CarVal and JP Morgan team up for third new CLO in just over a year
CarVal CLO management priced its third new issue US CLO in 13 months yesterday, according to market sources. 

CLO pipeline: Barclays and Goldman branch out to mid market
The US CLO pipeline has been full in recent weeks and this continues, with 18 new issue CLOs and a further nine refinancings appearing this week.

Rockford Tower and JP Morgan team to price new CLO
Rockford Tower Capital Management priced its second new issue US CLO this year, Rockford Tower CLO 2019-2, according to market sources

CLO issuance faces threat amid loan definition dispute
The clash over Millennium Laboratories’ bankruptcy could have ramifications for the CLO market, and it all hinges on the philosophical question: what is a loan?

Arrival of five-year bespokes draws in CLO investors
Synthetic bespoke tranches are undergoing a major shift, with dealers projecting five-year business to supersede previously dominant shorter tenors by the end of 2019.

US CLO league tables: Octagon and Citi lead the way
April was the busiest month yet in the US CLO market this year with $16.42 billion in transactions, beating February by around $500 million. 

Birch Grove becomes 2019's third debut manager
Birch Grove Capital yesterday became 2019’s third debut CLO manager, according to market sources

CLO pipeline: refinancings to make a comeback
CLO refinancings look set to continue their recent surge in the US CLO market, with another five refinancings and two resets appearing in the pipeline.

Octagon's 2019 CLO volume reaches $3.65 billion after sixth transaction
Octagon Credit Investors last week became the first CLO manager to price its sixth transaction of 2019, with a $510.65 million reissue of its 2014 deal, Octagon Investment Partners 20

Price talk circulates for inaugural Birch Grove CLO
Birch Grove Capital is marketing its first ever CLO, on which it is working with JP Morgan

Guardian Life subsidiary prices new issue CLO with triple As at 148bp
Park Avenue Institutional Advisers, the asset management affiliate of insurer Guardian Life, returned to the new issue CLO market yesterday with its latest offering, PAIA CLO 2019-1

Nassau incorporates blended triple A/double A tranche in new CLO
JP Morgan has priced Nassau Corporate Credit’s latest CLO in a five-year reinvestment deal that features a $296.9 million tranche which sits between the triple A notes and double A notes

Elmwood prints $1 billion US CLO with wider double As
This is the manager’s second transaction of the year – and ever 

Bespoke gains pull CLO buyers as market tipped to hit $100bn
Synthetic bespoke issuance could catch up with the more visible CLO market this year, say structured credit specialists

Elmwood upsizes second CLO to $1 billion ahead of pricing
Elmwood Asset Management, the CLO manager seeded by Elliott Management, has upsized a forthcoming second CLO to over $1 billion

Tabula launches ETF to capture iTraxx Crossover and CDX HY volatility premia
Tabula Investment Management, a European fixed income exchange traded fund (ETF) provider, has launched a product aimed at capturing the volatility premium embedded in index options on iTraxx Crossover and its US counterpart CDX HY

Ares makes it three new issue US CLOs with $589 million deal
Ares Management has produced its fourth new issue CLO of 2019 and its third in the US

Ares aims for four new issue CLOs in 2019 as it markets $590 million deal
The one manager that has priced three new issue CLOs this year is marketing its fourth

Ares plans $509.6 million CLO reset with JP Morgan
Ares Management is preparing to price a $509.6 million CLO reset this week, a deal which should see the west coast become only the second to price four CLO transactions in 2019 after Octagon Credit Investors

Octagon jumps to top of CLO leaderboard with fourth transaction of 2019
Octagon Credit Investors on Friday became the first manager to price its fourth transaction in the CLO market this year, with a new issue named Octagon Investment Partners 41

Kayne Anderson prices its third CLO as triple As hit 148bp
Kayne Anderson Capital Advisors has priced its third new issue CLO, pricing the deal in line with other smaller CLO managers that have recently debuted

Price talk suggests Kayne Anderson CLO to print in line with other new managers
Price talk for Kayne CLO III points to a 148 basis points area print on the triple As, which puts the deal in the region of other managers that priced their first deals in 2018

CLO manager base to boom as four debut managers plan first-quarter launch with JP Morgan top choice of arranger
The US CLO market welcomed four new managers in 2018, but this year the same number could be launching in just the first quarter

ArrowMark prices static CLO as primary market opens for business
ArrowMark Partners has opened 2019’s CLO primary market, pricing its inaugural static deal named Apres Static CLO 1

CarVal and JP Morgan post mezz price talk as $734.4 million new issue hits the market
CarVal Investors is marketing its second CLO since its debut transaction in May last year