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

Blackstone prices tightest European CLO since April
The new-issue CLO priced at the tight end of investor guidance for both the triple As and mezz, as European CLO investors clamour for new-issue paper from tier-1 and tier-2 investors

Euro pipeline remains strong with Blackstone, Voya and ICG among those readying new issues
The pipeline into the August break remains strong as a number of managers look to take advantage of a still-benign issuance environment in advance of the summer break

Arini follows up debut US print with first Euro issue for 2025
The fast-growing manager has priced its sixth European deal since its debut as a CLO issuer some 20 months ago

Sculptor prices new euro CLO amidst busy market
Sculptor European CLO XIII was the manager's first new European issue in over six months

Palmer Square resets 2021-vintage Euro CLO
The EUR 388m reset of the four-year-old CLO added almost EUR 50m to the debt tranches and some EUR 14m of additional equity

US CLO spreads to widen as uncertainty and tariffs bite – JPMorgan
Higher US tariff levels may lead to CLO spreads widening and pressure US CLO market growth, but new origination has been more resilient than expected, according to JPMorgan analysts in their mid-year CLO outlook report

Serone adds third act with newest CLO pricing
The European manager priced its third deal just a year on from its market debut

Carlyle shortens it up with first new Euro print for 2025
The 1Y/2Y transaction priced its triple A paper at Euribor plus 121bps

Palmer Square prints second new static Euro CLO of 2025
The triple As priced 30bps wider compared to the previous deal in February

Trinitas prices new Euro issue with triple As at 124
The new issue priced on Monday, with deal activity expected to slow imminently

Palmer Square refinances 2024 static Euro CLO
The deal is the first of last year’s vintage to undergo a repricing, according to Creditflux data

Nassau prices first new European issue in 10 months
The manager’s fifth new-issue Euro CLO priced via JPMorgan

European resets price from Sound Point, Polus and Anchorage
Sound Point’s deal printed as the tightest of the trio

CLO manager M&A driven by search for talent and scale
Irradiant’s star investor Maji set to depart as firm is acquired

PGIM prices first new European deal in more than two years
The deal is the fourth offering from PGIM, following three resets, since the US manager resumed printing European deals in November after an extended interregnum  

Tikehau’s first European CLO of 2025 prints wider in lower mezz
The French manager’s latest deal exhibited some evidence of weakening demand from mezz investors  

Palmer Square prices tightest static European CLO in three years
Palmer Square has printed a static deal with triple-As hitting 85bps over base rate

Partners prices second reset of 2017-vintage Euro deal
The repricing is the manager’s first European deal of the year  

Investcorp refinances 2019-vintage US CLO
The refi of Jamestown CLO XIV is the first primary market activity by the manager since November  

HPS upsizes latest European new issue
HPS Investment Partners has increased post-pricing its latest new-issue European CLO – Aqueduct European CLO 10 -- by EUR 153.4m to EUR 610.8m

JPMorgan names new CLO leadership team to replace trio of senior departures
The CLO market's biggest arranger has named a new global head as well as other CLO leaders to replace Christine Ferris, Anusha Joly, and Mussie Tizazu

Fidelity prices Euro CLO offering, continuing a parade of December resets
Fidelity has repriced a deal originally issued by MeDirect Bank in 2019, arranged by JPMorgan  

HPS prints new vanilla deal as European market maintains momentum
A new EUR 457.4m BSL CLO from HPS continued the unusually strong bout of December issuance momentum

JPMorgan forecasts strong new CLO supply, 120bp AAAs, in 2025 outlook
JPMorgan's CLO research team has forecast ongoing strong US CLO new issuance for next year to some USD 180bn in 2025 while Europe is also expected to maintain its record new-issue performance with some EUR 45bn in new issuance next year