Santander continues push into CLO structuring with new refi
Sculptor Capital Management last week priced its first deal of 2024, continuing Santander's rapid growth as an arranger, coming just days after its first lead arranger credit on Z Capital Credit Partners BSL CLO 2024-1

Bain goes back to its MM beginings with reset of BCC Middle Market CLO 2018-1
Bain Capital Credit delved into the archives for its latest deal, with a reset of its first-ever middle market offering, the 2018-vintage BCC Middle Market CLO 2018-1, pricing on Wednesday

CLO market round-up: holiday cheer hits as US senior spreads move in
The holiday period saw a brace of end-of-year US deals pricing, with a range of new issues, resets and a refi to lead the market into 2024, and senior spreads move firmly back in the 160s.

MidCap goes minimalist for mid-market deal
MidCap Financial, an Apollo affiliate, has priced a new middle market CLO called MFIC Bethesda CLO 1

Aquarian prints first new Gallatin CLO in over five years
Aquarian Credit Management has priced the first new issue from its Gallatin shelf of CLOs in over five years

Loan market says goodbye to Libor in legacy contracts
In July, after 37 years of widespread use as the underlying base rate for contracts, the London Inter-Bank Offered Rate will finally be ditched by the majority of the leveraged loan market.

CLOs hit by bankruptcy of Envision as zero recovery predicted for first lien loans
Envision has joined the growing number of companies to have filed for Chapter 11 bankruptcy. The emergency medical services company, which has been owned by KKR since 2018, announced on 15 May that it was entering a restructuring support agreement.

Former Symphony chairman Stein returns to lead CLO business at large asset manager
Well-known CLO business builder Gunther Stein is set to join a large CLO issuer after four years away from the market 

WhiteStar absorbs yet more CLO contracts
WhiteStar Asset Management has underlined its status as one of the leading acquirers of CLO platforms in recent times

Senior global CLO trader leaves JP Morgan after 20 years
A senior global CLO trader has parted ways with the bank after two decades

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.

JPY CLO repacks re-emerge as manager plans new US CLO
Moody's has assigned a provisional rating for a JPY CLO repack, the first it has rated since August 2018

Pimco promotes global lev fin and CLO head to managing director
Pimco's leveraged finance head is one of five senior officials promoted to managing director

Managing director leaves US CLO trading role at Goldman Sachs
An experienced US CLO trader has parted ways with Goldman Sachs in New York, according to market sources.

Senior CLO officials leave Credit Suisse ahead of move to Canadian bank
Credit Suisse’s CLO operations have been hit with two senior figures leaving the bank

Experienced CLO investor set to leave Tetragon
A well-known CLO tranche investor is set to leave Tetragon Credit Partners.

Starting Clover: Blackstone completes AIG CLO acquisition with rebrand
Covenant CLO Advisors, the investment manager of AIG’s CLOs, has rebranded to Clover CLO Advisors and is now a Blackstone affiliate

Barrow Hanley and Whitebox think alike to launch US CLOs
Two US CLO managers pricing deals within 24 hours of each other is far from uncommon. But when Whitebox Advisors priced its comeback CLO last week on Thursday it could hardly have fathomed that a sibling CLO from Barrow Hanley would price just hours later

Ivy Hill climbs back into CLO market after Natixis plants mid-market deal
Ivy Hill Asset Management is back with its first middle-market US CLO in two years 

Blackstone buys $3.6 billion US CLO manager
An affiliate of Blackstone has entered into a purchase and sale agreement to buy a CLO management business 

Sound Point holding CLO M&A talks which could catapult it to fifth-largest manager
Sound Point Capital Management is locked in talks with a large, global CLO manager over a deal that could take its CLO AUM north of $36 billion

Parallel CLO tranche sinks deeper into triple C
Parallel 2015-1’s junior-most debt tranche was downgraded to Caa3 late last year by Moody’s

Brightwood prices sole CLO reset in second half of 2022
Brightwood Capital Advisors reset its 2020 middle market CLO named Brightwood MM CLO 2020-1 on 21 December, in the process completing the only CLO reset in the second half of 2022

Bain holds final close on $650 million fund to buy own CLO equity globally
Bain Capital Credit has closed its second captive equity fund with $650 million commitments, thought to be among the largest manager-controlled CLO equity funds raised