CLO pipeline: break's over - time to print deals
The CLO market has taken a slight pause after the independence holiday in the US last weekend, meaning the CLO pipeline includes a backlog

Kayne Anderson prices $293 million new CLO via JP Morgan
Kayne Anderson today completed its second new issue CLO of 2020 and its first amid the pandemic

CLO pipeline: Managers prepare to build on momentum in July
The demand for new issue CLO paper is strengthening with eight US CLOs, one mid market CLO and three European CLOs preparing to print in the coming days

Go for short-duration and high-end CLO paper, says JP Morgan
This year is shaping up to be nearly as weak for CLO new issuance as 2008, according to JP Morgan strategists, who recommend investors seek value in short duration double/triple A paper or in higher-tier triple/double B

Global CLO league tables - May 2020 YTD
Global CLO league tables - May 2020 YTD

Banks report billions in unrealised CLO losses
Some of the world's largest bank buyers of CLO tranches reported billions of dollars of gross unrealised losses in their their latest quarterly reports

Ares sets CLO triple A benchmark with senior notes at 170bp
Ares Management has priced a new three-year reinvestment US CLO at the tight end of price guidance, setting new benchmark levels in the process

Three-year US CLOs set to tighten as large managers market deals
US CLO triple A spreads are tightening sharply this week with market sources indicating that benchmark levels for three-year reinvestment deals have gone into the 180s

Gulf Stream prices upsized CLO as demand picks up
Gulf Stream Asset Management has priced a second CLO following its longawaited return to the market earlier in the year

US CLO league tables: coronavirus brings changes in approach and new top manager
Amid a big slump in CLO primary issuance, new deals have taken focus and there are some notable changes at the top of the league tables

Global CLO league tables - April 2020 YTD
Global CLO league tables - April 2020 YTD

New slate of US CLOs shows evolving term curve
Three new CLOs are forthcoming from Partners Group, Gulf Stream Asset Management and Onex Credit Partners with each manager opting for a different reinvestment strategy  

US CLOs did not lose par in March, finds JP Morgan
A research paper from JP Morgan has estimated there was no US CLO par burn in March, although loss of par for the first quarter was 11%

Ares takes different approach to primary CLOs as it plans three-year US deal
The primary market for CLOs since the coronavirus escalated into a pandemic last month is evolving briskly with Ares Management planning a new US CLO with a three-year reinvestment period

CLO managers favour tech, cable and healthcare as loan downgrade fears dominate, finds JP Morgan
Picking safe sectors to buy in the coronavirus crisis is a tough call, but CLO managers variously favour technology, cable/satellite and healthcare, according to a JP Morgan survey. There is much more consensus on dumping autos, energy, gaming/lodging/leisure and retail

US CLO league tables: $2 billion reissue fires Apollo and JP Morgan to top spots
Apollo Global Management and JP Morgan teamed up to price the largest CLO of the 2.0 era in February that helped propel both to the top of the US CLO and global CLO league tables

Global CLO league tables - February 2020 YTD
Global CLO league tables - February 2020 YTD

Neuberger Berman refinances 2014 US CLO
Neuberger Berman has become the seventh CLO manager to refinance a transaction this week, after teaming up with JP Morgan to rework 2014’s Neuberger Berman CLO XVII

Mariner surfs refi wave and chops 34bp off CLO debt
Mariner Investment Group had smooth sailing when it repriced four tranches of Mariner 2015-1 via JP Morgan

Apollo prices largest 2.0 CLO transaction
Apollo Global Management stunned the CLO market on Wednesday by pricing the largest transaction of the 2.0 era

CLO pipeline: make some noise for repricings
CLOs may be a bit late to the spread-tightening party, but a hoard of CLO repricings is aiming to make up for it by sheer volume

US CLO league tables: old deals get a fresh start in the new year
The majority of CLO issuance last month was in all forms of repricings, which totalled $4.8 billion and accounted for 54.5% of US CLO volumes

Global CLO league tables - January 2020 YTD
Global CLO league tables - January 2020 YTD

Oak Hill prices large US CLO reset via JP Morgan
Oak Hill Advisors has brought a $610.85 million CLO reset of OHA Loan Funding 2016-1, marking the third largest CLO transaction in 2020 to date

Gulf Stream makes hotly awaited CLO return with breakthrough 2.0 deal
Gulf Stream Asset Management yesterday made its hotly anticipated CLO comeback, pricing its first deal of the 2.0 era