HPS inserts loan tranche in European CLO reset
European CLO loan tranches have made another appearance as HPS Investment Partners' resets a 2019 European CLO, Aqeuduct European CLO 2019-3

Bardin Hill refinances triple A notes of 2017 CLO to 108bp
Bardin Hill Investment Partners refinanced the triple A notes of Halcyon Loan Advisors Funding CLO 2017-2 on Monday

PineBridge prices fourth European CLO reset of 2021
PineBridge Investments has taken its European CLO 2021 volumes to €1.39 billion after the London-based manager paired with JP Morgan to reset its 2015 deal, Euro Galaxy IV

PGIM opts for short-dated reset of 2017 European CLO
PGIM has opted for a short-dated reset on its 2017 European CLO, Dryden 52

Canyon splits triple As into senior and junior notes following CLO refi
Canyon Capital teamed with Barclays on Friday to refinance the entire stack of Canyon CLO 2019-1

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

HPS joins group of managers to upsize CLO equity with reset
HPS Investment Partners has joined the burgeoning group of CLO managers to upsize their equity tranche following a CLO reset

AGL and PGIM reset and upsize 2020 CLOs
AGL Credit Management and PGIM are the latest managers to reset post-covid CLOs issued in 2020, with both managers opting to upsize their deals

Euro CLO triple As widen as market participants expect spreads to hit 100bp
European CLO triple As are leaking wider with CSAM and KKR resets the latest to demonstrate this - and some anticipate spreads could widen to 100bp, leading to a potential slowdown

CLO equity fluctuates as resets trigger upsizes and downsizes
A once-rare move of CLO issuers upsizing or downsizing their equity tranches in resets is entering the mainstream

US CLO triple As and mezz move out of sync as Fidelity and Voya refi
Triple A and mezzanine CLO tranches told different stories yesterday as two US CLOs, with very different profiles, refinanced

CVC scores tightest CLO refi print since April
CVC Credit Partners refinanced its 2017 CLO named Apidos XXVII on Tuesday, scoring the tightest triple A refi print since early April of just 93 basis points over Libor

Golub downsizes equity tranche by $11.3 million in reset of 2013 CLO
Golub Capital Partners has cut the size of the equity tranche in its middle market CLO in a rare move

Crescent and CSAM price $1 billion of CLO refis
Crescent Capital and Credit Suisse Asset Management brought two CLO refinancing transactions on Friday, boosting supply by $979.5 million

Two managers reset huge 2017 CLOs, boosting supply by $2.25 billion
Ares Management and CBAM have each priced resets of CLOs issued in 2017, adding $2.25 billion of supply to the market

Euro refi CLO triple As hit 78bp - 1bp wider than 5yr deal in March
Cairn Capital partially refinanced its 2018 European CLO Cairn CLO X, highlighting the widening trend in triple As but tightening in mezz refi notes

AB cuts 2019 CLO's funding costs by 42.5bp with refi
AB has refinanced its 2019 middle market CLO named ABPCI Direct Lending Fund V via Natixis, lowering the deal's cost of debt by 42.5 basis points

PineBridge prints $460 million refi of 2013 CLO
PineBridge Investments priced a $459.2 million CLO refi via Royal Bank of Canada on Wednesday

"Fat" triple Bs come to mid market CLOs via Maranon
"Fat" triple Bs have arrived in middle market CLOs after Maranon Capital reset its 2018 deal Maranon Loan Funding 2018-1 via Wells Fargo on Monday

CVC pairs with Goldman to market Euro CLO refi
CVC is pairing with Goldman Sachs to refinance a 2017 European CLO, in a deal that will merge some of the original asset classes

BlackRock adds to Euro CLO deal size with reset
BlackRock has reset a 2017 vintage CLO, increasing the deal size slightly and offering a higher return on the lower part of the capital structure

Napier Park resets post-reinvestment CLO via Nomura
Napier Park Global has reset its 2016 CLO named Regatta Funding VII, five months after the deal left its original reinvestment period

GoldenTree refis irregular 2012 CLO
GoldenTree Loan Management refinanced the double A notes of its irregular CLO named GoldenTree Credit Opps 2012-1

Not all resets created equal as some managers opt to keep triple C exposure high
A split is emerging in the CLO market, with some managers choosing to keep triple C concentrations elevated following a refinancing or reset transaction. As part of the trend, which began this month, some deals even refinanced while being in breach of portfolio concentration limits, typically set at 7.5% by rating agencies

Aegon and ICG partner with Citi for US CLO resets
Aegon USA Investment Management and Intermediate Capital Group each teamed up with Citi on Thurdsday to print a CLO reset