Kayne Anderson prices US CLO in line with experienced issuer as triple As tighten
Kayne Anderson underlined its position as one of the leading CLO issuers among the new generation of CLO managers, pricing a US CLO on the same day as PGIM

2016 MidOcean CLO suffers downgrade to triple C amid par losses
Moody’s has downgraded the junior-most debt tranche in MidOcean Credit CLO V to Caa1

Senior portfolio manager leaves Octagon ahead of move to rival CLO issuer
A CLO portfolio manager has left Octagon Credit Investors with market sources indicating that she is heading to a rival CLO issuer in New York

ArrowMark notches broadly syndicated loan CLO for first time since 2018
ArrowMark Colorado Holdings has brought its first market-standard new CLO since October 2018

Apollo mid-market CLO arm prices first reset
MidCap Financial, the middle market CLO manager affiliated with Apollo, today priced its first CLO reset

CLO industry pushes back against NAIC's combo note proposals
A fight is brewing over the National Association of Insurance Commissioners’ proposals to tighten regulations for insurers that buy purchase CLO combo notes

CLOs feel flat after housing $335 million of bankrupt RentPath
CLOs house $334.5 million of the debt of RentPath Holdings, which filed for Chapter 11 in the US Bankruptcy Court for the District of Delaware on Wednesday

Charitable daf "seeded by Highland" files lawsuit alleging CLO mismanagement
A charitable organisation has filed a lawsuit against several parties managing and monitoring a pair 2.0 CLOs in which it has exposure to the equity tranche

Second TPG CLO tranche drops to triple C in just three weeks after Moody's downgrade
Moody’s has downgraded a second tranche of a CLO managed by TPG to Caa1 citing par loss

CLO pipeline: new loves kindle as managers finish with old flames
US new issue CLO paper is back on the agenda after a January dominated by refinancings. 14 new deals are in the pipeline, but refis are holding steady with eight of these in the works. CLO refinancings have been the front runners this year, with 22 CLO refis versus 12 new US CLOs. 

Nomura set for CLO breakthrough with new issue mandate
Nomura’s re-entry into CLO origination has reached a milestone with the bank marketing a new issue transaction for a top-10 manager

CVC resets 2016 US CLO
CVC Credit Partners joined Credit Suisse Management in resetting a 2016 vintage US CLO via Barclays on Friday

Beneath the triple C: $1 billion of CLO credits take a dive
$957.9 million worth of loans held by CLOs suffered downgrades to triple C last month, with a further $442.1 million of existing triple C credits getting knocked lower still, according to the latest trustee reports on CLOi.

Flurry of US CLO refis takes year's tally to 16
Four US CLO refinancings took place on Friday, underlining that 12- to 18-month deals can price their senior liabilities in the low 100s

CLO pipeline: make some noise for repricings
CLOs may be a bit late to the spread-tightening party, but a hoard of CLO repricings is aiming to make up for it by sheer volume

US CLO league tables: old deals get a fresh start in the new year
The majority of CLO issuance last month was in all forms of repricings, which totalled $4.8 billion and accounted for 54.5% of US CLO volumes

PGIM refinances 2016 vintage CLO acquired from Columbia
PGIM has refinanced a 2016 vintage CLO it bought portfolio management rights for in 2018, according to market sources

US CRE CLO growth spurt encourages Europeans
The US CRE CLO market hit a record $19.2 billion in 2019 and sources say that a first ever European deal will be issued this year. They cite the growing commercial mortgage direct lending market on the continent as laying the foundations for a European CRE CLO.

Senior CLO officials leave Guggenheim's brokerage as it sharpens focuses on ABS
A senior CLO trader and CLO origination official have left Guggenheim Securities, according to market sources

Moody's cuts Octagon CLO tranche to Caa2 citing low expected recovery rates
The class F notes of a 2014-vintage CLO managed by Octagon Credit Investors have been downgraded to Caa2 by Moody’s

Canaras makes CLO return with first new issue since July 2018
Canaras Capital Management has made its big CLO comeback after 18 months, pricing a new issue deal via Jefferies named Saranac CLO VIII

Global CLO round-up: welcome back, give us a (refi) wave
Tighter corporate credit spreads means new issue volumes are down, but it makes a decent entry point for new CLO managers to price deals and also makes refinancing CLOs imperative

CLO funding costs drop thanks to tighter mezz as Brigade prices US deal
Brigade Capital Management priced its latest CLO offering named Battalion CLO XV via Bank of America yesterday

CLO pipeline: a refi of nine cuts time (and margins)
Nine US CLO managers are preparing to refinance one of their CLOs to lower financing costs

Global CLO b-wic round-up: equity, equity everywhere, but trading volumes sink
For the second week in a row, over $230 million of US CLO equity went on sale and multiple control equity positions were listed in the CLO secondary market