Spotlight: Data centres - clear skies ahead for cloud providers
Demand for data centres is strong and there is no sign so far that the market is overheating

Things aren’t always what they seem
Buy CLO triple As but don’t be fooled by diversity scores; take a look at credit index futures if you need liquidity; and watch out for quasi-mid market loans appearing in CLOs

Citi cuts 2014 CLO’s triple As to 100bp in latest US refi
Citi has priced a refinancing of a 2014 US CLO, according to market sources

Protection holders look to trigger default on HCR ManorCare CDS
Action follows Debtwire report that lenders have accelerated nursing provider's loans following a covenant breach

Och-Ziff prices triple As at 113bp in $521.8 million US CLO refi
Och-Ziff decides on fixed/floating rate triple-A and double-A rated notes in US CLO refi

BAML prices reset of LCM 2015 CLO
Bank of America Merrill Lynch  yesterday priced a reset of LCM Asset Management’s 2015 CLO LCM XV, according to market sources

Allstate refinances 2014 CLO featuring unusual triple-A notes
Allstate Investments’ Aimco CLO 2014-A has been refinanced in a $483.45 million transaction

Rating outlook: Weighing up interest rate risks
Fitch ratings opens up on what loan issuers can expect to deal with an a rising rate environment

Senior CLO spreads fall to 125bp as Marathon prices refi
Marathon Asset Management yesterday priced a refinancing of a 2014 CLO

Triple-A spreads fall to 114bp as Apollo refinances 2014 US CLO
Another 2014 CLO has been refinanced with market sources indicating that Apollo Credit Management has conducted a refi of ALM XI

Manager crosses the finish line with $364 million CLO refinancing
Marathon Asset Management has priced a refinancing of its 2014 vintage CLO, Marathon CLO VII, according to market sources

Morgan Stanley cuts triple-A coupon by 32bp in US CLO refi
Senior CLO coupon goes from 148bp to 116bp after Morgan Stanley refinances a 2014 US CLO 

Jefferies prices two CLO resets in quick succession
Jefferies’ CLO arranging team has capped a busy end to the week by pricing two resets in quick succession, according to market sources

US fashion stores: queueing up to exchange old debt
Fashionably loose covenants are allowing under-pressure retailers to turn expensive unsecured debt into senior notes

BAML doubles up (again) on CLO refis for large US credit manager
ank of America Merrill Lynch has once again priced a pair of CLO refinancings for Fortress Investment Group, according to market sources

CLO triple-A spreads hit 115bp after Citi refinances 2014 US deal
Citi has refinanced a US CLO which, when it was originally launched in 2014, had priced tight relative to the market

US primary CLO market starts up again as global manager prices refi
The US CLO primary market got back up and running earlier today following the ABS Vegas conference, according to market sources

BAML refinances two CLOs in a day for heavyweight global manager
Bank of America Merrill Lynch has priced two refinancings in a single day for a global CLO manager, according to market sources.  

Citi cuts triple-A coupon by 37bp as it refinances manager's 2013 CLO
Citi has cut a 2013 vintage CLO's financing costs dramatically in a $419 million refinancing, according to market sources

Oaktree becomes latest manager to price CLO refi in $412.5 million deal
Oaktree Capital Management has joined the long list of managers to complete a CLO refinancing in 2017, after pricing a $412.5 million deal earlier today