Spain’s Arcano markets second European CLO following March market debut
The short-dated EUR 406m issue is being arranged by Jefferies

Sound Point markets new Euro CLO with tightening mezz spreads
The manager is marketing is second new European deal for the year, with spreads showing a notable narrowing trend in the double As and double Bs

Open CLO warehouses in Europe approach record high as confidence grows
European CLO issuance is running at record pace and the number of warehouses set up as precursors to new deals are spiking

UBS looks for significant tightening as it markets 2023-vintage Euro reset
UBS is currently marketing its second European CLO in two months, a reset of Madison Park Euro Funding XIX, a 2023-vintage issue

New managers hustle to join buoyant CLO market
New entrants are bustling to join the ranks of BSL CLO managers in both the US and Europe, with Obra, Fortress and CIC all in the market

Barings lines up second European CLO for 2024
Barings is currently marketing its second European BSL deal of 2024, with Natixis arranging the transaction

PGIM signals return to European CLO primary market
After an absence of almost two years, PGIM is marketing a reset of its most recent European deal.

Ares plans to swaps short-dated for static in European CLO reset
Ares is marketing a static reset of the short-dated 2020-vintage Ares European CLO XIV, with Goldman Sachs acting as the arranger

Voya prepares to reset debut European CLO
Goldman Sachs is marketing a reset of a 2018-vintage European CLO managed by Voya

CLO round-up: Market braces for a busy September
The US and European CLO markets are bracing for a flood of deal activity from market participants as the fall season kicks off

Jefferies markets 2023 European CLO reset
Following a quiet period in August the European CLO market appears poised for activity once more as Jefferies markets a reset of a Penta CLO

Alcentra markets reset of a second 2019 European CLO
Alcentra is marketing a European reset of a 2019-vintage CLO, with the CLO expected to price in the next few days

Natixis markets new AXA European CLO
AXA is among the managers boosting the pipeline of forthcoming European deals, with the manager currently marketing a new European issue via Natixis

Fidelity markets new European CLO that would match YTD tights
Fidelity is marketing a new issue European deal with the triple-As poised to equal year-to-date tights, suggesting prints in the 130s are becoming ‘the new normal’

CIC engages bank for debut CLO
The private debt arm of French group Crédit Industriel et Commercial (CIC) is in pre-marketing for its debut CLO and has engaged an arranger

Debut manager markets first European CLO
A new European CLO manager is in the market with its first CLO, with the deal expected to price in the next few days

Euro CLOs have better 2023 entry point than US in $140 billion issuance year: Barclays
CLO performance and issuance may have to wait until the second half of next year for improvement, say Barclays credit strategists in a 2023 outlook piece. But Europe could fare better than the US given starting levels in a year the market faces some challenging regulatory hurdles

CLO pipeline: US manager base poised to hit 119 and Europe 57
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 extremes will do well in '22 but mezz needs caution: BNP Paribas
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
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

CLO issuance set for big slump as managers relax on Sofr: JP Morgan
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

CLO pipeline: Birch Grove and Fort Washington dish out first 2021 deals as Carlyle goes for sevenths
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
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
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
Wider CLO spreads are not deterring US CLO managers or equity investors, as 14 new issues, 10 resets and seven refinancings enter the pipeline