First Eagle confirms appointment of former Prospect CLO investor
First Eagle Alternative Credit has confirmed the hire of experienced CLO investor Nishil Mehta as a managing director.

First Eagle opts to liquidate listed US loan fund
First Eagle Alternative Credit is in the process of liquidating its publicly listed, closed-ended credit fund, First Eagle Senior Loan Fund

First Eagle inserts single Bs in 2019 CLO with reset
First Eagle Investment Management teamed up with Natixis on Friday to reset Wind River CLO 2019-1, upsizing the deal by $9.5 million in the process

Mid market CLO league tables: BlackRock takes new issuance lead with unusual deal via Morgan Stanley
BlackRock became the third mid market CLO manager to price two new issues this year and in doing so took the lead from Golub Capital in mid market CLO new issue league tables

First Eagle swoops for Prospect CLO portfolio manager
First Eagle has hired a former Prospect Capital Management CLO portfolio manager for its alternative credit business in New York

First Eagle and Neuberger Berman score sub-100bp triple A CLO refi spreads
First Eagle Investment Management and Neuberger Berman each priced CLO refis on Wednesday, with both managers placing their triple As at sub-100 basis point spreads

First Eagle teams with BNP Paribas on US CLO
First Eagle Investment Management issued a new $409.7 million CLO on Friday named Wind River 2021-2

First Eagle's first mid market CLO from 2019 gets reset treatment
First Eagle Investment Management worked with Natixis on Monday to reset its inaugural middle market CLO from 2019 named Lake Shore MM CLO I

CLO pipeline: new issue becomes name of game with 14 managers preparing to price
Only $3.2 billion of CLO paper priced globally across all forms of pricings this past week. But the market looks to set to explode back into life with 14 US CLO new issues in the pipeline

First Eagle CLO notches up highest control equity trade on b-wic since at least 2017
The fourth control position in a US CLO was listed yesterday at 12pm EST (5pm UK time) as $33.43 million of Wind River 2017-4, a First Eagle managed CLO, was up for sale along with two other US CLO equity items

$1.25 billion of CLO refis span range of tenors
The CLO primary market absorbed $1.25 billion of refinancings as American Money Management Corporation, First Eagle Investment Management, PGIM and Alcentra priced cost-cutting transactions, with different reinvestment periods across the pack

Five refis add $1.43 billion to CLO market
The CLO primary market has absorbed another $1.43 billion of refinancing paper as five managers printed cost-cutting transactions

Waiting for afters
Day one arb remains important, but last year there were opportunities aplenty in the secondary market, which put the onus on printing CLOs and waiting for the day after non-call periods expired

First Eagle targets $1 billion for direct lending
First Eagle is targeting a $1 billion fundraise for First Eagle Direct Lending Fund V

First Eagle places its largest CLO for two years
First Eagle Investment Management teamed up with Bank of America on Friday to issue its largest CLO in almost two years

First Eagle joins PGIM as only managers to print pre-covid-style refis
First Eagle Investment Management has become the second manager to price a pre-covid style CLO refinancing in the post-covid era, teaming with Credit Suisse to cut the funding costs on three tranches of KVK CLO 2016-1A

Key CLO portfolio manager set to leave First Eagle
A key person named in three legacy THL Credit CLOs, which First Eagle manages following its acquisition, is set to depart in January after 16 years' service at the firm 

First Eagle confirms launch of credit interval fund
First Eagle Investment Management has announced the launch of its credit interval fund, First Eagle Credit Opportunities Fund, which Creditflux reported on in July. The vehicle will invest across public and private credit

First Eagle refinances partially paid-down senior CLO tranche
First Eagle Investment Management has teamed up with Citi to refinance a triple A-rated fixed CLO tranche that has been partially paid down

Fracking servicer FTS files for chapter 11 protection
Fracking servicer FTS International filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas Houston yesterday. The credit is not widely featured in CLOs with only nine managers holding $47.9 million of FTI’s term loans

Global CLO b-wic round-up: CLO lower mezz tightens while equity investors strive for duration
A large supply of CLO paper flooded the secondary market last week as $1.5 billion of US CLO bonds and €370 million of European CLOs were listed, according to CLO-i

(First) Eagle has landed: Morgan Stanley prints breakthrough five-year CLO
First Eagle Investment Management has priced the first regular-way five year reinvestment CLO following the credit market dislocation triggered by the coronavirus pandemic

First Eagle prices one-year mid market CLO
First Eagle has priced its latest CLO backed by middle market loans

First Eagle prepares corporate credit interval fund
First Eagle Investment Management is preparing to launch a new opportunistic credit strategy in the form of an interval fund

First Eagle expands in asset-based lending with two senior hires
First Eagle Investment Management is expanding into asset-based lending and has hired two industry veterans to lead the business