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US CLO pipeline: Dispersion comes to fore, while Capital Four goes static
3 years ago
The CLO market is heating up once again after the summer lull and pricing has tightened, with at least three US CLO managers looking to match or even best Palmer Square Capital Management’s triple A print of 200 basis points -
US CLO pipeline: What takes your fancy? Three years, four years or the full five, we’ve got it all
3 years ago
If you’re looking to invest in a reinvesting CLO, then you have your choice of length as the US CLO pipeline begins to fill with five more forthcomings join four holdovers -
US CLO pipeline: Blackstone goes for 10 with tightest triple As of August
3 years ago
Blackstone Credit is marketing its latest CLO, Storm King Park, which will be the manager’s tenth US new issue of the year -
US CLO pipeline: like a (Center)bridge over troubled water
3 years ago
A large asset manager is marketing its first US CLO at a time of volatility in the underlying loan market. Whereas other funds build walls, CLOs build bridges -
CLO pipeline: only way is up after tier one price talk hits new wides
3 years ago
There is a build up of nine deals in the US CLO pipeline as the market heads to a CLO conference in Las Vegas. -
CLO pipeline: large managers defy loan drought to keep market moving
3 years ago
US CLO senior spreads may have blown out to 180-190 basis points over Sofr for five-year deals, and even wider for short-dated new issues, but that will not stop the market from soldiering on -
CLO pipeline: deals come in two by two hurrah! hurrah!
3 years ago
It is raining CLOs in February and some issuers are preparing for the deluge by printing deals at the double -
CLO pipeline: US manager base poised to hit 119 and Europe 57
3 years ago
The CLO market is open to newcomers as both the US and European are set to welcome first time CLO issuers – BlueBay Asset Management in the US and Acer Tree Investment Management in Europe -
CLO pipeline: biggest managers come to market as Rockford Tower sets sight on CBO
3 years ago
The Sofr-era of CLOs is well and truly upon us judging by the pipeline, with 14 US CLO managers marketing their first Sofr CLOs. and six European CLO managers are locked in a race to bring the first new issue of 2022 -
CLO extremes will do well in '22 but mezz needs caution: BNP Paribas
3 years ago
The extreme parts of CLOs' capital structures will offer best value in 2022, but investors should be cautious on mezzanine tranches and consider hedges, say BNP Paribas strategists -
CLO lower cap stack will outperform with $175bn new issuance in 2022: JP Morgan
3 years ago
Equity and lower rated tranche investors will do best as $175 billion of global new CLO issuance arrives in 2022, predict JP Morgan strategists in their annual outlook, taking market size to $1.2 trillion -
US CLO pipeline: Carlyle and Blackstone aim for CLO-a-month 2021 as BlackRock goes for baker's quadruple
3 years ago
The Thanksgiving holiday has not dampened the US CLO market’s appetite as a flurry of deals are set to price in the next couple of weeks. That includes 18 new deals, 11 resets and seven refinancings in the US -
CLO issuance set for big slump as managers relax on Sofr: JP Morgan
3 years ago
CLO new issue supply will likely decline sharply from this month to next, with the rush to complete deals ahead of the transition to Sofr base rates having added to November's historical heavy weighting over December, say JP Morgan structured credit strategists -
US CLO pipeline: Go long! Refis fall from favour as AMMC looks to join list of 2021 issuers
3 years ago
The only record left to fall this year in US CLOs is 2017’s refinancing total of $102.8 billion with the market $6.3 billion shy. Yet this segment shows little interest to break more records with the pipeline filled with new issues and resets as longer tenured deals are preferred. -
US CLO pipeline: newcomers look to follow Beach Point's lead by pricing before year-end
3 years ago
Beach Point Capital Management became the latest debut issuer in the US CLO market on Friday, and Sycamore Tree Capital Partners and Putnam Investments are set to join it -
US CLO pipeline: 1.0 manager returning, Carlyle going for CLO 10 as market goes to 100
4 years ago
Never in 1,000 years would the critics have expected this -
US CLO pipeline: 33 new issues enter market with historic CLO records on the verge of shattering
4 years ago
The US CLO market is running as hot as it has all year with a whopping 33 managers marketing new issues CLOs, according to market sources -
CLO pipeline: Carlyle unstoppable as PGIM looks to tighten double As
4 years ago
The CLO machine is refusing to slowdown, churning out deals as the US market is set to welcome a flurry of deals in the coming weeks – with 18 new issues, 14 resets and 10 refinancings in the marketing stage. -
CLO pipeline: Birch Grove and Fort Washington dish out first 2021 deals as Carlyle goes for sevenths
4 years ago
CLO investors can feast on a range of deals in the new issue market over the next month. -
CLO pipeline: four US and two European managers prepare first 2021 CLOs
4 years ago
The CLO market is set to carry on roaring with the pipeline as full as ever despite the summer slowdown just around the corner -
CLO pipeline: Man GLG resurfaces from six-year absence as deals exiting call-lock fill pipeline
4 years ago
CLO spreads have leaked out in recent weeks but deal economics are still favourable, encouraging managers to come back to the primary market for the first time this year -
CLO pipeline: GoldenTree makes good home for single Bs in swarm of activity
4 years ago
Wider CLO spreads are not deterring US CLO managers or equity investors, as 14 new issues, 10 resets and seven refinancings enter the pipeline -
CLO pipeline: all-time CLO issuance records come under threat
4 years ago
14 new issues in US and three European new CLOs look to price in the coming weeks -
CLO pipeline: queue gets longer as Blackstone goes again and Sancus makes first move
4 years ago
The queue to price for US CLO managers is only getting larger with 18 new issue CLOs in the pipeline, according to market sources, along with 18 repricings and two new issue European CLOs and two mid market CLO resets -
CLO pipeline: US market on track for June boom
4 years ago
CLO issuance is set to boom in the coming weeks with the pipeline ballooning as the market looks ahead to June
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