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

CSAM and KKR make structural changes to 2019 CLOs with refis
Managers priced more than $1.1 billion of CLO refinancings on Tuesday as Credit Suisse Asset Management and KKR turned legacy deals from 2019 into Sofr-based transactions

KKR matches CSAM senior notes in Euro CLO refi, but goes tighter with mezz
JP Morgan has arranged a refinancing of KKR's 2016 European CLO Avoca XVII, which has around 2.2 years left of reinvestment with its non-call ending next February

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

Three managers think alike with refis of two-year European CLOs
Three European CLO managers hit the primary market on Friday to print two-year refinancings. This deal profile has been popular of late with seven such deals pricing in little over a month

KKR offers 105bp area for junior triple As with Avoca Euro CLO refi
KKR Credit Advisors is looking to refinance triple A to triple B minus debt tranches from its Avoca CLO XX this week

Elmwood and KKR make it to eight new US CLOs in 2021
Elmwood Asset Management and KKR Asset Management each priced their eighth new US CLOs of the year on Monday, becoming just the fifth and sixth manager to achieve this feat

Euro CLO triple As to tighten as new investors enter
CLO market participants anticipate European CLO triple As will grind tighter over the coming weeks as new buyers gobble up paper.

European CLO triple As edge in to 96bp with third KKR new issue of 2021
European CLO triple As have tightened further in October with KKR pricing notes on its third new issue of the year, Avoca CLO XXV, at 96 basis points over Euribor

US CLO pipeline: Go long! Refis fall from favour as AMMC looks to join list of 2021 issuers
The only record left to fall this year in US CLOs is 2017’s refinancing total of $102.8 billion with the market $6.3 billion shy. Yet this segment shows little interest to break more records with the pipeline filled with new issues and resets as longer tenured deals are preferred.

Managers make rare capital structure rejigs with 2020 CLO refis
Two CLO managers have refinanced 2020 CLOs while taking the rare step of altering the deals' capital structures

Busy KKR prints new US CLO and refinances another
KKR Credit had an active day in the CLO primary market on Wednesday, printing one new CLO and refinancing another

US CLO pipeline: 1.0 manager returning, Carlyle going for CLO 10 as market goes to 100
Never in 1,000 years would the critics have expected this 

KKR joins exclusive group of six-time US CLO issuers in 2021
KKR Credit teamed up with JP Morgan on Monday to print its sixth US CLO backed by broadly syndicated loans of 2021, becoming the seventh manager this year to complete this feat

US CLO pipeline: 33 new issues enter market with historic CLO records on the verge of shattering
The US CLO market is running as hot as it has all year with a whopping 33 managers marketing new issues CLOs, according to market sources

Mid market CLO league tables: No change up top but KKR and Silver Point enter race
The mid market CLO space welcomed two new faces to its ranks last month as Silver Point Capital and KKR priced a new issue CLO each

KKR upsizes 2016 CLO by $120 million
KKR Credit on Monday reset its 2016 CLO, named KKR CLO 16, with a $121.54 million upsize

KKR prints largest new CLO of 2021 with static mid market deal
KKR Credit has priced the largest new issue CLO of the year to date, teaming with Bank of America on the huge $1.13 billion static deal named KKR Lending Partners III

KKR becomes eighth manager to print five US CLOs in 2021
KKR Credit notched up its fifth new US CLO of the year on Friday, becoming just the eighth manager to reach this feat

Euro CLO league tables: Blackstone back on top while Jefferies extends lead as focus turns to new issues
2021 European CLO issuance crossed €60 billion in July, which is more than the 22 months that preceded this year

Global CLO league tables - Jul 2021 YTD
Global CLO league tables - Jul 2021 YTD

US CLO pricing lab: expensive legacy deals take priority as two-three year point on term curve tightens
The US CLO market may have gapped out in recent weeks, but expensive 2019 and covid-era CLO refis and resets are still in the money

Carlyle and KKR greet US holiday with $830m of CLO refis
Carlyle Group and KKR each refinanced CLOs with the two deals totalling $830.3 million, according to market sources

Global CLO trading lab: quality and optionality shine as 2020 and 2019 mezz trades up
The primary and secondary CLO markets are moving in tandem with both markets drifting wider amid a wealth of supply

Euro CLO triple As widen as market participants expect spreads to hit 100bp
European CLO triple As are leaking wider with CSAM and KKR resets the latest to demonstrate this - and some anticipate spreads could widen to 100bp, leading to a potential slowdown