‘Walk, don’t run’ to take advantage of software disruption, says KKR
Eddie O’Neill and Jeremiah Lane, co-heads of global leveraged credit at KKR, give their view on the headwinds and opportunities in CLOs

News in brief
Top stories on creditflux.com: from First Trust’s CLO start to Apollo’s next generation

US CLO spreads break 120bp barrier as Oak Hill Advisors prices latest issue
OHA Credit Funding 26 priced the tightest standard-duration US deal in almost two months, while the end of the week also saw KKR printing its latest new-issue deal

New US CLOs see mezz widening even as issuance maintains steady pace
Over USD 2.4bn of new CLO paper priced on Tuesday and Wednesday as Blackstone, Nuveen, Voya, Sixth Street and KKR all printed new BSL transactions

KKR prices second deal in programmatic private credit CLO strategy
The transaction is the second in the manager’s series of private credit CLO issues under the KIMM (KKR Institutional Middle Market CLO) banner, following the pricing of KIMM CLO I in October 2024

KKR issues 2023-vintage US reset
KKR’s latest US CLO reset priced via Citi as a USD 465m transaction

KKR resets US CLO for first time since 2017
The 12-year-old KKR Financial CLO 2013-1 recapitalised its debt tranches to the tune of around USD 243.5m in the repricing

KKR, Warwick print 2023-vintage US resets
Both deals issued their triple As at SOFR plus 128bps

KKR prices fourth new US BSL CLO for the year
KKR CLO 58 takes the manager’s total issuance for the year to over USD 8bn

KKR resets short-dated US deal from last year
The USD 373m reworking renewed KKR CLO 45a on a standard 2Y/5Y timeline

KKR issues third new US CLO for the year
The USD 402.5m deal priced its senior triple As at SOFR plus 133bps

KKR takes year-to-date US issuance to USD 2.5bn with latest reset
The USD 313m repricing of KKR CLO 52 reworked a deal that originally printed in May 2023

Mapping the present and future of credit
Keynote speakers at this year’s Creditflux Symposium highlighted the success of credit markets during recent volatility and argued that a wave of securitisation could drive growth in Europe

Credit markets have become more stable and behave differently – KKR’s Eddie O’Neill
PODCAST: The co-head of global liquid credit at KKR sees opportunities and reasons for optimism after the recent market upheaval, especially in Europe and Asia in the latest "Credit Exchange with Lisa Lee" podcast

KKR prices new short-dated US CLO
The USD 403m print was the manager’s first new US deal since November

KKR prints two US CLO repricings on same day
The two deals, both priced via BNP Paribas, totalled some USD 886m

KKR refinances its first static deal for a second time
KKR, working with Citi as the arranger, refinanced its KKR Static CLO 1 this week. It’s the second refi of the US BSL deal and comes nearly a year to the day after the first refinancing

KKR prices US BSL CLO with AAAs at 132bps
KKR has printed a new USD 457.68m deal dubbed KKR CLO 54, the seventh CLO backed by broadly syndicated loans priced by the manager this year

KKR joins CLO captive equity rush
Investment giant KKR is fundraising for a new CLO captive equity fund with an impressive target size, joining managers like Bain, Beach Point and Brigade who all hit the news this week 

KKR prints new US BSL CLO with triple-As at 137bps
KKR has priced its fifth new US BSL CLO of 2024 in a USD 406.70m deal arranged by Scotiabank

KKR launch new programmatic strategy with private credit CLO deal
KKR has moved to establish itself as a more prominent player in the private credit CLO market, with last week’s USD 453m pricing of KIMM CLO I arranged by BNP Paribas and KKR Capital Markets

KKR resets US BSL CLO
KKR has priced a reset of KKR CLO 49, a US BSL CLO from May 2022, in a deal arranged by Deutsche Bank

KKR prices fourth new US BSL CLO of the year
KKR has priced a new US BSL CLO, its fourth for 2024, valued at USD 506.65m via Deutsche Bank

King Street bolsters CLO research ranks with hire from KKR
Alternative asset manager King Street has hired Terry Ing from KKR to head US research for credit and CLOs