ICG upsize makes US CLO its largest ever
ICG has issued its latest CLO offering, affording the deal an upsize before pricing that makes it the firm's largest ever in the US

Aegon resets 2016 CLO with triple As at 105bp
Aegon Asset Management reset its 2016 CLO Cedar Funding VI for an extra five years of reinvestment, with the triple A notes paying 105 basis points over Libor

Global CLO b-wic round-up: equity trades break new records as investors look to redeploy cash
The CLO secondary market is experiencing heavy churn with €273.5 million of European CLO paper and $1.05 billion of US CLOs listed last week. Within that supply, a record trade for a 2.0 European CLO equty tranche was recorded 

Redding Ridge takes yearly CLO volume to $2.35bn with second new issue in two weeks
Redding Ridge Asset Management priced its second US CLO in as many weeks on Friday, teaming with Barclays on the $647.5 million deal named RR 15

Blackstone refinances mezz tranches of 2018 bond-heavy CLO
Blackstone Credit has teamed up with GreensLedge to refinance the mezzanine debt notes of a 2018-vintage inaugural bond-heavy CLO named Cirrus Funding 2018-1

FS Investment scored late entry in 2020 with debut BSL CLO
The world welcomed a new CLO manager in the final days of 2020 as FS Investments teamed up with JP Morgan to bring its first solo transaction to market

OC health check: 41 CLOs heal their breaches
147 CLOs breached an over-collateralisation test in October, down from 183 in September. 41 CLOs that breached an OC test in September passed all OC tests in October, most of which had October payment dates

Fortress prices first BSL CLO in over a year
Fortress Investment Group has priced its first CLO backed by broadly syndicated loans in over 12 months

OC health check: CLOs wake up when September ends
September showed a slight but clear improvement in CLOs’ over-collateralisation test results as 182 CLOs breached an OC test during the reporting period, compared to 198 in August.

OC health check: August reports slow torrent of fresh breaches to a trickle
198 CLOs reported an over-collateralisation (OC) breach in August, only three of which were completely new breaches. This is a slowdown from July, when 230 deals suffered some kind of OC breach, according to the latest reports from CLO-i  

Global CLO b-wic round-up: CLO lower mezz tightens while equity investors strive for duration
A large supply of CLO paper flooded the secondary market last week as $1.5 billion of US CLO bonds and €370 million of European CLOs were listed, according to CLO-i

HarbourVest fights back over CLO fund investment after Highland's objection
HarbourVest Partners, the key investor in risk retention vehicle Highland CLO Funding, has shot back at Highland Capital Management in court, arguing it had not insisted on changing the manager on its CLO fund from Acis to Highland, as Highland had claimed

Beneath the triple C: downgrades hold steady as Travelport loses its luggage
For the second month in a row downgrades to triple C steadied, with just under $9 billion of CLO loans falling to this rating across 34 corporate borrowers

OC health check: US CLOs hit by new round of test failures
135 deals breached an over-collateralisation test last week, 78 for the first time, according to the latest trustee reports from CLO-i.

Global CLO league tables - April 2020 YTD
Global CLO league tables - April 2020 YTD

GSO close to pricing static US CLO after buying $428 million of secondary loans
A CLO primary pipeline is starting to re-emerge following the March sell-off, with GSO Capital Partners marketing a static $463.5 million CLO to investors via Citi

Global CLO league tables - February 2020 YTD
Global CLO league tables - February 2020 YTD

Trimaran goes tighter with second US CLO tap of the year
Trimaran has loaded up its double A tranche with split fixed and floating rates

Zais prices new CLO with record five classes of fixed-rate debt
Zais Group has priced a new issue CLO via JP Morgan that issues five classes of debt paying fixed rates of interest

Mid market CLO round-up: Owl Rock perches in the CLO space with debut deal
There was a flurry of activity in the middle market CLO space last week

Global CLO round-up: 15 months to one month - managers set their own pace
Three new US CLOs priced this week courtesy of; Seix Advisors, via BNP Paribas; Kayne Anderson, via Goldman Sachs; and Steele Creek, via RBC. In Europe, Oaktree Capital Management paired with Barclays to price Arbour CLO VI.

US CLO round-up: choose your own reinvestment period
Reinvestment periods have played an important role so far this year, with 30.8% of the new issue market opting for terms shorter than four years

Global CLO round-up: there's something for everyone as CLOs put on a good spread
This week, equity investors have something to be thankful for with triple A CLO spreads showing signs of tightening

Guggenheim enters mid-market CLOs with deal arranged by Natixis
Guggenheim Partners Investment Management has entered the middle market CLO arena following the pricing of its inaugural transaction yesterday (20 November)

Barings and Natixis team up again for a middle market CLO
Barings priced its second CLO backed by middle market loans yesterday