Global CLO b-wic round-up: Palmer Square sets highest cover as double B curve inverts
Palmer Square and MJX set the CLO secondary market trading range, but pickings in Europe were the slimmest they have been in almost five months

Another CLO ETF emerges as Alternative Access unveils senior tranche fund
You wait ages for one CLO exchange-traded fund to emerge and then two come along at once: Alternative Access Funds has launched AAF First Priority CLO Bond ETF, which will take exposure to triple A-rated US CLO tranches

US CLO manager to dance to its own tune with breakthrough CLO equity fund
A large US CLO manager is on the verge of a first close for a fund that will invest in the majority of its CLOs, ending its reliance on third-party CLO equity investors

CLO pipeline: AGL aims high as it prepares fifth new issue of 2020
US CLO managers are sensing opportunities in the CLO market either via new issue CLOs or by refinancing the fixed-rate tranches in their legacy deals

Mid market CLO league tables: Owl Rock rolls past Golub for new issue lead
Owl Rock Capital Advisors priced its third new issue mid market CLO of the year, and its second since the coronavirus pandemic last month, but with a twist

US CLO league tables: refis return as Apollo and Citi maintain leads
US CLO monthly issuance rose above $8 billion in July for the first time since the coronavirus pandemic wreaked havoc across the globe

CLOs at a glance: managers show creative side to price new issues

Acis CLO fights back against risk retention financier
A 2014 US CLO which was part of the acrimonious split between asset managers Acis Capital Management and Highland Capital Management has become the centre of a dispute stemming from a risk retention financing agreement signed in 2018

Fieldwood slips into second bankruptcy as CLOs hold $314 million
CLO managers hold $314.5 million of oil and gas drilling company Fieldwood Energy, which filed for Chapter 11 bankruptcy yesterday for the second time in two years 

US CLO single Bs reach post-crisis tights despite rating pressure
US CLO single Bs are trading at their tightest levels since the coronavirus pandemic outbreak and ,while these bonds make up a tiny slice of the market, more and more instances of single B b-wics are ocurring

CLOs hold $600 million of bankrupt retailer Tailored Brands
Tailored Brands has become the latest US retailer to file for Chapter 11 as a result of the coronavirus-induced pandemic. 37 US CLO managers hold $588.9 million in term loans of the Houston-headquartered firm,

Global CLO b-wic round-up: secondary CLOs rally but dispersion persists
The US CLO secondary market rallied, and spreads compressed last week, but there are still several outliers

Majority equity in BlueMountain US CLO goes up for sale
A majority of the equity in BlueMountain CLO 2018-1 is up for sale tomorrow in a sign that Assured Guaranty could be following through on its plan to change its CLO manager’s issuance model

New asset management firm in Los Angeles acquires rights to 2014 CLO
The CLO management contracts for a 2014 CLO managed by Tortoise Credit Strategies has tranferred to Los Angeles-based manager Ducenta Squared Asset Management

Eaton Vance prices in line with price talk with first CLO in 15 months
Eaton Vance returned to the CLO primary market on Wednesday with its first new issue deal in 15 months

Single A CLO investors fight volatility as market widens
Two single A-rated CLO tranches appear on a b-wic due at 1pm New York time Tuesday, after investors in the volatile rating band faced another week of widening spreads

CLO pipeline: Redding Ridge plans fourth US CLO since March
Last week proved to be one of the busiest weeks of the primary CLO market since the start of the coronavirus pandemic, with $5.21 billion worth of new paper issuance coming through: eight US CLOs, one middle market deal and three euro CLOs

Eaton Vance embarks on annual foray into primary with upcoming CLO
Eaton Vance, one of the most patient issuers in the US CLO market, is marketing its first deal since April 2019, with senior notes guided at market tights

Owl Rock swoops inside Golub triple-As with first lien-only CLO
Owl Rock Capital has priced a first lien-only middle market CLO, via Société Générale

Global CLO trading co-head leaves bank in New York
A CLO trader with over a decade of experience has parted ways with a large US bank

Natixis adds to CLO refi resurgence as it cuts funding costs for TCW
Natixis has priced the second CLO refinancing amid the coronavirus pandemic, bucking the trend by helping managers lower their funding costs despite the wider spread environment

Global CLO b-wic round-up: CLO lower mezz spreads tighten back after volatile two weeks
Secondary CLO spreads in the US and European markets have recovered after moving wider over the last two weeks

Columbia adopts AMR with first new CLO issue since November
Columbia Management has returned to the CLO primary market with its first new issue in over eight months

Double B CLOs on downgrade watch up for grabs as market eyes tightening
CLO double B spread averages tightened 24.44 basis points on Wednesday, ending a 22-day widening streak. On Thursday, a b-wic of seven CLO double Bs goes live at 11am New York time and should clarify if spreads will tighten further

Owl Rock plans first lien loan-only mid market CLO
Owl Rock Capital Advisors is taking a new approach with plans for a middle market CLO formed exclusively of US first lien loans