CLO managers push back on leveraged loan deals in search of “balance”
ANALYSIS: CLO buyers flex muscles to stem weeks of "irrational spreads" in the leveraged loan market in return to more equilibrium state

HPS undertakes second reset and renaming of 2017-vintage Euro CLO
The deal takes the manager’s total European issuance for the year to over EUR 1.2bn

Nassau prices first new European issue in 10 months
The manager’s fifth new-issue Euro CLO priced via JPMorgan

Expect wider credit spreads, compelling opportunities in CLOs – Bain Capital’s John Wright
PODCAST: Latest guest on the Credit Exchange podcast is "pretty excited" about CLO debt and expects spreads to widen

Invesco slightly narrows triple A spreads with single-tranche Euro refi
The transaction repriced EUR 183m of triple A paper for the 2020-vintage CLO

Apollo stuns market with end-of-week Euro triple-header
The US-based asset manager priced three European CLOs on Friday, together valued at over EUR 1.28bn

AXA IM reissue sees lower mezz tranches print well wide of guidance
The reissue of the 2016-vintage European CLO saw lower mezz spreads widen markedly compared with earlier guidance to investors three weeks ago

Refresco halts repricing and add-on transaction as market sentiment sours
Pulls deal from syndication as recent market volatility has made the repricing difficult to execute

European resets price from Sound Point, Polus and Anchorage
Sound Point’s deal printed as the tightest of the trio

Napier Park loses CLO portfolio manager to established European rival
EXCLUSIVE: The CLO market has seen a number of portfolio managers changing seats in Europe

Napier Park’s European CLO portfolio manager leaves firm
EXCLUSIVE: London-based director Diarmuid Curran has resigned from the alternative credit manager  

Apollo’s latest Euro deal reflects market’s mezz widening
RRE 25 priced narrow compared to other recent transactions, but there was evidence of widening out in the lower-rated tranches compared to  February

Acer Tree prices second deal, first since 2022
The deal is the first after the manager inked a strategic partnership with Nordic CLO investor Ymer in January

Silver Point recruits CLO PM Elliott-Taylor as it edges closer to European management launch
The firm hired away its latest recruit from a fellow European CLO management aspirant  

CLO manager M&A driven by search for talent and scale

‘We tend to stick with tier-one managers’

CLOs at a glance - February 2025
Our list of recent CLO pricings globally

CLO manager M&A driven by search for talent and scale
Irradiant’s star investor Maji set to depart as firm is acquired

CIFC prices new Euro CLO with delayed draw feature extended to double As
Texas Debt Capital Euro CLO 2025-I priced its triple As at Euribor plus 118bps, putting it among the tightest European new issues seen recently

European structured finance market bifurcates as ABS holds its ground, while CLOs widen
CLO secondary spreads in Europe roiled by market volatility, geopolitical uncertainty and contagion from US CLOs

First out the blocks, Arcano heading a burgeoning list of names with big plans
As Arcano successfully debuts as a European manager, a reminder of the long list of others that are seeking to do the same 

Spain’s Arcano Partners debuts as a new CLO manager
Arcano has priced its first CLO transaction, making the Spanish firm the first new manager of the year

European CLO spreads flare wider due to policy uncertainty and weaker relative value
ANALYSIS: Increased worries about policy uncertainty have started to weigh as tiering becomes more evident in the lower mezz  

BlueBay prices its first Euro CLO for 2025 with a new issue
The transaction was the first European pricing activity for the manager in five months  

Rockford Tower adds to rush of European new issues
The upsized half-billion-euro deal from the King Street Capital Management affiliate was its first Euro pricing activity for the year