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Jefferies brings two CLOs to market and takes US CLO arranging total past $20 billion
4 years ago
Jefferies has brought two CLOs to market to take its arranging total past $20 billion -
Ares and Wellfleet partially refi legacy CLOs
4 years ago
Ares Management and Wellfleet Credit Partners partially refinanced a legacy CLO each Wednesday night via Goldman Sachs and Citi, respectively -
Morgan Stanley EV resets post-Assurant CLO with tighter stack
4 years ago
Morgan Stanley Eaton Vance CLO Manager has completed a $416 million CLO reset, its second in under a month -
Two degrees of separation as Octagon solidifies Barclays partnership with 2020 CLO reset
4 years ago
Octagon Credit Investors has been quick to reset a CLO that it priced just over a year ago, giving Octagon Investment Partners 50 a three-year extension. -
CLO resets drive equity returns to highest in five years: JP Morgan
4 years ago
Equity investors in US CLOs are earning, on average, the biggest returns of the past five years, finds JP Morgan – with deals reset this year having done most to raise the numbers -
Blackstone resets 2020 CLO amid signs of double B fatigue
4 years ago
Blackstone Credit yesterday reset Reese Park CLO in a deal suggesting demand for CLO double Bs is beginning to wane -
Benefit Street upsizes 2019 CLO by over $50 million with new reset
4 years ago
Benefit Street Partners has teamed up with JP Morgan to reset Benefit Street Partners CLO XVIII, upsizing the deal by over $50 million in the process -
NYL and TCW each refinance legacy CLOs
4 years ago
New York Life Investment Management and TCW Group each refinanced a CLO on Thursday, with the two deals together worth almost $700 million -
Refi deluge casts shadow on b-wics
Refis and resets are cutting CLO lifespans short, which means there is less need to sell in the secondary market. Still, there are relative value opportunities in IG bonds and equity tranches4 years ago -
CIFC, Generate and Monroe secure combined $1.3 billion CLO resets
4 years ago
CIFC Asset Management, Generate Advisors and Monroe Capital each reset a CLO on Monday with the three deals amounting to $1.34 billion -
Nuveen and Sixth Street turn CLO reset attention to older deals
4 years ago
Nuveen and Sixth Street both reset an older vintage CLO on Friday, with the two managers reworking $850 million worth of legacy transactions -
AIG, Five Arrows and Whitebox join CLO reset gravy train
4 years ago
AIG Asset Management, Five Arrows Managers and Whitebox Capital Management have all reset CLOs, with the three deals amounting to $1.16 billion -
BlackRock prints tightest CLO reset in over seven months
4 years ago
BlackRock reset its late 2020 CLO named Magnetite XXVIII via Barclays on Wednesday and scored the tightest debt execution for a reset in over seven months -
AGL upsizes late 2020 CLO by $25 million with reset
4 years ago
AGL Credit Management reset its late 2020 CLO named AGL Core CLO 8 on Wednesday, upsizing the deal by $25.38 million -
Four CLO managers reset or reissue $2 billion worth of CLOs
4 years ago
CBAM, Marble Point Credit Management, Oak Hill Advisors and Sound Point Capital Management have each reset or reissued a CLO, with the four deals totalling over $2 billion -
ArrowMark refinances 2017 CLO triple A notes
4 years ago
ArrowMark Partners teamed up with Bank of America on Friday to refinance the triple A tranche of its legacy CLO named Elevation 2017-8 -
Canyon upsizes 2019 CLO by $25.5 million with reset
4 years ago
Canyon Capital has upsized a 2019 CLO by $25.5 million after resetting the deal on Friday -
Golub passes $2 billion 2021 CLO volume as it refis 2019 deal
4 years ago
Golub Capital has opted to partially refinance its 2019 vintage US CLO Golub Capital Partners 40(B) -
Ares, Hayfin and Octagon reset $1.4 billion of CLOs
4 years ago
$1.4 billion of US CLO resets priced on Thursday after Ares Management, Hayfin Capital Management and Octagon Credit Investors each reworked a legacy transaction -
Managers make rare capital structure rejigs with 2020 CLO refis
4 years ago
Two CLO managers have refinanced 2020 CLOs while taking the rare step of altering the deals' capital structures -
JP Morgan arranges $1.5 billion of CLO resets for three managers
4 years ago
JP Morgan has arranged a cumulative $1.5 billion of CLO resets by printing deals for Allstate Investment Management Company, Pretium Partners and Orix Advisers -
Debt investors agree to nine-month call lock in Anchorage CBO refi
4 years ago
Anchorage Capital Group refinanced the mezzanine debt of its 2019 bond-heavy CLO named Anchorage Credit Funding 9 on Friday -
Zais CLO reset prices wide of market, but strong portfolio boosts junior tranches
4 years ago
Zais Group has followed up its new issue CLO last month by resetting a 2020 CLO, sources say. Just like Zais CLO 17, the reset Zais 16 was arranged by Jefferies, and again priced substantially wide of market averages. However, the junior notes priced in line with, and at times tighter than, Zais 17 – perhaps reflecting the strong positioning of Zais 16’s portfolio. -
Apex refinances triple A-free CLO from 2019
4 years ago
Apex Credit has refinanced an unusual CLO from 2019 that was structured without triple A-rated debt liabilities -
AMMC lowers 2020 CLO funding costs by 48bp with refi
4 years ago
American Money Management Corporation refinanced its late 2020 CLO AMMC 23 on Wednesday, lowering the deal's funding costs by 47.99 basis points in the process
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