Staples CDS comes unfastened as refinancing talks begin
CDX HY index constituent Staples is one of the biggest movers in CDS this week, following reports private equity owner Sycamore Partners plans on taking a $1 billion dividend recap from the US headquartered office supplier

LCM partially refinances 2015 CLO with triple As at 124bp
LCM Asset Management has teamed up with Morgan Stanley to partially refinance the senior debt of its 2015 CLO LCM XIX

Ares plans $509.6 million CLO reset with JP Morgan
Ares Management is preparing to price a $509.6 million CLO reset this week, a deal which should see the west coast become only the second to price four CLO transactions in 2019 after Octagon Credit Investors

Garrison joins handful of managers to price a CLO reset this year
Garrison Investment Group on Friday joined the exclusive list of managers to price a CLO reset this year by reworking its 2016 deal Garrison BSL CLO 2016-1

Managers back AMR following CLO auction improvements
Applicable margin reset (AMR) protocol, though untested as yet, is beginning to gather steam in the CLO industry

Octagon prices CLO reset with triple A controlling class condition
Octagon Credit Investors teamed up with Bank of America Merrill Lynch on Friday to reset its 2015 vintage CLO named Octagon Investment Partners XXIV

CLO refi spreads shift wider as Apollo reworks 2016 deal
The US CLO refinancing market has moved drastically wider over this month, suggesting that the CLO term curve is flattening out

PGIM prices largest CLO transaction since May in billion-dollar reset
PGIM priced 2019’s biggest CLO transaction so far yesterday with a $1.01 million reset arranged by Goldman Sachs

Sound Point cuts funding costs on 2016 CLO with $643.5 million refi
Sound Point Capital Management has refinanced its 2016 vintage deal Sound Point CLO XII

Sound Point shrugs off flat CLO curve as it targets 43bp tighter triple As with refi
New issues have been the main source of business in the US CLO market this year with market sources divided over the merits of CLO refinancings

US CLO refi highlights 4bp roll down on term curve
TCI Capital Management refinanced its 2016-1 CLO last week via BAML on Friday, with pricing revealing a 12 basis points differential between two-year CLOs and five-year deal

Equity investors eye resets as they focus on 2014 CLOs
US CLO resets will be favoured over refinancings this year, with equity investors keen to give CLO managers as much flexibility as possible to capitalise on a distressed wave — whenever it may arrive

Octagon prices 2019's first reset as Nomura begins to fulfil CLO promise
Octagon Credit Investors has teamed up with Nomura to reset 2014’s Octagon Investment Partners XXI for five years additional reinvestment

Octagon and Nomura look to open 2019 CLO reset market
Octagon Credit Investors has emerged as the first manager to attempt a CLO reset in 2019

Oaktree partially refinances 2016 CLO, cutting triple A spread by 33bp
Oaktree Capital Management partially refinanced its 2016 deal named Oaktree EIF III Series I earlier this month

World’s largest CLO restructures by adding junior debt
The world’s largest corporate loan CLO has been restructured with junior debt tranches being incorporated into the capital structure

Oaktree plans $473 million refi of 2016 CLO
Issuance may have slowed across the CLO market as year-end approaches, but Oaktree Capital Management is in the market with a refinancing of 2016’s Oaktree EIF III Series I

Spreads widen as CIFC prices $470 million CLO refi via Citi
CIFC Asset Management priced its 15th CLO transaction of the year on Friday, with a $470 million refinancing of CIFC Funding 2015-IV

Barings refinances benchmark CLO from 2016
Barings refinanced its benchmark deal Barings CLO 2016-II on Friday

Symphony resets and upsizes 2014 vintage CLO
Symphony Asset Management teamed up with BNP Paribas on Friday to price its sixth CLO deal of 2018

Deutsche Bank refinances CLO backed with trade finance assets
Deutsche Bank has brought a $3.5 billion CLO backed by trade finance that includes a first-loss piece issued at par

Saratoga gets experimental with structure as it resets sole active CLO
Saratoga Investment Corp is back in the CLO primary market with its first transaction in two years

GSO scores quarterly refi tights with its 24th CLO of the year
GSO Capital Partners priced its 24th CLO transaction of 2018

Carlyle resets its oldest active CLO in reworking of 2012 deal
Carlyle Group has priced its 23rd CLO transaction of the year following a $561 million US reset arranged by Citi yesterday, according to market sources

AMMC resets 2016 CLO with triple As printing at 126bp
American Money Management Corporation was back in the CLO primary market yesterday, hiring Mizuho Securities to reset of AMMC CLO XV