Flurry of US CLOs print as Barclays boosts CLO issuance with Brigade and Bain deals
Barclays has brought over $906 million of issuance to the market, printing deals for Bain Capital Credit and Creditflux’s newly crowned US CLO manager of the year Brigade Capital Management

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

CIFC prices fourth US CLO of year while Bain prints third
CIFC Asset Management and Bain Capital Credit each priced a new CLO on Wednesday, with the two deals totalling over $1 billion in new issuance

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  

Bain goes subject on new US CLO with senior triple As at 142bp
Bain Capital Credit is close to pricing its third US CLO of 2022

Bain goes long with new European CLO as 2022 issuance passes €15 billion
Credit Suisse arranged Bain’s €416.72 million deal, named Bain Capital Euro CLO 2022-1, which features a 4.6 year reinvestment period and a two year non-call

Market participants split over biggest risk to CLOs: Creditflux US CLO Summit
There are potential threats to the CLO market from all angles, but during a lively opening panel at Creditflux’s US CLO Summit on Tuesday – the first CLO conference to be held in New York since the pandemic – speakers responded to a poll showing 67% of audience members felt inflation/rising interest rates was the biggest hazard

Jefferies CLO official lands at Bain as head structurer
Bain Capital Credit has hired a New York-based head structurer from Jefferies

Bain achieves strong triple A execution on second US CLO
Bain Capital Credit priced its second US CLO of the year on Friday, with strong triple A execution on the $606.2 million deal 

Bain and CSAM each reset a late 2019 CLO with senior triple As yielding 135bp
Bain Capital Credit and Credit Suisse Asset Management each reset a CLO from late 2019 on Friday, with both deals placing their senior triple A tranches at 135 basis points over Sofr

Bain navigates market volatility with new US CLO
Bain Capital Credit priced its first Sofr-linked CLO on Thursday, despite a backdrop of sharply widening credit markets

Pennsylvania pension reveals $500 million in commitments to three private credit funds
Pennsylvania Public School Employees' Retirement has revealed three private credit commitments as part of $1.1 billion in allocations to its alternatives bucket

CLO managers show respect to their elders
Alongside lucrative new issues, managers also make time for refinancing and resetting old deals. Our data shows that, in 2021, mid-sized firms were the most effective at this balancing act

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

Bain and Columbia add $840 million to CLO reset supply
Bain Capital Credit and Columbia Management both reset a legacy CLO on Friday, adding $840 million to total supply

Anchorage closes in on US CLO top 10 with bond-flex issue
The contest between managers for US CLO new issuance league table standing this year has tightened, with Anchorage Capital bringing a bond-flex deal that moves it closer to 10th placed Neuberger Berman

Bain circles CLO market tights with new issue triple As at Libor plus 114bp
Bain Capital Credit priced its latest new US CLO on Tuesday with the triple A notes yielding just 114 basis points over Libor

Bain and Blue Owl upsize middle market CLOs with resets
Bain Capital Credit and Blue Owl Capital each reset a middle market CLO on Monday, with both managers opting to upsize their vehicles without changing the equity tranche sizes

Assured confirms Bain Euro CLO wrap trade
Assured Guaranty has confirmed it guaranteed the triple A tranche of the European CLO

Bain's 2021 new issue CLO volume rises to $2.9 billion with sixth deal
Bain Capital Credit on Tuesday priced its sixth CLO of the year, bringing its volume for 2021 up to $2.9 billion

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.

Investors behind CLO guarantees emerge as Assured wraps third deal
A bank and an insurer have emerged as the two investors behind Assured Guaranty’s financial guarantees of recent CLO trades. And Assured Guaranty has provided a guarantee to an investor on a third European CLO

Bain prints second European CLO new issue of 2021
.Bain’s latest deal, Bain Capital Euro CLO 2021-2, comes just four months after it priced its first new issue of the year

CLO reset surge extends with over $1.7 billion pricing on Friday
CLO reset supply was elevated for a second consecutive day on Friday as $1.7 billion priced across four deals