CLO round-up: sentiment improves as multiple breakthrough transactions emerge
New CLO formation slowed this week in the US, while Europe had its second zero-issuance week of the quarter. But there were three major developments: the first CLO refi in15 months, a major investor's first entry into a CLO at the reset stage, and the first middle market CLO arranged by Goldman Sachs.

Nochu enters Redding Ridge-managed CLO at reset stage as two 2022 deals merge
Redding Ridge Asset Management priced the largest transaction of the year in the BSL CLO market after merging two 2022-vintage print-and-sprint CLOs

US CLO league tables: Palmer Square back on top as BofA marches on
Palmer Square Capital Management retook the lead of the US CLO manager league tables for the first time since January

Global CLO league tables - May 2023 YTD
Global CLO league tables - May 2023 YTD

US CLO league tables: BofA takes CLO lead as new issues keep calm and carry on
US CLO issuance dropped last month as the banking crisis gripped financial markets when Silicon Valley Bank and Signature Bank failed and troubled Credit Suisse was sold for below market value

Global CLO league tables - April 2023 YTD
Global CLO league tables - April 2023 YTD

US CLO league tables: JP Morgan knocks BofA off top spot and Invesco displaces Palmer Square

28 US CLO managers braved the waters in February and between them, they brought over $12 billion of new issuance to market. This takes the manager base this year to 39 already

Global CLO league tables - February 2023 YTD
Global CLO league tables - February 2023 YTD

Redding Ridge adds five-year US CLO to its 2023 issuance
Redding Ridge Asset Management has become the first US CLO issuer to price two reinvesting CLOs in 2023. 

Redding Ridge goes for three-year reinvestment period in latest CLO
Redding Ridge Asset Management priced a new three-year reinvestment CLO on Wednesday

Redding Ridge prints static CLO with a number of unusual structural features
A portion of RR 24's triple A-rated loan tranche can convert to notes, but only up until 21 December

US CLO pipeline: Capital Four and GoldenTree structures emerge as pipeline builds
Four more US CLO managers are marketing new issue CLOs to join three holdovers in the pipeline this week

Global CLO league tables - October 2022 YTD
Global CLO league tables - October 2022 YTD

Global CLO league tables - September YTD
Global CLO league tables - September YTD

CLO x-rays reveal chapter 11-diagnosed borrower
18 CLO managers hold $380.2 million debt of medical imaging and non-destructive testing product provider Carestream Health, which on Tuesday filed for chapter 11 bankruptcy protection in the US Court for the District of Delaware. The firm entered into a restructuring support agreement to slash its debt by around $470 million

CLOs at a glance (August 2022)
A listing of CLOs that have priced in the last month

Redding Ridge prices fourth US new issue CLO of 2022
Redding Ridge Asset Management, the CLO manager arm of Apollo Global Management, returned to the primary CLO market on Friday

CLO triple As fetch new wides as Redding Ridge prints at 220bp
CLO triple A notes reached new wides on Thursday as Redding Ridge Asset Management placed its latest CLO's first pay notes at Sofr plus 220 basis points

Redding Ridge prices $404 million print and sprint CLO
Redding Ridge Asset Management has priced a new CLO via Natixis named RR 21

CSAM does the CLO awards double
Winning the Creditflux Manager of the Year award is a feat in itself. Winning it back-to-back in such different markets is an outstanding achievement — and CSAM can take great pride in it

Experienced US CLO banker leaves Citi ahead of Redding Ridge move
Redding Ridge Asset Management is adding more CLO banking experience to its team with a big hire from Citi 

Envision exchange leaves some lenders sick, but CSAM finds prevention is better than cure
Envision Healthcare’s distressed debt exchange has rocked the CLO market, with over $1.68 billion of the firm’s loans held by US CLOs. But some of the largest managers have avoided the name completely 

Convertibles specialist moves into CLO management with Apollo support
Convertible bonds specialist Advent Capital Management is moving into US CLO management with support from Apollo Global Management