Euro CLO round-up: innovators and renovators rip out floors and refurbish deals
Barings and Cairn entered the CLO refi market this week to produce two transactions that will be remembered as pioneers in their field

US manager picks L-shape retention structure in reset of 2015 CLO
The manager teamed up with Bank of America Merrill Lynch to price the transaction yesterday

Barings removes triple A Euribor floor as it prices CLO refi
Barings has priced its third transaction in the European CLO market this year

Manager plans its third euro CLO transaction of 2017 and hires Goldman
A large European credit manager is working on a €298.8 million refinancing of a 2015 CLO deal, according to market sources

2017 PGIM deal tops ranking of best-performing European CLOs
A PGIM-managed 2017 deal, Dryden 48 Euro CLO, made its first equity distribution in August, with the €6 million payment pushing the deal to the top of our CLO performance rankings for the month

Update: European CLO league tables
Barclays, the leading arranger of European CLOs this year, has a lead of €530 million at the top of the 2017 league tables (as of the end of August)

Barings raises $350.8 million for Cayman private loan fund
Barings has raised $350.8 million among 16 investors for its North American Private Loan Fund, based in the Cayman Islands

Barings goes global with new mid-market strategy after rapid fund raise
Barings says that it has raised $1.3 billion for a new middle-market credit fund after less than six months on the marketing trail

Barings joins elite list of managers to price US CLO triple As at 118bp
Wells Fargo had a busy end to last week after pricing three (very different) US CLOs

Barings forms a fresh arranger partnership for its first new CLO of 2017
An arranger is in the market with the latest US CLO for Barings, according to well placed sources

Ares hires from Barings for real estate debt business
Ares Management is fortifying its real estate debt business

Barings to surpass $2 billion in refi volume as it markets fourth deal
Barings is understood to be close to pricing its fourth CLO refinancing of the year, in a $478 million deal

US CLO refi volumes surpass $20 billion as Barings prices
US CLO refinancing volumes hit $20 billion this morning as Barings refinanced its third CLO of the year

BAML prices $560 million CLO refinancing for global manager
Bank of America Merrill Lynch has refinanced a 2013 vintage CLO in a $560 million deal, according to market sources.  

Former BlueBay partner establishes direct lending firm after key hires
The former head of German direct lending at BlueBay has launched a new firm with backing form a German private equity firm. He has hired former Barings and Park Square officials to support his new business

Barings prepares to redeem early 2.0 deal later this month
Barings is set to redeem its 2012 CLO, Babson CLO 2012-I, later this month.

Manager includes double-Bs as it refinances debut CLO
Steele Creek Investment Management has priced a refinancing of its debut CLO, according to market sources. 

European CLO managers change tack in order to achieve Volcker compliance
Rothschild is looking to amend one of its CLOs in order for it to be able to buy high yield bonds. Several other CLO managers are changing the way they achieve Volcker compliance

Morgan Stanley kicks off 2017 CLO market with $1 billion in refis
Morgan Stanley officially opened the 2017 CLO primary market on Friday, pricing two refinancings for a total of $1 billion in issuance.

Morgan Stanley wins two CLO refi mandates to kick off 2017
Morgan Stanley looks set to get the CLO primary market up and running in early 2017 after winning two refinancing mandates totalling $1 billion. 

European CLO managers defy Euribor floors with strong equity distributions
Dryden 39 and Aurium CLO 1 make impressive equity returns - despite being structured with Euribor floors

Citi summons the strength to conjure up three CLOs in a day
Citi treated CLO investors to a hat-trick of deals on Friday by pricing CLOs for Barings, Brigade Capital Management and Guggenheim Investments

Barings hires senior high yield analyst from large credit manager
London-based asset manager continues to hire for fixed income with senior high yield analyst