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

KKR prices CLO with unusual reinvestment-call lock profile
KKR has priced a rare CLO with a short reinvestment window but long non-call period

Fixed-rate CLO tranches emerge ahead of rate rises
Floating rate benchmarks — whether Sofr or Libor — have risen sharply this year ahead of interest rate hikes in the US, and that has coincided with a flurry of new issue CLOs that have incorporated fixed-rate debt tranches

Euro CLO triple As show signs of succumbing to macro volatility as €1 billion paper prints
Over €1 billion worth of European CLO paper priced on Wednesday with two new issues from KKR and Spire, alongside a reset from ICG

KKR inserts loan triple A tranche to new US CLO
KKR Credit on Wednesday followed up the CLO refinancing transaction it completed in late January with its first new CLO of 2022 

CSA does not make sense for new loans and CLOs, say market participants
Credit market participants have not been too hung up on what the credit spread adjustment should be on new CLOs and loans aligning to term Sofr – and that’s a positive, according to speakers on a webinar hosted by DealCatalyst

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

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

KKR and PGIM among bidders to buy Alcentra: Bloomberg
BNY Mellon is set to offload its credit investment unit Alcentra, according to a report by Bloomberg citing people familiar with the matter

Two CLO funds launch following at least 20 in 2021
Two US credit managers have kicked off the year by launching funds geared towards investing in CLO tranches

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

Past returns: KKR’s unusual CLO liquidation
Five years ago in Creditflux, we reported that junior debt investors in a KKR-managed European CLO voted to alter the deal’s documentation so they could drive a liquidation of the legacy deal, such that they would receive roughly 92% of par

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

KKR announces new co-CEOs as Kravis and Roberts step down
KKR has announced the appointment of its second ever pair of co-chief executive officers, effective immediately, replacing co-founders Henry Kravis and George Roberts

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