US CLO pricing lab: let’s refi like it’s 2017
The new issue US CLO market has been a slow burn over the last two weeks with only six deals being brought to the market amid wider triple A spreads. But the repricing market has been booming with today’s triple A levels still comparatively cheaper than previous vintages exiting their non-call periods

CLO pipeline: European new issues set to resume but managers seek pricing stability
The CLO pipeline is heavy with reworked deals - and anticipation - as 14 US CLO and one European CLO refinancings feature, along with nine US CLO and six European CLO resets

Texas pension allocates $50 million to CLO fund
The comes amid a flurry of allocations to CLO funds

Deerpath makes tracks in CLO primary for first time in 2021
Deerpath Capital Management has returned to the CLO primary market for the first time in 2021, printing a $362.9 million new issue named Deerpath Capital CLO 2021-1

CLO torrent adds $1.5 billion in US refis
The CLO refinancing boom has added another $1.5 billion to deal volume, with Intermediate Capital Group, Octagon Credit Investors, Sound Point Capital Management and Vibrant Capital Partners adding their names to the list of CLO refinanciers

CLO pipeline: Carlyle eyes fourth new issue in two months but refis and resets dominate
Manager focus has shifted to reworking vintage CLOs to lower funding costs in a much tighter market, with the new issue US market having slowed

CLO refi paper worth $1.61 billion hits market
Five managers have printed transactions worth a combined $1.61 billion over the last few days, in a CLO refinancing bonanza 

Ares affiliate re-emerges in mid market with first primary CLO for three years
Ivy Hill Asset Management, the direct lending affiliate of Ares Management, has priced its first CLO primary market transaction in almost three years, completing a $499.3 million new issue backed by loans to middle market companies

CLO captive funds surge as US manager becomes latest to launch
The New York-based manager joins the likes of Kayne Anderson and GoldenTree this year to raise funds to invest in their own CLO equity and warehouse lines

Golub partners with GreensLedge for second reset of 2014 deal
The manager paired with Greensledge on the CLO's first reset in April 2017

Big US CLO investor crystalises gains with $101 million mezz sale
A well-known CLO investor has emerged as a repeat seller of CLO tranches this year, with sources indicating the firm has been monetising gains it made from purchases over the past year

Allstate CLO takes on ESG guidelines following reset
Fair Oaks Capital has laid claim to the first instance of converting a US CLO into an ESG-compliant transaction courtesy of a reset following the reworking of Aimco 2017-A this week

Kayne shows it's able with tight double B CLO print
Kayne Anderson has defied the tide that is pushing double B CLO spreads to 800 basis points by producing a new issue with double Bs pricing at par and paying 625 basis points

Oak Hill injects $28.5 million equity and splits triple Bs in US reset
Oak Hill Partners has injected an $28.5 million of equity in its reset of OHA Credit Partners X-R

Global CLO b-wic round-up: record level of CLO paper stalls rally
Record levels of primary and secondary CLO supply has left investors spoilt for choice and led to the CLO rally stalling

BMO makes new issue CLO breakthrough with first lead arranger role
BMO Capital Markets has completed its first solo CLO assignment as arranger by pricing a middle market CLO for its affiliate BMO Asset Management on Friday

CLO pipeline: busy year, so let's take time to reset
The US CLO market this year has been dominated by new issues and refinancings, but now is the time of the reset judging by this week’s pipeline

Barclays' head of middle market CLOs leaves bank
Barclays' middle market CLO head has parted ways with the bank

Madison matches mid-market tights with first CLO primary deal since July
Madison Capital priced its first CLO deal in eight months on Wednesday, teaming up with Wells Fargo to reset 2017's MCF CLO V for an extra four years of reinvestment

Static CLO funding costs shrink to lowest since 2018 as Palmer Square issues
Palmer Square Capital Management issued a static CLO transaction on Tuesday, with funding costs of just 118.33 basis points over Libor

US CLO league tables: CLOs put on extra weight in February
Deal sizes increase as demand soars

Mid market CLO league tables: Billion dollar reset and tech CLO kick-start issuance
Mid-Market springs to life as winter winds down

Mid market CLO spreads reach tightest point since 2018 as Fortress prices new issue
Four-year triple A spreads on middle market CLOs reached new post-covid tights on Friday as Fortress Investment Group issued a deal with first-pays at just 155 basis points over Libor

Blackstone scores one of tightest ever 2.0 US CLO funding costs
Blackstone Credit has priced one of the tightest 2.0 CLOs ever with funding costs of just 141.61 basis points

PGIM refis 2018 CLO with triple and double Bs wider
PGIM has saved 12.34 basis points after refinancing its 2018 CLO named Dryden 61. Unusually for a refi, the triple and double B notes were wider than in their original issue form