KKR and Bank of America team up on static refi
We missed one CLO from our holiday primary roundup yesterday, with KKR taking advantage of the end-of-year tightening across the market to round off 2023 with a refi of its first static BSL CLO

KKR adds US reset to 2023 tally
In what is likely to be one of the last primary market CLOs to price in 2023, KKR last week reset its 2022-vintage US BSL KKR CLO 43, with Deutsche Bank acting as sole arranger

KKR looks to squeeze in another reset
As activity in the CLO primary market winds down for the year, KKR has signalled it has one more shot in its locker – it is in the market with a reset of a short-dated CLO

KKR makes it four US CLOs this year
KKR last week priced its biggest CLO of the year, a half-billion-dollar new-issue US transaction, in a deal arranged by Citi

KKR prices third US CLO this year
Bank of America arranged a new USD 402.7m deal US CLO for KKR yesterday

Jump in loan prices sees CLO primary stall in the US
US CLO primary supply almost ground to a halt in June with just three transactions printing in the first half of the month

KKR's new CLO sees triple As print 3bp tight of market average
KKR Credit teamed up with Morgan Stanley on Wednesday to print a new CLO named KKR 52

Rally in three-year reinvestment CLOs ensues as KKR prices US deal
KKR Credit has continued the recent theme of three-year reinvestment US CLOs pricing closer to five-year deals, closing a massive gap between tenors that opened up last month.

US CLO pipeline: busy January sets the tone for the year
US CLO new issuance in January has exceeded 2022’s volumes with $6.4 billion priced last month compared to $4.6 billion last year, and the market is showing no signs of slowing down

LP round up: 27 managers find the top corner with investor wins
Credit fund managers like to take it one fund at a time and give it 110% for their 90-minute investor fund pitches - and it's working as $3.8 billion was allocated during November and early December. The gaffer would be proud. 

KKR's 2022 US CLO volumes climb to $3.5 billion after eighth new issue
KKR Credit priced its eighth new US CLO of the year on Monday, bringing its new issuance volumes for 2022 to $3.5 billion

Beneath the triple C: Stormy October hits CLOs with rising tide of downgrades
After a slight respite in the pace of downgrades over the summer for CLOs, October brought renewed momentum as macro-economic pressures - primarily high interest rate burdens for corporate borrowers and supply side inflation - became the recurring rationale

US CLO pipeline: five-year triple As solidify at 220bp
US CLO spreads are showing signs of widening as the benchmark triple A levels shift by 10 basis points. Senior triple As are aiming for a 220bp benchmark as LCM Asset Management and Neuberger Berman market five-year deals

eBay and IBM lead as US firms plug-in to CLO triple As
Major US corporations eBay and IBM have begun investing in senior CLO debt tranches, while Apple has also been looking to enter the market.

CLOs at a glance (November 2022)
A listing of CLOs that have priced in the last month

KKR extends static CLO streak with second consecutive deal
KKR Credit has priced a second static CLO in a row, pairing with Goldman Sachs on the $435 million deal named KKR Static CLO II

Credit funds at a glance (August 2022)
A round up of fundraising and people moves in credit
   

US CLO league tables: Heavyweights knock deals out as familiar faces stay top
In June 25 managers braved the US CLO market, among which only Columbia Management priced its first deal of the year

CLOs at a glance (July 2022)
A listing of CLOs that have priced in the last month
 
 

   

KKR prints its first static BSL CLO
KKR Credit begun a new series of static CLOs after teaming with JP Morgan on a deal named KKR Static CLO I

US investors welcome flurry of CLO new issues
The UK may have been off from Thursday for the Jubilee holiday, but in the US the primary CLO pipeline proceeded apace with several new issues hitting the market before Friday’s close

KKR readies three-year CLO as loans start to tighten
KKR is readying a new CLO with three years of reinvestment capability

Envision exchange leaves some lenders sick, but CSAM finds prevention is better than cure
Envision Healthcare’s distressed debt exchange has rocked the CLO market, with over $1.68 billion of the firm’s loans held by US CLOs. But some of the largest managers have avoided the name completely 

Credit funds at a glance (May 2022)
A round up of fundraising and people moves in credit
   

KKR prints second consecutive US CLO with four-year reinvestment period
KKR Credit has priced a rare CLO with four years of reinvestment capability named KKR CLO 42, shunning the market-standard five year period