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Guggenheim splits double Bs and merges triple As in US CLO refi
4 years ago
Guggenheim Investments refinanced Guggenheim 2019-1 on Tuesday night via MUFG and opted to split its double B-rated D tranche in doing so -
AGL upsizes debut CLO by $54 million with reset
4 years ago
AGL Credit Management reset its debut CLO from 2019 named AGL CLO I on Friday, upsizing the deal by $54 million in the process -
CLO refi and reset volumes surge with $2.3 billion priced on Friday
4 years ago
CLO refi and reset volumes surged on Friday with $2.3 billion priced across the US market, according to market sources. Brigade Capital Management, MidOcean Credit Partners and New Mountain Capital reset regular-way CLOs, Blackstone Credit scored a regular CLO refi, Sculptor Capital Management refinanced a bond-heavy CLO, and Ivy Hill Asset Management reset a middle market CLO -
GoldenTree and Oaktree root out older CLOs for refi
4 years ago
GoldenTree Loan Management and Oaktree Capital Management each refinanced a CLO on Thursday with the two deals amounting to $1.14 billion of issuance -
Busy KKR prints new US CLO and refinances another
4 years ago
KKR Credit had an active day in the CLO primary market on Wednesday, printing one new CLO and refinancing another -
Carlyle and Fort Washington add to surging CLO refi volume
4 years ago
Carlyle Group and Fort Washington has each refinanced a 2019 CLO at over $500 million -
Fidelity produces rare 2020 CLO refi as Benefit Street reworks 2017 deal
4 years ago
Benefit Street Partners and Fidelity Investments each priced a CLO refinancing on Monday, with the two deals worth a combined $896 million -
CLO reset surge extends with over $1.7 billion pricing on Friday
4 years ago
CLO reset supply was elevated for a second consecutive day on Friday as $1.7 billion priced across four deals -
CLO resets top $2 billion for second day this week
4 years ago
CLO reset volume topped $2 billion on Thursday as Antares Capital Management, CIFC Asset Management and Shenkman Capital Management each reworked older deals -
PPM resets late 2020 CLO via Credit Suisse
4 years ago
PPM America teamed up with Credit Suisse on Wednesday to reset its late 2020 deal named PPM CLO 4 -
Aegon cuts 2019 CLO funding costs by 28bp with refi
4 years ago
Aegon USA Investment Management refinanced its 2019 CLO named Cedar Funding X on Wednesday, tightening the deal's capital structure by 28 basis points in the process -
Invesco, Napier Park and Oaktree refinance 2019 CLOs
4 years ago
Three CLO managers - Invesco, Oaktree Capital Management and Napier Park Global - have each refinanced a 2019 CLO, with the three deals totalling over $1.5 billion -
CLO resets flood in with $2 billion printing across five deals
4 years ago
Five US CLO resets priced between Friday and Monday for a total volume of over $2 billion, covering a wide array of managers and different CLO vintages -
GoldenTree, Steele Creek and TCW hit primary CLO market to rework legacy deals
4 years ago
GoldenTree Loan Management, Steele Creek Investment Management and TCW Group all took to the CLO primary market on Friday to rework legacy CLO transactions -
New issues take a backseat as US CLO market absorbs three resets and a refi
4 years ago
CLO primary market activity was briefly diverted away from heavy new issue supply on Thursday and attention turned to resets and refinancings, with four deals printing in total -
Barings joins group of 2020 CLO resetters
4 years ago
Barings has reset the first of the four CLOs it issued towards the tail end of 2020, teaming with Bank of America to rework Barings CLO 2020-I -
PGIM upsizes late 2020 CLO by over $50 million
4 years ago
PGIM has teamed up with BNP Paribas to reset its September 2020 CLO named Dryden 85, upsizing the deal by $51.6 million in the process -
Marble Point resets post-covid CLO from 2020
4 years ago
Marble Point reset its August 2020 CLO named Marble Point XVIII on Friday, upsizing the deal by $10 million in the process -
$1 billion CLOs refinanced as Carlyle, Carlson and Z Capital print deals
4 years ago
Over $1 billion CLO refinancings priced on Friday after three managers took to the primary market to refinance deals -
Canyon resets another 2020 CLO
4 years ago
Canyon Capital has reset its second short-dated 2020 CLO, completing its reset activity of post-covid 2020 transactions -
Elmwood upsizes 2019 CLO following $470 million reset
4 years ago
Elmwood Asset Management reset its 2019 CLO named Elmwood CLO 3 on Friday, upsizing the deal by $3 million in the process -
Neuberger Berman, Sculptor and First Eagle tap CLO refi market
4 years ago
Three CLO managers refinanced 2019 CLO paper worth a total of $1.44 billion on Friday -
Ares refis former Crestline Denali CLO debt via Natixis for third time
4 years ago
Ares Management has refinanced the senior-most tranches of a 2016 CLO it bought from Crestline Denali last year -
"If you sat still on a large portfolio of 2019 and 2020 CLOs, it may have shrunk by more than 25%"
With the majority of this year’s CLO deals being refis and resets, investors have had to run to stay invested4 years ago -
Assured cuts funding costs of 2016 CLO by 21bp with refi
4 years ago
Assured Investment Management has cut the funding costs of its 2016 CLO named BlueMountain 2016-2 by 21.1 basis points in refinancing the deal via Citi
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