Heading tighter into uncertainty
Tightening loan spreads are making the job of a CLO manager harder in both the US and Europe. But credit volatility could be on the horizon

Apollo to exit 1.0 era with a bang as it prepares CLO redemption
Apollo is preparing to redeem the last of its outstanding 1.0 CLOs

Black days ahead for CLOs as Seadrill warns of potential default
More than 80 CLOs look set to take a hit in the near future after oil driller Seadrill Partners warned about a possible default on its debt

US primary CLO market starts up again as global manager prices refi
The US CLO primary market got back up and running earlier today following the ABS Vegas conference, according to market sources

Los Angeles-based manager preps third CLO refi of the year
Ares Management is preparing a refinancing of its 2013 vintage CLO, Ares XXVIII, according to a notice available on CLO-i

Barclays surpasses $1 billion of new issuance this week with dual-compliant CLO
Barclays has priced its second US CLO in three days, according to market sources, surpassing $1 billion in new issuance for the week

Morgan Stanley secures record mezz prints as it prices two CLO refis
Morgan Stanley’s US CLO arranging team has completed two CLO refinancings in quick succession, securing single-A, triple-B and double-B tights in the process

BAML refinances two CLOs in a day for heavyweight global manager
Bank of America Merrill Lynch has priced two refinancings in a single day for a global CLO manager, according to market sources.  

BSL CLO issuance surpasses $5 billion as Alcentra prices new deal
US broadly-syndicated CLO issuance surpassed $5 billion today as Alcentra priced its first deal of the year. 

Barclays prices dual-compliant US CLO after $108 million upsize
Barclays has priced an upsized $608 million deal for a global CLO manager, according to market sources. 

Citi cuts triple-A coupon by 37bp as it refinances manager's 2013 CLO
Citi has cut a 2013 vintage CLO's financing costs dramatically in a $419 million refinancing, according to market sources

Manager's 2007 CLO hits 23% running IRR after two huge equity payments
A 2007 CLO managed by a US CLO manager has made a huge equity payment for the second quarter in a row, according to CLO-i

New Jersey-based manager prices $412 million CLO refi, sources say
Seix Investment Advisors has priced a $412 million CLO refinancing, according to market sources

SocGen wins mandate to arrange $407 million CLO for US loan manager
Societe Generale has won a mandate to arrange its first new CLO since February last year, according to market sources

Oaktree becomes latest manager to price CLO refi in $412.5 million deal
Oaktree Capital Management has joined the long list of managers to complete a CLO refinancing in 2017, after pricing a $412.5 million deal earlier today

JP Morgan completes $1.4 billion of CLOs in an afternoon
Friday afternoon was a busy one for JP Morgan’s CLO arranging team, with the bank completing $1.4 billion of business across three deals

BAML prices $560 million CLO refinancing for global manager
Bank of America Merrill Lynch has refinanced a 2013 vintage CLO in a $560 million deal, according to market sources.  

Apollo sells two CLO positions from its BDC after 21%-plus returns
Apollo Global Management has reduced the structured credit exposure it held in its business development company

Spreads tighten as Natixis prices second mid-market CLO of the week
Natixis has priced its second mid-market CLO in the space of two days, according to market sources

Symphony surpasses $1 billion in CLO refi volumes with latest deal
Symphony Asset Management has priced its second CLO refinancing of the year, according to market sources

CIFC secures 112bp triple-A spread with $431.5 million CLO refi
CIFC Asset Management has recorded the tightest US CLO spread of the year after pricing a refinancing of its 2013 CLO, CIFC Funding 2013-IV

NewStar secures 178bp triple-A print with short-dated mid-market CLO
NewStar Financial has priced its first CLO of the new year, according to market sources

Chicago Fundamental signs groundbreaking CLO deal with charitable organisation
Boutique CLO manager Chicago Fundamental Investment Partners has signed a first-of-its kind agreement with a non-profit organisation, which provides the manager with a $160 million equity injection that it intends to use towards CLO risk retention

CLO market heats up as Jefferies prices $666 million reset
A brokerage's CLO business is on fire after pricing its fourth US CLO of the year