HalseyPoint joins the 2023-vintage reset trend
The reset of HalseyPoint CLO 7 is the latest in a slew of such reworkings by multiple managers

Guggenheim prices ‘quasi-CLO’ rated feeder fund
The deal follows two similar issues from New Mountain over the last 18 months

Partners Group reworks 2020-vintage US CLO a second time
The refinancing of Pikes Peak CLO 6 follows a reset of the US BSL deal in 2021  

PPM prices first new issue CLO since May
PPM Loan Management has priced a US BSL CLO, its first new issuance in eight months 

AGL prints new low-levered CLO with triple-As at 128bps
AGL has priced a new US BSL deal sized at USD 303m  with the lowest leverage seen this month 

Rockford Tower prices Euro and US resets on same day
King Street Capital Management affiliate Rockford Tower echoed KKR and Permira in pricing dual European and US CLOs at the end of last week

Permira prices first US CLO marking its debut as a manager in the region
European-based manager priced its first US deal via JPMorgan becoming the third US BSL manager to debut this year

Citi arranges new CLO for Investcorp
Citi partnered with Investcorp Credit Management this week to arrange a new US BSL CLO valued at USD 406.9m, with the senior notes printing at 160 bps over SOFR  

First CLO of 2024 prices
Jefferies won the battle for the first CLO of 2024 last week via a new US BSL CLO priced for CQS

CLO market round-up: holiday cheer hits as US senior spreads move in
The holiday period saw a brace of end-of-year US deals pricing, with a range of new issues, resets and a refi to lead the market into 2024, and senior spreads move firmly back in the 160s.

Investcorp makes late break to join 2023 new US issuers
Investcorp Credit Management foreshadowed a new US CLO with guidance offered on Harvest US CLO 2023-1, a BSL deal arranged by Deutsche Bank

Latest Elmwood reset brings triple A spreads in 60bps
Morgan Stanley priced Elmwood Asset Management’s second reset of 2023 on Friday

Sound Point prices first CLO under new performing credit head
Sound Point Capital Management priced their latest deal on Wednesday, according to market sources. Sound Point CLO 36, arranged by BNP Paribas, is a US broadly syndicated CLO, and the manager’s first deal this year.

Sculptor structures junior CLO debt as loans on first new issue in 12 months
Sculptor Capital Management returned to the CLO primary market on Thursday to print its first new issue deal in over 12 months

Re-proposed SEC rules could negatively impact CLO managers and affiliates
CLO managers and their affiliates could be negatively affected by re-proposed securitisation conflict rules by the Securities and Exchange Commission last week, if approved in its current form

Sofr away from me – basis puts new CLO triple As in dire straits
A relative value gap has opened between secondary and primary market CLO triple A tranches, with the former looking attractive as volatility heightens and the basis grows between Libor and Sofr. This presents an additional problem for managers hoping to do new business

Mid market CLO league tables: Natixis extends lead with two new issues but SocGen stays close
Of the three mid market CLO new issues that priced in August, market leader Natixis arranged two of them to put some breathing room between it and its nearest rivals

Quick! Avaya has ignited and $1 billion of CLO assets are at risk
Sparks are flying in the leveraged loan and high yield market after communications company Avaya Holdings slashed its forecasted earnings mere weeks after syndicating new debt. The rapid decline of Avaya's debt has left CLO managers little time to avoid the blaze

Global CLO league tables - July 2022 YTD
Global CLO league tables - July YTD

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

Golub upsizes 2020 CLO by over $100 million
Golub Capital Partners took to the CLO reset market on Wednesday to reset its late 2020 CLO named Golub Capital Partners CLO 50(B), upsizing the transaction by $102.5 million 

Octagon to switch 2019 CLO to Sofr and upsize by $137 million
Octagon Credit Investors is set to upsize a 2019 CLO by $137 million as it plans to reset the deal next week, transitioning the structure to pay its liabilities off Sofr in the process

Dam breaks as first fully Sofr-CLOs shed light on price discovery
AB, Palmer Square Capital Management and New York Life Investment Management on Friday became the first CLO managers of deals with a full capital stack linked to Libor replacement rate Sofr, shedding light on the price discovery process after weeks of speculation

Black Diamond returns to CLO primary with first new issue in two years
Black Diamond Capital Management made its long-awaited return to the CLO primary market on Friday with its first new issue deal in over two years

Apex refinances triple A-free CLO from 2019
Apex Credit has refinanced an unusual CLO from 2019 that was structured without triple A-rated debt liabilities