US CLO double Bs gap out to 825bp on coronavirus volatility as Bain braves market
Spreads are blowing out on junior CLO tranches, with Bain Capital having teamed up with Jefferies to bring the first new deal since coronavirus-related volatility hit the credit market    

2020 US CLO refi volume passes $5.4 billion as Brigade and Bain price
US CLO refinancing volume this year passed $5.4 billion yesterday as Brigade Capital and Bain Capital together refinanced over $1 billion CLO paper

CLO pipeline: make some noise for repricings
CLOs may be a bit late to the spread-tightening party, but a hoard of CLO repricings is aiming to make up for it by sheer volume

CLO pipeline: a refi of nine cuts time (and margins)
Nine US CLO managers are preparing to refinance one of their CLOs to lower financing costs

Three US CLO anchor equity positions go on sale one week after payment dates
A trifecta of control equity positions in US CLOs are available to bid on later today, one week after all three deals made scheduled payments to their investors. 

Bain prices euro CLO triple As at 90bp amid signs of single-B spread widening
Bain Capital Credit has become the 47^th manager to issue a new CLO in Europe this year after pricing Bain Capital Europe CLO 2019-1 yesterday. Natixis was responsible for arranging the deal, which resulted in senior notes pricing at benchmark levels of 90 basis points

Few CLOs charred by Murray bankruptcy
25 CLO managers hold  $389.6 million exposure to the debt of coal company Murray Energy Holdings, which filed for Chapter 11 bankruptcy in the Southern District of Ohio on Tuesday, according to the latest trustee reports from CLO-i   

Bain prices largest new US CLO of October
Bain Capital Credit returned to the CLO primary market on Friday to produce the largest US new issue of October

CLO pipeline: Sculptor begins to mould its first CBO
Silence! Artist at work: Sculptor has got its apron on and is shaping up to launch its first CBO

Bain teams up with Goldman Sachs for second consecutive new CLO
Bain Capital Credit has priced its second consecutive new issue CLO with Goldman Sachs as arranger, according to market sources

Ultra Resources loan downgrade unlikely to burn CLOs
The downgrade of Ultra Resources to triple C is not expected to have a material impact on CLO portfolios, accordng to market sources. Loan investors took the matter in their stride as the issuer's term loan Bs are being quoted today at 68.4/70.2 - up from 68.2/70.25 from Thursday, according to IHS Markit

Bain targets European investors with forthcoming US CLO
Bain Capital Credit is looking to price a new issue CLO via Goldman Sachs in the coming weeks, according to market sources

Bain prices CLO refi as fresh supply of unrefinanced 2016 paper dwindles
Bain Capital Credit has become the latest manager to refinance a 2016 CLO after pricing a $462 million deal via MUFG

Bain scores tight print as it prices second middle market CLO
Bain Capital has priced its second CLO backed by loans to middle market companies named BCC Middle Market CLO 2019-1

Bain prices new CLO with triple As 6.91bp tight of 10-day average
Bain Capital Credit priced its latest CLO offering, scoring the second tightest triple A print of the month

Global CLO b-wic round-up: 71% of equity positions trade as supply picks up
The European and US secondary CLO market took a step back this week as the primary CLO generated $7.8 billion of deal flow globally

Bain edges closer to second US CLO of the year
Bain Capital Credit is targeting its second US CLO in 2019

Bain prices $346.15 million refi of 2015 vintage CLO
Bain Capital Credit has refinanced its 2015 vintage CLO named Avery Point VII, according to market sources

US CLO round-up: Golub orbits curve as managers double up
A breakthrough regarding Japanese risk retention rules ended last week on a high note for CLOs as the Japan Financial Services Agency has announed that CLOs can sit outside the remits of its securitisation regulations

Bain prices EU-compliant US CLO in first partnership with Jefferies
Bain Capital Credit priced a $506.75 million new issue CLO yesterday, known as Bain Capital Credit 2019-1

Bain teams with Jefferies as it markets four CLO triple A tranches in latest deal
Bain Capital floated price guidance today via Jefferies on a two-year non call, five-year US CLO, according to market sources

Bain teams with Goldman Sachs to price its second European CLO of 2018
Bain Capital returned to the CLO primary market yesterday with its second new issue in Europe of the year

Bain to launch its second European CLO of the year
Bain Capital Credit is planning its second new issue CLO in Europe this year and has hired Goldman Sachs as arranger

Bain enters mid-market CLOs with inaugural pricing
Bain Capital has become a middle market CLO manager after pricing its inaugural deal named BCC Middle Market CLO 2018-1

Bain prints two-year reinvestment CLO refi
Bain Capital Credit has refinanced a US CLO with two years of its reinvestment period outstanding – the first transaction of its kind in a month