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

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

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

15 CLO managers aim to print European deals as 'aspirational pipeline' forms
European CLO market participants are doubtful the pace of issuance will return to full swing in September, despite a reasonably healthy forward-looking pipeline.

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

You seem familiar
The overlap between European CLOs has risen to 51.6%, but the largest issuers are only slightly more aligned to their peers at 55.19% — so bonds are proving to be an important differentiator

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

Sofr, so complicated
At Creditflux’s US CLO Summit debate centred on Libor and Sofr. Hot topics included tenors, Libor floors being out-of-the money and investors changing their views on spread adjustments

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

Global CLO league tables - March 2022 YTD
Global CLO league tables - March YTD

US CLO league tables: BofA marches on as Elmwood climbs to top in new issues
Last month, for the first time since June 2020, no resets or refinancings priced in the US CLO market as market volatility took repricings out of the money. This meant a month-on-month decline of $13.4 billion in overall issuance, but new issuance was still healthy with $11.6 billion pricing in March

BlackRock Euro CLO set to price, with KKR and ICG in line and 115bp emerging as triple A benchmark
BlackRock is expected to price a European CLO issue today via Bank of America. The immediate CLO pipeline is thin, but KKR is marketing a deal via Morgan Stanley and ICG is marketing via Citi

US CLO triple As drift out to 157bp as KKR prints second US CLO of the month
KKR has priced a new CLO complete with a four-year reinvestment period and a 157 basis point triple A coupon

Four-year KKR US CLO nears pricing as BofA markets two deals
Bank of America is looking to build on the momentum that has taken it to the top of the US CLO new issue league tables with sources indicating the bank is working on deals for KKR and WhiteStar Asset Management