US CLO pipeline: Carlyle and Blackstone aim for CLO-a-month 2021 as BlackRock goes for baker's quadruple
The Thanksgiving holiday has not dampened the US CLO market’s appetite as a flurry of deals are set to price in the next couple of weeks. That includes 18 new deals, 11 resets and seven refinancings in the US

Angelo Gordon keeps hold of mezz tranches with mid market CLO
Angelo Gordon has moved into middle market CLOs by printing its first deal backed by loans to middle market companies. The firm retained all junior and mezzanine liabilities in a deal that appears not to carry a public rating

CLO managers refi $1.7 billion across four deals
Four CLO managers refinanced legacy deals on Tuesday, for a total $1.7 billion

US CLO pipeline: Go long! Refis fall from favour as AMMC looks to join list of 2021 issuers
The only record left to fall this year in US CLOs is 2017’s refinancing total of $102.8 billion with the market $6.3 billion shy. Yet this segment shows little interest to break more records with the pipeline filled with new issues and resets as longer tenured deals are preferred.

Managers make rare capital structure rejigs with 2020 CLO refis
Two CLO managers have refinanced 2020 CLOs while taking the rare step of altering the deals' capital structures

First Eagle prints fourth middle market CLO
First Eagle Investment Management has priced its fourth and largest middle market CLO, bringing its mid market deals under management to $1.5 billion

CLO reset surge extends with over $1.7 billion pricing on Friday
CLO reset supply was elevated for a second consecutive day on Friday as $1.7 billion priced across four deals

Golub prints largest reinvesting CLO of 2021 at $950 million
Golub Capital Partners priced the largest reinvesting CLO of the year so far on Tuesday

Golub adds BSL CLO and extends mid-market advantage with reset
Golub Capital Partners has followed up its hefty middle market CLO in July with a slightly smaller $559.1 million broadly syndicated loan deal via Credit Suisse as well as a reset of a 2020 transaction

Global CLO trading lab: Equity supply spikes as investors go long
CLO equity returned to the secondary market in a big way last week, after a month of very little visibility, with $118.3 million of US CLO and €44.9 million of European CLO subordinated notes on sale

US CLO pricing lab: expensive legacy deals take priority as two-three year point on term curve tightens
The US CLO market may have gapped out in recent weeks, but expensive 2019 and covid-era CLO refis and resets are still in the money

Golub issues 2021's third-largest middle market CLO
Golub Capital Partners has issued the third-largest middle market CLO of 2021 to date

Carlyle and KKR greet US holiday with $830m of CLO refis
Carlyle Group and KKR each refinanced CLOs with the two deals totalling $830.3 million, according to market sources

Barings completes first middle market CLO since 2019
Barings has issued its first CLO backed by middle market loans since October 2019

CLO pipeline: GoldenTree makes good home for single Bs in swarm of activity
Wider CLO spreads are not deterring US CLO managers or equity investors, as 14 new issues, 10 resets and seven refinancings enter the pipeline

Unusual double As jump tighter as BMO keeps it in-house again with CLO refi
BMO has refinanced a CLO for BMO that resulted in junior double As moving much tighter relative to senior double As 

Antares prints largest new issue CLO for four months
Antares Capital priced the fourth largest new CLO of 2021 on Tuesday with the $806 million Antares CLO 2021-1

CLO pipeline: all-time CLO issuance records come under threat
14 new issues in US and three European new CLOs look to price in the coming weeks

CSAM teams up with Nomura on new issue CLO for first time
Credit Suisse Asset Management has completed its third new CLO of 2021 and its first ever new deal to print via Nomura

CLO pipeline: Five out, five in as market digests new issuance wave
Five new issue US CLOs priced from last week’s pipeline, but five more have replaced them in this week's edition of our pipeline report

CLO spreads trend tighter as Neuberger Berman scores 153.75bp funding cost
Neuberger Berman has priced the tightest new issue CLO since 9 April, the second time that record has been broken this week as liability spreads finally move tighter

US CLO spreads tighten sharply as Blackstone prints record fifth new issue of 2021
Blackstone Credit became the first CLO manager to issue five new US CLOs this year on Monday, securing the lowest funding costs in over a month in the process

Blackstone scores tight debt pricing with fourth new US CLO of 2021
Blackstone Credit became the third CLO manager to print a fourth US new issue of 2021 on Monday, teaming up with Citi on its latest transaction named Rockland Park CLO

US CLO pricing lab: let’s refi like it’s 2017
The new issue US CLO market has been a slow burn over the last two weeks with only six deals being brought to the market amid wider triple A spreads. But the repricing market has been booming with today’s triple A levels still comparatively cheaper than previous vintages exiting their non-call periods

Blackstone stands tall with tightest US CLO print of the month
Blackstone Credit scored the tightest new issue CLO print of the month on Friday after issuing its triple As at just 106 basis points over Libor