PGIM prices wide of mezz guidance in return to European primary issuance
The US manager’s first European deal in two years followed the recent trend and showed some weakness in the mezz compared to initial price talk

Trump victory raises hopes for high yield markets, M&A revival
Leverage finance markets cheered Donald Trump’s win on the prospect the former president’s return to the White House will unleash deregulation and M&A, lower taxes and higher economy growth

BlackRock prices US CLO at new 131 AAA benchmark
US BSL CLO triple As reached their tightest levels since early 2022 after the pricing of Magnetite CLO XLII yesterday

Sycamore Tree resets its inaugural CLO
Sycamore Tree Capital Partners has printed a reset of Sycamore Tree CLO 2021-1, the US BSL deal that marked the manager’s first foray into the market

UBS prints a fourth new BSL CLO in Madison Park series
The fourth new Madison Park CLO of 2024 is both large, at over USD 700m, and tight, with triple-As at 134bps

Aegon bucks up with second print in a day
Aegon had a busy day yesterday, pricing both a US CLO reset and this new-issue European deal arranged by Deutsche Bank

European double-Bs continue to narrow with new Sound Point CLO
Sound Point has priced its latest newshowed  issue CLO – its third new European deal of 2024, with year-to-date tight double-B spreads

Generate adds to robust new deal flow with latest US CLO
BSL transaction from Generate Advisors is the fifth new issue this year for the New York-based manager  

Carlyle resets 2021-vintage BSL CLO print
Carlyle has reworked its 2021-vintage that saw spreads remain similar to their pre-reset levels via Barclays  

Post Advisory Group prices second new CLO of the year
LA-based Post Advisory has seen a step-up in activity in 2024 as it prices second CLO of the year via RBC  

Northwestern Mutual makes it three for 2024 with latest new US issue
Northwestern Mutual prices its third new CLO this year with a USD 403.7m US BSL issue via Morgan Stanley   

Birch Grove prints third new US BSL CLO of 2024
Birch Grove Capital's latest CLO has priced with the triple-A notes priced at SOFR plus 139bps

Marathon resets US CLO from 2021
Marathon CLO 2021-17, now called Bryant Park Funding 2021-17R, turned heads three years ago for its use of one of the first SOFR tranches

AGL prices new US BSL CLO
AGL has priced a new US BSL deal. AGL CLO 34 is the first deal to see a reinvestment period tick over into 2030

CLO managers to jump into action as Covanta loan proposal omits spread adjustment
Covanta Holdings is the latest example of a US loan issuer looking to switch benchmark from Libor to Sofr, but without an accompanying credit spread adjustment

Making the grade: CLO managers move into IG bonds
CLO managers have been using the incredible volatility in credit markets this year to add an unfamiliar asset to their portfolios – investment grade bonds

Seeds sewn for carbon credit market to flower into CLOs
Long-time structured credit specialist Jan Phillip Wassenaar has joined start-up NatureCredits as a senior advisor to support the evolving carbon credit industry

"Do not rush to set up a check-box approach with negative screening and start de-investing"
Instead of rushing through an ESG framework, asset managers need to adopt a long- and short-term approach

Axa IM extends palm oil policy to cover ecosystem protection and deforestation
Axa Investment Managers says it is expanding its 2014 policy of excluding investments in companies which do not have sustainable palm oil production certificates by factoring in deforestation and ecosystem protection

The imperfect incorporation of ESG is no excuse not to act
Managers’ legal ESG responsibilities may be vague, but they must still set up a credible strategy

ABS investors show increased interest in green securitisations to reach EU climate targets
Securitisation is being touted as a tool to help close the yearly investment gap of €180 billion needed to achieve the EU’s climate and energy targets by 2030, as identified in the European Commission’s sustainable finance action plan, which was published last year.

THL reissues 2014 CLO recently acquired from KVK
THL Credit Advisors has priced a $407.7 million CLO reissue named THL Credit WR 2014-3K

BlueMountain prices CLO reissue with triple As 2.83bp tight of market average
BlueMountain Capital Management priced its 11th CLO transaction of the year earlier today

CVC reissues 2014 CLO, upping leverage to a huge 17 turns
CVC Credit Partners reissued Apidos CLO XVIII on Friday setting a new record for leverage in a 2018 CLO

Bain enters mid-market CLOs with inaugural pricing
Bain Capital has become a middle market CLO manager after pricing its inaugural deal named BCC Middle Market CLO 2018-1