KKR’s Avoca XXX resets at current Euro tight
The deal matches KKR's own triple A tight of Euribor plus 128bps, set with the reset of Avoca CLO XXIX at the end of August

KKR breaks 130 barrier for Euro CLOs as brace of resets wrap up August
KKR has smashed the 130 barrier for standard-duration European CLO triple As for the first time since April, while Redding Ridge and BlueBay also priced resets to end the month

KKR keeps busy with new Euro print
The deal comes the day after the manager priced the tightest European reset since April, both deals issuing their triple As at Euribor plus 132bps

KKR prices tightest Euro reset since April
Tuesday's reworking of the nine-year-old Avoca CLO XVII issued its triple As at Euribor plus 132bps

KKR prices second new Euro issue for the year
The deal saw its triple As clear at Euribor plus 133bps

KKR resets 2019-vintage Euro deal with increased cost of funding
Friday's print was the second repricing of Avoca CLO XX, following a partial refi in 2021

KKR reprices second ultra-tight Euro deal
The transaction was the manager's second reset of a 2015-vintage European CLO in the space of a week

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 sees funding costs widen with reset of ultra-tight Euro deal
Triple As priced at Euribor plus 138bps in the latest reset

KKR prints tight with its triple As in new European issue
The manager’s first new issue of 2025 saw strong demand for its triple As, but reflected a broader widening trend in the lower mezz  

KKR’s latest Euro CLO reset records tightest overall funding cost of 2024
KKR has priced the tightest long-duration European reset of 2024 measured by overall cost of funding with a 2018-vintage issue arranged by Jefferies

KKR resets European CLO with increased cost of funding
KKR has priced a second reset of Avoca CLO XVI, a 2016 deal reset in 2018, in a transaction that priced tightly but still saw the overall cost of funding jump out

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 

Euro reset sees KKR extend one of its longest-running deals
The latest reset of a 2014 vintage CLO by KKR saw a hefty cost-of-debt increase, as a prior partial refi in 2019 had locked in extremely tight spreads 

KKR prices static Euro CLO with triple-As at 97bps
KKR printed its first static European CLO in style with one of the tightest deals of the year, with a total weighted cost of debt of Euribor plus 148.08bps

European CLO double-B spreads hit 2024 low, signalling investor confidence
European CLO double-B spreads are falling lower, hitting year-to-date tights for both new issue and reset deals in the past week. Investors are waving off worries about a potential economic slowdown and opting for primary deals over secondary paper.

KKR prices tightest European deal since August with latest reset
KKR has reset and upsized an early 2023 European CLO, and priced the deal with senior spreads below 130bps

What August slowdown? Blackstone prices new CLO in Europe
Blackstone prints new European CLO with triple-A spreads at 135bps via BNP

New KKR CLO sees European triple-As hit 125
While the overall pace of European CLO spread tightening has flattened out somewhat the latest print saw another new tight for triple-As from KKR

KKR leads flood of European CLOs
The first European print of 2024 for KKR, arranged by JP Morgan, came on a busy day for Euro CLOs

European triple As drop below 150 as KKR prices new CLO
The somewhat limp activity in the European primary market so far in 2024 was given a kick along on Friday with the pricing of Avoca CLO XXIX, a new EUR 402.85m BSL CLO from KKR

KKR goes static for latest European CLO
KKR has priced a new static European CLO, arranged by Morgan Stanley

Euro CLO league tables: Jefferies wins at a canter as fellow newcomer Palmer Square wins in new issues
A year of turmoil in the CLO market inevitably led to European CLO issuance dropping in 2022 from its record 2021

KKR pulls low-ramp European CLO amid loan rally
KKR is understood to have pulled its new issue European CLO Avoca XXVIII, according to multiple sources. The deal was due to price this week

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