CLOs at risk of failing WAS tests due to loan refi wave, finds JP Morgan
 Some CLOs could be at risk of failing their weighted average spread tests or could be at risk of a refi or reset due to a forthcoming refinancing wave in the loan market, according to new research from JP Morgan

CLO triple As drop to 128bp as TICP prices
US CLO triple A spreads have jumped tighter with TPG Instiutional Credit Partners pricing senior CLO liabilities at 128 basis points yesterday

TPG CLO points to tighter pricing across all ratings bands
TPG Capital has launched a new issue CLO via JP Morgan, with price talk pointing to tighter CLO liability pricing heading into the new year

US CLO league tables: CSAM makes it three in a row as Citi completes a clean sweep
The US CLO market suffered a drop in volume last year with $149 billion of issuance, down 43% on 2018’s $262.5 billion. But the heavy slump was not across all forms of CLO pricing, as new issues once again crossed $100 billion and only suffered a 6.5% fall

Ratio of CLO managers adding risk falls to lowest level since 2009, JP Morgan finds
The proportion of CLO managers looking to add risk has fallen to its lowest level since 2009, according to a market survey carried out by JP Morgan’s research desk

Anchorage adds high triple-C CLO to its roster after pricing upsized deal
Anchorage Capital Group managed to price its high triple-C CLO before the end of 2019 with market sources indicating the firm issued a $406 million CLO on 23 December

Anchorage markets CLO triple As at 195bp in novel high triple-C CLO
Anchorage is marketing a high triple-C CLO with a lower than average triple C bucket for such a deal, but with a market value test and par flush triggers.

CLO 2020 outlook: lower volumes predicted, but it’s not all bad news
US CLO issuance is expected to drop by roughly 20% next year, according to bank research desks. This comes after a solid 2019 in which $101 billion of new US CLOs have priced through 92 managers, as Creditflux goes to press

HalseyPoint debuts in CLOs after two-and-a-half month ramp up
Start-up manager HalseyPoint Asset Management priced its debut CLO yesterday with founders Lynn Hopton and Yvonne Stevens informing Creditflux that their inaugural CLO was ramped up over just two-and-a-half months.

Carlyle matches 2018 US new issue CLO volume with fourth deal of 2019
Carlyle Group completed its fourth US new issue CLO offering of the year on Friday, according to market sources

HalseyPoint markets debut deal with single Bs as senior US CLO spreads gap wider
HalseyPoint Asset Management is marketing a debut US CLO, which brings a return to CLO issuance for experienced portfolio managers Lynn Hopton and Yvonne Stevens

Global CLO league tables at a glance - November 2019 YTD
Global CLO league tables at a glance - November 2019 YTD

US CLO league tables: CSAM pulls away from pack
The back and forth tussle between Octagon Credit Investors and Credit Suisse Asset Management for the lead in the US CLO issuance league tables took a new turn in November

CLO pipeline: high triple C bucket opens a Gateway to pricing
In less than ideal market conditions, even experienced CLO managers are learning new tricks to keep the pipeline full. Of the 11 US new CLOs that appear in the pipeline this week, two are high triple C bucket transactions

Flexible CLOs grow in popularity as two managers eye triple C-heavy deals
Two credit managers - Anchorage Capital Group and Gateway Credit Partners - are in the market with their inaugural CLOs featuring high allowance for triple C assets

Norinchukin's CLO portfolio decreases for first time in years
Japanese CLO heavyweight Norinchukin posted its financial statements yesterday, where it reported a 1.42% drop from its statements at the end of the second quarter

US CLO league tables: Octagon retakes US lead, but CSAM still on top globally
Octagon Credit Investors priced Octagon 45 via Goldman Sachs to overtake CSAM by just $33.3 million in overall US issuance, but CSAM still leads the way in new US CLO and global CLO issuance

BlueMountain prices first new issue US CLO for five months
BlueMountain Capital Management has priced its first new issue CLO since May, according to market source

Benefit Street prices $507.85 million US CLO
Benefit Street Partners priced its second new CLO of the year on Thursday, according to market sources

BlackRock brings triple A spreads back to 130bp with new US CLO
BlackRock has priced its latest new CLO named BlackRock XXIII, scoring the tightest triple A print for three months

AGL makes US CLO market debut via JP Morgan
The world welcomed a new CLO manager on Friday as AGL Credit Management priced its first ever transaction, named AGL CLO I

US CLO league tables: CSAM climbs to the top
Only $10.9 billion was brought to the US CLO market last month, while in the middle market CLO space, no deals priced. But Credit Suisse Asset Management dared venture into the primary market and as a result it moves to the top of the league tables

CLO pipeline: newcomers look to impress at debutante ball
The pace of CLO issuance accelerates with each passing week, with debutantes lining up to join more prolific managers as Europe builds momentum and the US floodgates open 

New CLO manager Fort Washington markets debut transaction
Fort Washington Investment Advisors is marketing its first ever CLO, named Fort Washington CLO 2019-1

Trinitas refinances 2017 CLO without renewing its call-lock
Trinitas Capital Management on Friday refinanced two tranches of its 2017 deal Trinitas CLO VI, according to market sources