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

New European CLO sees triple-As at 141bps
Bain Capital yesterday kick-started new European issuance with a EUR 404m transaction that matched the tightest triple-A print this year

Ares add new European CLO to its roster
The second half of this week saw a renewed rush of European issuance, and Ares was amongst those coming to the market 

Neuberger Berman keeps it tight for new European CLO
The European market saw another deal print at this year’s record tight of 147bps yesterday, when Neuberger Berman priced its first Euro deal of 2024

Napier Park resets 2017 vintage
Napier Park Global reset its Regatta IX Funding yesterday according to market sources, adding four tranches and a fixed-rate coupon

The Last Tranche with JP Morgan's Ferris: new managers should focus on equity
In this episode of our podcast The Last Tranche, Christine Ferris, JP Morgan's Global Head of CLO Primary talks about why she loves working with debut managers, despite the extra challenges they face

Blackstone chooses static structure for new European CLO
Blackstone’s sixth CLO deal of the year priced yesterday in the market’s third static European deal of 2024

KKR leads flood of European CLOs
The first European print of 2024 for KKR, arranged by JP Morgan, came on a busy day for Euro CLOs

CLOIE goes global with expansion into European CLOs
JP Morgan has expanded its widely tracked CLO index to Europe with the launch of the JP Morgan European Collateralized Loan Obligation Index (€-CLOIE)

Palmer Square stays still for latest European deal
Static deals made a reappearance in the primary market yesterday, when Palmer Square Capital Management priced a new European CLO in conjunction with JPMorgan

Partners Group follows KKR below 150 for new European CLO
Partners Group has followed KKR in dipping below the 150 level for European triple-As, with a new issue arranged by JP Morgan weighing in at EUR 403.4m on Wednesday

CVC reissues structured financing facility as a full European CLO
The beginning of February saw something unusual in the CLO market – a reissue of the CVC Cordatus Opportunity Loan Fund, undertaken by CVC Credit Partners.

JP Morgan makes it eleven for Palmer Square
Hot on the heels of its fourth European CLO pricing earlier in October, Palmer Square priced its fifth European CLO of 2023 on the last day of the month

Debut manager joins European CLO market
The European CLO community grew a little bigger yesterday with the pricing of a deal from the first new entrant to the market since May

Oaktree prints first European CLO this year
JP Morgan has priced Oaktree Capital Management's first European CLO this year

CLO round-up: blinded by the tights
Secondary CLO spreads continued to grind tighter this week and, at last, the primary market began to follow in both the US and Europe