Steve Cohen’s Point72 looking to enter the CLO business
EXCLUSIVE: The alternative investment firm is eyeing the CLO space, as the market experiences a boom in issuance and newcomers

Silver Point prices debut Euro CLO
The deal, which priced via JPMorgan, is the first of what is expected to be a wave of debut issues from US CLO managers looking to expand across the pond into Europe

Palmer Square resets four-year-old Euro CLO with increased cost of funding
The repricing of Palmer Square European CLO 2021-2 also saw a significant equity increase accompanying the deal’s EUR 48m debt tranche upsizing

Euro AAAs tighten to mid-120s with new KKR issue
Avoca CLO XXXIV lowered the existing market tight by two bps, to Euribor plus 126bps

Monthly defaults driven by bankruptcies for first time in two years – S&P Global
Five of the eight defaults recorded in September resulted from bankruptcy filings, with three coming from the US, according to a new research report

US Trustee seeks examiner in First Brands bankruptcy, citing USD 2.3bn of missing funds and ‘malfeasance’
The US Trustee has called First Brands' internal investigation insufficient due to the scope of the allegations, while factoring provider Raistone is also seeking an examiner, citing the need for an impartial investigation

Euro new issue AAAs match reset tight with latest Benefit Street Partners print
Jubilee 2025-XXXII priced as a EUR 514m issue via Citi, with its senior triple As clearing at Euribor plus 128bps

Orrick’s CLO coup stuns market, Cadwalader reels
While the departure of David Quirolo and colleagues from Cadwalader, Wickersham & Taft was not unexpected, the scale and speed of the move has sent shockwaves through the US and European credit markets

‘CLO equity isn’t very attractive at the moment’
Investor's Corner with David Altenhofen, Head of Investments at Accunia Credit Management

‘This is probably going to stimulate some interest for triple As’
The European securitisation market has come under new regulatory scrutiny this year, with a series of rules being published which have shifted manager obligations. Alexander Batchvarov, managing director, Bank of America Merrill Lynch, explains what this all means for CLO managers

After fall of First Brands, investors point to signs of trouble stretching back years
When First Brands attempted to tap markets in August this year to issue USD 6bn in debt, it marketed an attractive financial picture with net first lien leverage of just 1.9x, based on EBITDA of USD 2bn in the first quarter of 2025. By late September, the US auto parts company had filed for bankruptcy

CLOs at a glance – September 2025
Our list of recent CLO pricings globally

European speculative-grade corporate default rates to decline in 2026 – Moody’s
The rating agency’s annual deep-dive into the refinancing risks facing EMEA non-financial corporates also found an increased urgency for refinancing as the maturity wall draws closer

Brookfield to buy remaining Oaktree stake, becoming full owner
The USD 3bn transaction will give Brookfield full ownership of the top-40-ranked CLO manager

European CLO rankings – September 2025
CVC and Jefferies maintain their lead in Creditflux's year-to-date European CLO manager and arranger rankings as the curtain comes down on the third quarter

HPS and Permira price Euro resets
HPS and Permira both returned to the market Friday with European resets, with deals that had not been repriced since 2021

Optimism the order of the day at Opal, but worries start to creep in
At the Opal Group’s European CLO Summit, the mood was positive overall among managers, but tempered by growing worries over the macro backdrop and government debt

Partners sets new Euro reset tight for single As
The reset of Penta CLO 16 also matched the current low for European triple As

Orrick reveals expansion plans following arrival of new CLO team
EXCLUSIVE: David Quirolo, partner in Orrick’s London office, intends to build out the firm’s London-based structured finance team 

Blackstone matches market tight with new Euro CLO
Blackstone’s latest new European CLO, Apna Park CLO, issued via BNP Paribas on Tuesday in a EUR 405.325m transaction

This has been a year of avoiding the losers – Bain
Gauthier Reymondier, head of Bain Capital Credit Europe, says avoiding losing companies has become more important than choosing winners

Bank of America ups forecast for European CLO issuance for 2025
Bank of America research has revised upwards its estimates for 2025 Euro CLO gross issuance in light of strong YTD numbers and the expectation of continued market strength

Cadwalader starts to rebuild with trio of partner promotions
EXCLUSIVE: Cadwalader has appointed three new partners, after losing 37 members of its CLO and asset-backed lending team to rival law firm Orrick

Orrick hires 37-lawyer team from Cadwalader, headlined by Quirolo
The experienced CLO specialist headlines a major recruitment of CLO and ABF lawyers across both European and US offices

Private credit shop Corinthia mulls entry into CLO issuance
EXCLUSIVE: The firm has begun deploying the USD 5bn of capital it raised for direct lending and eyeing next step to kick-start middle market CLO issuance