – JPM's Steve Baker
Creditflux catches up with JPMorgan's Steve Baker and Ed Watson as they gear up for the rest of the year

New Euro issuance returns with a flourish as HPS, Brigade and Palmer Square price deals
European managers are well and truly back from summer holidays, with three new CLOs printing on Wednesday – the first new European issues to price in four weeks

JPMorgan credit research team pitches top trades at levfin conference, strategists recommend overweight BBs
Buy opportunities in AT1 debt, periphery banks, Ardagh Metal, Altice France, Ithaca; Sell ideas on Guala Closures, Nissan, Nomad Foods, Hapag Lloyd
 

Oak Hill and CIFC latest to print US resets at 125
Two more US resets have issued at the current market triple A benchmark, while Trinitas priced its latest reset at SOFR plus 131bps

Golub hits 20 deals for 2025 with new BSL issue
Golub has priced its fourth new BSL issue of the year, with both the triple As and mezz pricing close to current market tights

Benefit Street Partners prices tight in mezz with new BSL CLO
Tight pricing through the mezz helped the manager's latest deal record one of the lowest overall costs of funding since April, as CLO liabilities reinforce their current tightening trend

HIG issues second new mid-market issue for 2025
The deal, which priced its senior triple A paper at SOFR plus 155bps comes as mid-market CLOs have taken a significant step tighter in spreads

Trio of new US issues from Barings, Birch Grove and UBS
US CLO issuance continues to run at a steady pace, with similarly-priced new issues printing over the past couple of days

New Mountain prices fifth CLO of 2025, fourth reset
The repricing of the 2021-vintage deal totalled just under USD 512m