New Mountain prices its second new BSL CLO of the year
New Mountain printed a USD 405.91m US BSL CLO with a coventional 2Y/5Y arrangment via CIBC

Canyon Partners fundraises for its fourth CLO equity fund
Los Angeles-based Canyon Partners is fundrasing for its fourth CLO equity fund with a target that exceeds the last one

Bain prints new BSL CLO at +136bps
Bain printed a new USD 408m BSL CLO deal via Morgan Stanley with triple-As at +136bps

Apollo’s BDC prices massive new US BSL CLO
Apollo Debt Solutions BDC printed a USD 754.70m new issue CLO via Morgan Stanley with Apollo and Morgan Stanley sharing co-placement agent roles

Allstate revisits 2015 vintage CLO a third time with a refi
Allstate Investment Management on Wednesday priced a refinancing of US BSL CLO deal via Nomura

PGIM refinances US CLO deal from 2018
PGIM refinanced a a USD 398.83m US BSL CLO from 2018 arranged JP Morgan

Trinitas prints new US CLO, its 14th deal of the year
Trinitas priced a new US BSL CLO with triple-As at 137bps arranged by JP Morgan

U.S. bank holdings of CLOs drop by USD 2b in 2Q: BofA research
Bank of America research report showed U.S. bank holdings of CLOs declined in 2Q, further winnowing expected in 3Q

Irradiant raises USD 219m for CLO investing
Irradiant Partners raised USD 219m from investors for a CLO Opportunities Fund 

CLO round-up: CLO market sees slight pressure to widen new issue spreads
CLO market saw robust deal activity with some pressure on liability spreads last week

Barings prices its first new middle-market CLO deal of the year
Barings printed its first middle-market CLO of the year sized at USD 340.8m via BofA

Benefit Street sees major tightening with upsized CLO reset
Benefit Street upsized a CLO to USD 463.55m as it reset the deal via Scotiabank 

Diameter prints its third new US BSL CLO of the year
Diamter priced its third new US BSL CLO deal of the year via JP Morgan sized at USD 451.60m

Three becomes five as BlackRock resets 2021 vintage CLO
BlackRock printed a reset of its US BSL CLO Magnetite XXIX today, a 2021 vintage deal noteworthy for its short timeline.

Apollo prints latest CLO in Redding Ridge series
Senior spreads held steady as Apollo prices its second US BSL CLO of the year under the Redding Ridge name

CarVal prices third new US CLO of the year
CarVal printed a USD 510m new US BSL CLO that was arranged by Bank of America

Wells Fargo signals return to CLO investing
US behemoth Wells Fargo is said to be eyeing a resumption of CLO triple A buying

Managers find multiple uses for bond buckets and begin pushing for greater flexibility
Years ago, US regulators changed rules that prevented CLOs from holding bonds. Now managers are slowly taking advantage

Surge in CLO amortisations creates negative net issuance
Data suggests July will be the largest month for US CLO amortisations and liquidations in years

Project finance CLOs target loans to rapidly growing data centre sector
The small but vibrant infrastructure CLO community could see a boost in issuance thanks to a new source of assets — data centre financing

CLO strategies outperform again
In 2023, our index of funds investing in CLO tranches and equity returned 22.9%. In the first six months of this year, the index reached 9.9%, as these funds again delivered outstanding results

Relating arbitrage, issuance and equity
Day one arbitrage remains a key metric for CLO equity investors. But how does the US BSL CLO arb today compare with historical averages? And does the figure impact deals’ equity returns?

CLOs at a glance
CLO issuance table for July 2024

Golub resets and upsizes MM CLO
Golub Capital, working with Wells Fargo as the arranger, has reset and upsized US middle-market deal Golub CLO 28(M)-R

Marathon prints its seventh primary CLO deal of the year
Marathon prices US BSL CLO sized at USD 404.65m