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US CLO spreads continue to tighten as Oak Hill prints new deal
1 year ago
Prints in the primary CLO market continue to edge down even further, with Oak Hill Advisors last week setting a new triple-A benchmark at 148 bps over SOFR with its latest transaction, OHA Credit Funding 17 -
Axa ups the tempo for second European CLO reset this year
1 year ago
Europe saw its second CLO reset of the year last week as the 2022 vintage Adagio X was reset by Barclays -
US CLO pipeline: issuers takes credit sell-off in their stride as supply picks up
2 years ago
Despite the collapse of Silicon Valley Bank and Signature Bank in the last week, the CLO machine has continued to churn with just shy of $5 billion of US and mid market CLO issuance this week -
Beneath the triple C: US CLOs take a dip in the triple C as Europe watches from the sun lounger
2 years ago
The US CLO market bore the brunt of downgrades to triple C in July and August, with a total of $6.22 billion of paper affected. European CLOs enjoyed a more relaxing summer holiday, with only 1 name representing €33.88 million worth of bonds downgraded to triple C. -
US CLO pipeline: Blackstone goes for 10 with tightest triple As of August
2 years ago
Blackstone Credit is marketing its latest CLO, Storm King Park, which will be the manager’s tenth US new issue of the year -
US CLO pipeline: like a (Center)bridge over troubled water
2 years ago
A large asset manager is marketing its first US CLO at a time of volatility in the underlying loan market. Whereas other funds build walls, CLOs build bridges -
Blackstone prints Euro CLO triple As at tight 170bp
2 years ago
Blackstone priced its latest European CLO yesterday with triple As pricing at least 50bp tighter than current market levels -
CLO pipeline: only way is up after tier one price talk hits new wides
2 years ago
There is a build up of nine deals in the US CLO pipeline as the market heads to a CLO conference in Las Vegas. -
Revlon spares no blushes for CLO managers in filing for Chapter 11
3 years ago
Troubled lender Revlon Consumer Products filed for chapter 11 bankruptcy late Wednesday night. The default is likely to have a weighty impact on the CLO market -
Carlyle prepares to sprint after taking plunge with "unramped" European CLO
3 years ago
Carlyle Group has produced what is believed to be a rare print-and-sprint CLO in Europe -
AMMC and Onex new CLOs add to bumper $2.4bn day for US issuance
3 years ago
American Money Management Corporation and Onex Credit Partners each priced a new CLO on Wednesday, part of a bonanza day for the primary market that brought $2.4 billion of new CLO issuance -
LCM sells triple As at discount in latest CLO
3 years ago
LCM Asset Management priced a new CLO on Wednesday, issuing the deal's $246 million senior triple A notes at a discount to par of 99.85 cents -
Anchorage shortens reinvestment and adds make-whole for second new CLO of 2022
3 years ago
Anchorage Capital has priced its second new CLO of the year, opting for a shorter reinvestment period and a make-whole period on the senior triple A notes -
Blackstone prints largest CLO in $1.1 billion mid-market deal
3 years ago
Blackstone Credit has produced the fourth US CLO under the BCRED shelf with the firm pricing a $1.09 billion middle market CLO on Thursday -
CLO pipeline: deals come in two by two hurrah! hurrah!
3 years ago
It is raining CLOs in February and some issuers are preparing for the deluge by printing deals at the double -
Blackstone uses CLOs as financing tool in new suite of deals
3 years ago
Blackstone Credit has added three non-traditional US CLOs to its collection this year -
US CLO pipeline: newcomers look to follow Beach Point's lead by pricing before year-end
3 years ago
Beach Point Capital Management became the latest debut issuer in the US CLO market on Friday, and Sycamore Tree Capital Partners and Putnam Investments are set to join it -
CLO refi and reset volumes surge with $2.3 billion priced on Friday
3 years ago
CLO refi and reset volumes surged on Friday with $2.3 billion priced across the US market, according to market sources. Brigade Capital Management, MidOcean Credit Partners and New Mountain Capital reset regular-way CLOs, Blackstone Credit scored a regular CLO refi, Sculptor Capital Management refinanced a bond-heavy CLO, and Ivy Hill Asset Management reset a middle market CLO -
GoldenTree and Oaktree root out older CLOs for refi
3 years ago
GoldenTree Loan Management and Oaktree Capital Management each refinanced a CLO on Thursday with the two deals amounting to $1.14 billion of issuance -
Fidelity produces rare 2020 CLO refi as Benefit Street reworks 2017 deal
3 years ago
Benefit Street Partners and Fidelity Investments each priced a CLO refinancing on Monday, with the two deals worth a combined $896 million -
CLO resets top $2 billion for second day this week
3 years ago
CLO reset volume topped $2 billion on Thursday as Antares Capital Management, CIFC Asset Management and Shenkman Capital Management each reworked older deals -
US CLO pipeline: 1.0 manager returning, Carlyle going for CLO 10 as market goes to 100
3 years ago
Never in 1,000 years would the critics have expected this -
US CLO pipeline: 33 new issues enter market with historic CLO records on the verge of shattering
3 years ago
The US CLO market is running as hot as it has all year with a whopping 33 managers marketing new issues CLOs, according to market sources -
CLO pipeline: Carlyle unstoppable as PGIM looks to tighten double As
3 years ago
The CLO machine is refusing to slowdown, churning out deals as the US market is set to welcome a flurry of deals in the coming weeks – with 18 new issues, 14 resets and 10 refinancings in the marketing stage. -
CLO pipeline: Birch Grove and Fort Washington dish out first 2021 deals as Carlyle goes for sevenths
3 years ago
CLO investors can feast on a range of deals in the new issue market over the next month.
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