Market opens up for yen repacks of CLOs as KKR Credit and MJX plan resets
In the last couple of years CLOs have been refinanced, reset and repackaged with a fair degree of regularity. Now for the first time, repacks of resets are set to occur

KKR slashes cost of debt by 46bp following latest European CLO reset
The €419.5 million deal was arranged by Goldman Sachs, and cut the cost of debt to 161bp according to market sources

KKR Credit's upcoming direct lending fund surpasses $600 million
Fundraising for direct lending strategies is firmly on the agenda at KKR

Dublin-based manager looks to reset third CLO of 2017
The manager is working with Goldman Sachs to arrange the reset, and is seeking to upsize the deal's debt trances to €373.5 million

KKR Credit shaves 45bp off cost of debt in US CLO refi
The $368 million refi of the manager's 2015 CLO saw the spreads decrease on all six classes of debt notes 

KKR prices its second US CLO of 2017 in $713 million deal
KKR Credit has issued its second US CLO of the year with sources indicating that the manager priced a $713 million deal with Credit Suisse yesterday

Ares and KKR score five-year resets for US CLOs
Amid a burst of US CLO new issue activity, Friday saw two relatively rare five-year resets

Mid-west pension fund approves credit allocations to KKR and Avenue
A mid-west pension fund has upped its allocation to KKR’s latest direct lending strategy

It pays to eat your own cooking
CLO managers affiliated with PE firms buy extra debt from companies owned by those firms – and it seems to give them an advantage

Investors agree wind-up call for KKR euro CLO 1.0
Investors have approved a plan that will allow KKR Credit to wind down a poorly performing 2006 European CLO

Morgan Stanley reset slashes funding cost on KKR euro CLO
KKR Credit has priced a reset of its mid-2014 European CLO Avoca CLO XI, according to market sources

KKR Credit seeks investor wind-up vote for another euro CLO 1.0
KKR Credit has proposed to wind down a 2006 European CLO, according to an investor notice

JP Morgan credit specialist set to join large credit manager in London
An experienced banker is leaving the leveraged finance desk at JP Morgan ahead of a move to the buy side. He is set to be involved with his new employer's upcoming direct lending fund

Past returns: early risk retainers
Five years ago in Creditflux we reported on JP Morgan shutting down its special situations prop trading desk in London

KKR converts from EU to US risk retention as it prices CLO reset
KKR Credit has priced a reset of its 2013 CLO, KKR Financial CLO 2013-1, according to market sources

Triple-A coupon falls by 49bp as KKR prices euro CLO reset
KKR Credit has priced a reset of its 2014 vintage European CLO, Avoca XII

KKR brings UK and Asian investors into latest credit fund
KKR has raised at least $420 million for its latest private debt fund, according to regulatory filings

Mezz investors take novel route to unwinding legacy euro CLO
Junior debt investors in a 2005 European CLO have made a highly unusual move that would see the deal redeemed early but leave them with a small loss to their principal

European CLO pipeline builds with three deals to price this week
Three European CLO managers are expected to tap into the primary market this week, according to a report by Creditflux’s sister intelligence service Debtwire

Fortune favours the brave as KKR begins marketing CLO 13
KKR Credit laughed in the face of superstition last week, as it began marketing its latest CLO

Points up front: tri and tri again
Good luck to KKR Credit's Clayton Perry, who is taking part in the London Triathlon this month