JPMorgan fights back after raft of shock departures
The news that JPMorgan had lost three of its most senior bankers sent shockwaves through the CLO world. But in the weeks since, JPMorgan has been fighting to hold the fort with some success.

Onex completes post-pricing upsize in European market first
In a first for the European CLO market, Onex has completed a post-pricing upsizing of its latest European deal, Onex Credit Partners Euro CLO 2024-11

Euro reset sees KKR extend one of its longest-running deals
The latest reset of a 2014 vintage CLO by KKR saw a hefty cost-of-debt increase, as a prior partial refi in 2019 had locked in extremely tight spreads 

Palmer Square refinances static European CLO
Static CLO specialist Palmer Square has priced a full refinancing of a 2023-vintage static European CLO 

Pemberton goes short for second CLO
The European manager adopted a two-year reinvestment period for the EUR 405.8m Pemberton Indigo II CLO  

European double-Bs continue to narrow with new Sound Point CLO
Sound Point has priced its latest newshowed  issue CLO – its third new European deal of 2024, with year-to-date tight double-B spreads

Palmer Square prices third static European CLO of the year
Palmer Square paired with JPMorgan to print a new static European CLO, following on from two similarly-structured deals from the manager in February and July

SMBC swoops in to take JPMorgan’s CLO leadership
In one of the most dramatic moves the CLO market has ever seen, SMBC Nikko has swooped in and hired three of the most senior members of JPMorgan’s CLO leadership team

Onex hits new European double-B tight with latest new CLO
Onex has priced a new EUR 510.4m European CLO with the tightest double-B spreads seen this year so far

Invesco European CLO reset prices wide
A 2023-vintage European CLO reset priced at the wider end, including triple-As at Euribor plus 138bps

Trinitas joins the 2023-vintage reset club
Another European CLO has priced with triple-As at 130bps, this time the reset 2023-vintage Trinitas Euro CLO IV

Investcorp joins array of new European issues at 130bps
Investcorp’s second new European CLO in 2024 priced today – a EUR 407.9m deal that was arranged via JP Morgan

Triple-Bs tighten as Apollo prices new European CLO
Apollo’s latest new-issue European CLO saw the manager price the second-tightest triple-B spreads seen this year

Pinebridge reworks 2016-vintage CLO for the third time
Pinebrides has priced a refinancing of a 2016-vintage CLO for the third time via JP Morgan

Rockford Tower prints a new European CLO in late August
Rockford Tower Capital Management priced a new EUR 405.90m CLO in the second to last week of August in Europe

Palmer Square prices first static European CLO refi of 2024
Static deal specialist Palmer Square has priced a full refinancing of a static 2023-vintage deal – the first static European refi seen this year

JP Morgan revises CLO spread target upwards as recession fears mount
Off the back of renewed recession fears JP Morgan has revised its end-of-year AAA CLO spread target upwards to 150bps for both the US and Europe

Signal prices third CLO
Signal Capital Partners has added a third new deal to its roster of CLOs, with the 2023 market debutant partnering with JP Morgan on the deal

Record-sized European 2.0 print for Palmer Square
Palmer Square yesterday racked up the milestones when it priced its latest deal, a static CLO that was the largest European 2.0 CLO seen so far

Trinitas refinances static deal for second time in eight months
Trinitas Capital Management has refinanced TSTAT 2022-1, a static US BSL deal from 2022 that already underwent a partial refi late in 2023

Capital Four resets short-dated CLO from 2022
Capital Four has reset its European broadly syndicated deal Capital Four CLO IV, achieveing some of tightest senior spreads this year

Chenavari picks up pace with mezz refi
Returning to the primary market with its second deal of 2024, Chenavari Credit Partners has printed an unusual partial European refi

Fidelity prices new European CLO with triple-As at 131
Fidelity Investments priced its Fidelity Grand Harbour CLO 2024-1 yesterday at a new record year-to-date triple-A tight.

Fidelity markets new European CLO that would match YTD tights
Fidelity is marketing a new issue European deal with the triple-As poised to equal year-to-date tights, suggesting prints in the 130s are becoming ‘the new normal’

ICG returns to the European CLO market
Intermediate Capital Group’s first primary market deal this year took the form of a new issue European transaction