Partners saves 55bp with reset of post-covid CLO
Partners Group has reset a post-covid CLO priced in May 2020, pulling the vehicle's funding costs 55 basis points tighter in the process

JP Morgan US CLO structurer switches to buy side
A JP Morgan executive director is leaving the bank's CLO arranging team to join KKR Credit as a CLO structurer

CLO pipeline: go long! new issues and resets push refis aside
The CLO market is ready to go beyond refinancings - after this year's opening blitz of those deals - into the longer tenored territory of resets and new issues

Shenkman produces first regular-way CLO new issue in almost two years
Shenkman Capital Management returned to the CLO primary market on Monday

$1.25 billion of CLO refis span range of tenors
The CLO primary market absorbed $1.25 billion of refinancings as American Money Management Corporation, First Eagle Investment Management, PGIM and Alcentra priced cost-cutting transactions, with different reinvestment periods across the pack

Oak Hill reset highlights CLO spread widening
Oak Hill Advisors has priced its third US CLO reset of 2021, with the deal's triple A notes yielding 115 basis points over Libor

CLO pipeline: Deutsche Bank and Carlson hit comeback trail
The CLO market is preparing to be very active in the coming weeks, as the issuance slow-down is set to be in the rear view mirror

CLO heavy hitters push $1.5 billion refi paper into market
Another $1.5 billion CLO refi paper has hit the market after Allstate, Columbia Management, CIFC Asset Management and Credit Suisse Asset Management priced cost-cutting deals

Orix completes first CLO since Mariner spin-off
Orix Advisers has priced its first CLO transaction following the spin-out of Mariner Investment Group

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: expensive 2019 CLOs in vogue with 32bp savings potential
The CLO pipeline is dominated by refinancings and resets, with new issuance taking a backseat

Corp hybrid popularity mounts, but strategist outlooks diverge
Corporate hybrid bonds are becoming a focal point for investors in the second quarter, with one bank's credit strategy team making them a top pick to trade spread compression while another's has expressed caution on their likely performance

Elmwood goes big again with largest CLO deal of the year
Elmwood Asset Management has priced the largest CLO transaction of 2021 to date, teaming up with JP Morgan on a $930 million reset of its 2019 deal Elmwood CLO II

Fidelity completes first new CLO of 2021
Fidelity Investments has priced its first new CLO of 2021, teaming up with JP Morgan on the $409.3 million deal named Ballyrock CLO 15

CLO investors still hungry for triple As and double Bs, says JP Morgan
Most CLO investors are looking to add risk through deals in the months ahead, with very few inclined to reduce exposure, a JP Morgan survey has found - despite the historic flood of issuance in the first quarter of this year

TRS goes electronic on Tradeweb with iBoxx trade
Tradeweb Markets has completed what it says is the first ever fully standardised total return swap trade based on IHS Markit’s iBoxx US Dollar Liquid High Grade index

CLO torrent adds $1.5 billion in US refis
The CLO refinancing boom has added another $1.5 billion to deal volume, with Intermediate Capital Group, Octagon Credit Investors, Sound Point Capital Management and Vibrant Capital Partners adding their names to the list of CLO refinanciers

Canyon and Sixth Street pick JP Morgan for new CLOs
JP Morgan has arranged new CLOs for Canyon Capital and Sixth Street Partners

CLO refi paper worth $1.61 billion hits market
Five managers have printed transactions worth a combined $1.61 billion over the last few days, in a CLO refinancing bonanza 

Refis price on top of new issues as four managers print US CLOs
Four US CLO refinancings priced yesterday, giving the impression that CLO pricing is fitful and the term curve flat

Assured cuts 19bp from senior spreads with 2017 CLO refi
Assured Investment Management has refinanced three tranches of its 2017 CLO BlueMountain Fuji US CLO I, reducing the weighted funding costs across the tranches by 19.06 basis points

Sound Point docks 24bp from 2017 US CLO triple As
Sound Point has shaved 24 basis points off the triple A notes of its 2017 CLO named Sound Point CLO XVII with a refinancing

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

HPS issues US CLO market's 15th single B tranche of 2021
HPS Investment Partners has become the 15th US CLO manager of the year to issue a single B tranche, bringing the total issuance of the liability class for 2021 up to $108.8 million

Barings' new US CLO joins group of tight 2021 prints
Barings has produced its first new CLO of 2020, teaming up with JP Morgan on the $359.2 million deal named Barings CLO 2021-I