Private credit incentivized to seek more protection than BSL
With the First Brands fallout still in the headlines, private credit managers sought to differentiate themselves from the banks that underwrote the troubled auto lender

Golub sets new mid-market tight with new issue
The manager's latest new mid-market CLO has priced at the tightest level for such deals since mid-March

Ares launches direct lending fund for European wealth investors
The firm’s first ELTIF product will give individual investors access to its existing European direct lending strategy

Bain resets second mid-market CLO a second time
The deal renewed the 2019-vintage transaction on a short-dated 1Y/2Y schedule

Direct lenders ‘cruise,’ but watch for tariff impact
Private credit managers, investors of all types and service providers gathered in Nashville for DealCatalyst’s annual private credit conference

Onex prices Euro refi with unusual step-up margin feature
The repricing tightens spreads on the mezz tranches until the deal exits its reinvestment period in three years’ time

Golub prices tight with latest five-year middle market deal
The new issue equalled the market low for triple A spreads on private credit CLOs

HPS, Capital Four print 2019-vintage Euro resets
Both deals widened spreads on their triple As and increased their overall cost of funding as part of the repricings  

Capital Four markets reset of inaugural European CLO
The attempted reworking of the 2019-vintage deal is guiding its triple A paper at between 120bps-123bps over Euribor  

Golub prints private credit CLO with triple-As reset at the tightest in three years
Golub’s latest transaction is the tightest triple-A mark for a private credit reset in three years    

Hayfin prints short-dated Euro deal to round out the year
Hayfin has priced a CLO that marks the first short-dated primary market activity in Europe since early November  

BlackRock resets middle-market deal from 2022
BlackRock has reset a middle-market deal called BlackRock Maroon Bells MM CLO, simplifying the top of the deal’s structure in the process

Antares sets new triple-A tight with mid-market print
The relentless tightening of MM CLO spreads has continued with Antares pricing  a new MM CLO with triple-As paying SOFR plus 157bps

BlackRock returns to CLO new issue market with bumper USD 610m pricing
BlackRock has priced a mammoth new US BSL CLO issuance sized at USD 609.5m via Nomura

Allstate revisits 2015 vintage CLO a third time with a refi
Allstate Investment Management on Wednesday priced a refinancing of US BSL CLO deal via Nomura

Onex prints reset of European CLO deal from 2017 vintage
Onex Credt Partners resets a European BSL CLO first inked in 2017 via BNP

Trinitas prints new US CLO, its 14th deal of the year
Trinitas priced a new US BSL CLO with triple-As at 137bps arranged by JP Morgan

Diameter prints its third new US BSL CLO of the year
Diamter priced its third new US BSL CLO deal of the year via JP Morgan sized at USD 451.60m

Napier Park prints tightest Euro refi of the year
Last week saw Napier Park refinance a European CLO from the first half of 2022, recording the tightest print for such a deal in 2024

WhiteStar refinances ex-Carlson CLO
WhiteStar Asset Management undertook a partial refinancing of Cathedral Lake VII on Friday. This CLO was a rework of a deal WhiteStar acquired from Carlson Capital.

Another US MM CLO reset prices from Deerpath
The reset of the 2021-vintage middle-market Deerpath Capital CLO 2021-1 equalled 2024 tights for this type of deal

Silver Point prices new middle-market deal
Silver Point Capital on Wednesday priced Silver Point SCF CLO III, a new US middle-market deal

Palmer Square paves new ground pricing BSL BDC CLO
Palmer Square Capital BDC on Wednesday priced the industry’s first business development company CLO with BSLs as the collateral

Permira prices tenth European Providus CLO
Permira Credit threw their hat into the increasingly crowded European ring with their first deal of 2024

BMO returns with first US middle market CLO since 2021
BMO Asset Management late last week priced Great Lakes CLO VII, a USD 404.87m middle market CLO