Pre-Thanksgiving rush sees trio of refis from market heavyweights
The trio of refis from PGIM, Sound Point and Carlyle has rework a series of transactions that had last been refinanced in 2021   

PGIM prices wide of mezz guidance in return to European primary issuance
The US manager’s first European deal in two years followed the recent trend and showed some weakness in the mezz compared to initial price talk

PGIM signals return to European CLO primary market
After an absence of almost two years, PGIM is marketing a reset of its most recent European deal.

PGIM slashes spreads in 2022 US CLO reset
PGIM has priced a reset of a 2022-vintage CLO via Nomura that slashes triple-A coupons by 74bps

PGIM refinances Dryden 72 CLO again
PGIM has refinanced a 2019-vintage CLO for the second time via Nomura

PGIM refinances 2022 vintage CLO
A new refi from PGIM of a 2022-vintage US CLO saw major tightening in every part of the capstack

Latest PGIM CLO reset shows evidence of lower mezz weakness
PGIM reset a US BSL CLO worth USD 487.1m with an additional USD 27.1m of equity via BofA

PGIM refinances US CLO deal from 2018
PGIM refinanced a a USD 398.83m US BSL CLO from 2018 arranged JP Morgan

PGIM issues second reset of Dryden 76 CLO
PGIM prices reset of Dryden 76, a US BSL CLO, for the second time

PGIM resets 2022 vintage US CLO tightening senior spread by 29bps
PGIM has priced a reset of its Dryden 108 CLO, a US BSL deal from 2022

PGIM resets 2016 vintage US CLO for a second time
PGIM has reset its Dryden 42 Senior Loan Fund for the second time, adding a small equity infusion

PGIM follow up on refi with a US new issue CLO
PGIM priced Dryden 119 this morning, a USD 402.10m BSL CLO in which three classes split into senior and junior tranches

PGIM refinances two tranches of 2017 vintage US CLO
PGIM refinanced its Dryden 54 Senior Loan Fund yesterday, reworking the top two tranches of the pre-Covid era US BSL CLO

PGIM kicks off 2024 activity with a 2015 vintage US BSL refi
Industry heavyweight PGIM’s first deal of 2024 took the form of a USD 346.821m refi, priced in conjunction with Nomura 

PGIM pushes into the middle market with Windhill CLO 1
The latest in a brace of middle-market CLOs to hit the primary market this week was PGIM’s Windhill CLO 1, arranged by Natixis, which marked the manager’s debut in the middle market 

BNP Paribas makes it two US refis in a week
BNP Paribas has priced a deal for PGIM, following on from Monday’s refi of Valley Stream Park CLO

PGIM's latest CLO is tightest regular new issue of 2023
PGIM priced a new vanilla US CLO named Dryden 102 on Friday with the tightest capital structure of the year

PGIM launches new ETF targeting CLO triple A notes
PGIM has launched its first CLO-focused exchange traded fund targeting investments in triple A debt tranches

PGIM joins pricing rush with second deal this year
The US CLO market didn’t let the 4^th of July holiday slow it down last week, and PGIM’s Dyden 107 is among deals looking to price this week.

Pressure starting to mount as CLO warehouses turn stale
In the US CLO market, deals have been marinating for a long time. That’s to say CLO warehouses – the traditional appetiser before a CLO is served – have been at the prep stage far longer than managers would have originally expected.

CLO portfolio manager parts ways with Hayfin
An experienced figure in the European loan and CLO market has left Hayfin Capital Management in London

RBC keeps up 2023 momentum with new US CLO for PGIM
Royal Bank of Canada has notched up its third US CLO arranging credit of the year 

CLO resets poised to return despite wide liability spreads
CLO onlookers are heralding the return of resets in 2023 in a boost to CLO primary market forecasts.

Lights go out for Heritage Power with 120 CLOs left in the dark
US based power plant operator Heritage Power filed for chapter 11 bankruptcy in the bankruptcy court of Texas on Tuesday night, impacting $124.45 million of assets held by 120 US CLOs.

US CLO league tables: Blackstone and BofA rise above competition in volatile 2022
A tumultuous year in the US CLO market led to total issuance dropping from a record $391.2 billion in 2021 to $134.8 billion in 2022