Fresh wave of CLO calls looms as US equity distributions drop
Equity distributions for US CLOs outside their reinvestment period continue to fall as prepayments cut into cashflows

AlbaCore joins European renaissance with new CLO
European credit specialist AlbaCore Capital priced its latest new-issue European CLO on Tuesday, its sixth deal in this asset class

Partners Group follows KKR below 150 for new European CLO
Partners Group has followed KKR in dipping below the 150 level for European triple-As, with a new issue arranged by JP Morgan weighing in at EUR 403.4m on Wednesday

European triple As drop below 150 as KKR prices new CLO
The somewhat limp activity in the European primary market so far in 2024 was given a kick along on Friday with the pricing of Avoca CLO XXIX, a new EUR 402.85m BSL CLO from KKR

European CLO Rankings - January 2024
Our latest rankings for the European CLO market, including arranger and manager league tables

CLOs round-up: Jan 2024 - back with a bang
Our roundup of CLO primary activity in January shows that the market got off to a dramatic start in January, especially in the US BSL space

European CLO primary spreads still have a long way to go
Are European CLO spreads in the primary market cheap or expensive? Our latest research shows that while US managers can celebrate AAAs reaching the 150s, in Europe spreads still have a long way to go to reach historical norms.

Blackstone is back as the largest CLO manager in the world: 2023 manager rankings by AUM
Our full-year 2023 rankings for CLO managers by total CLO AUM are out, with Blackstone moving into top place.

The Caribbean is back on the menu as EU announces removal of Cayman from its blacklist
On 18 January 2024, the European Commission published the Delegated Regulation (EU) 2024163 in the Official Journal of the EU, announcing that the Cayman Islands will be removed from its anti-money laundering list of 'high-risk third countries'

Apollo redeems ALME Loan Funding V CLO via BWIC
Apollo is the seller of the EUR 237m BWIC that was due on 16 January as it liquidated its ALME Loan Funding V CLO

Permira confirms co-heads of credit platform
European alternative credit manager Permira Credit has named David Hirschmann and Ariadna Stefanescu as co-heads, effective immediately, as parent company Permira makes plans to expand the credit business

Expect to see a European MM CLO this year, conference hears
A European middle-market CLO is closer than ever to becoming a reality in 2024, according to the consensus view at S&P Global’s 2024 Structured Finance Outlook

Global CLO rankings - FY 2023
Our full rankings for the global CLO market, including arrangers, law firms and trustees

European ABS and CLOs rally on Fed rates forecast
Trading activity in European ABS and CLOs was strong on Thursday (14 December) after the Federal Reserve signalled it would cut rates in 2024

Palmer Square liquidates 2022 CLO through BWIC
Palmer Square is the seller of a mammoth EUR 350m loan and bond BWIC portfolio that was auctioned last Thursday (4 January) as it has been winding down Palmer Square European Loan Funding 2022-3

Captive equity is still an option as Carlyle raises fund
Despite predictions of poor returns, captive equity funds can still be raised. The latest manager to hit the market is Carlyle Group, the world’s largest CLO manager according to our 3Q23 Creditflux rankings. According to market sources, Carlyle is raising a half-billion-dollar equity fund, which is expected to be complete by the end of the year.

Banks predict steady year ahead
It’s the season for predictions and the CLO market is no exception, with all the banks having their say. We’ve rounded up their forecasts for new issuance and resets in the US and Europe

European ABS and CLOs rally on Fed rates forecast
Trading activity in European ABS and CLOs was strong on Thursday after the Federal Reserve signalled it would cut rates in 2024

November 2023 European Leveraged Highlights
Debtwire today releases the November 2023 European Leveraged Highlights, containing key trends in the leveraged loan and high-yield bond markets

Creditflux CLO Symposium opens for booking
Our flagship CLO Symposium & Managers Awards is now open for registration. We will once again be returning to the Landmark Hotel in London on 15 May for this staple of the CLO community.

The wall is coming down
Refis and extensions have greatly reduced the height of the maturity wall looming over European CLOs in the near term — but, further out, WAL test cushions remain critical

Barings makes it two European CLOs this year
Barings priced its second European CLO of the year last week and its fifth overall of 2023 in a EUR 400.5m transaction

JP Morgan makes it eleven for Palmer Square
Hot on the heels of its fourth European CLO pricing earlier in October, Palmer Square priced its fifth European CLO of 2023 on the last day of the month

Allen & Overy and Shearman & Sterling partners affirm merger
The partnership will help both firms expand internationally while changing the legal landscape