Euro CLO single As and triple Bs could tighten by 10bp with CVC refi
CVC Credit Partners is looking to refinance the five most senior tranches of its 2018 European CLO, CVC Cordatus Loan Fund VII. Price talk on mezzanine tranches suggests a big shift in prevailing spreads  

Barings sells €377m portfolio via b-wic to wind down European CLO
Barings was the seller of a mammoth €377 million loan b-wic on Thursday (12 February), Debtwire has reported

Carlyle adds equity and seeks tight pricing with 2016 European CLO reset
Carlyle Group is looking to add equity and price triple A debt tight to the primary CLO market with a €434.3 million reset of its 2016 transaction, Carlyle Global Market Strategies Euro CLO 2016-2

European CLO portfolio manager jumps ship to HPS
A London-based European CLO portfolio manager has moved to HPS Investment Management

European CLO triple As set to reach 80bp as Jefferies aims for big impact on first deal
Jefferies is close to arranging its first new CLO in Europe having launched Permira Debt Managers’ latest deal, Providus CLO V

Global CLO b-wic round-up: 2020 deals trade at premium
As the primary CLO market continues to grind tighter, the secondary market is holding steady, but last year's vintages are trading well as they near the end of their call-locks

Assured hits benchmark in second pairing with Barclays on European CLO
Assured Investment Management has teamed up with Barclays to print its latest European CLO, BlueMountain Euro CLO 2021-1

Spire achieves highest levered Euro CLO as it matches triple A tights
Spire has priced its latest European CLO, Aurium CLO VII, with the deal’s triple As matching the Euribor plus 83bp 

Euro CLO repricing hits €4bn as Jefferies arranges first deal and Investcorp drops double Bs
Spread compression is driving European CLO refinancing activity, with three transactions pricing on Friday: Carlyle Euro CLO 2017-2, Harvest CLO XVI and Man GLG Euro CLO III

CLO equity record broken again as Blackstone European deal trades over 116
Within eight days of Redding Ridge Asset Management setting a record for the highest cover on a European CLO equity bond, Blackstone Credit has brushed it aside to claim top spot  

Triple As could fall to 80bp as Spire markets new issue Euro CLO
Spire is marketing its latest new issue European CLO, named Aurium CLO VII 

Invesco Euro CLO refi cuts 41.5bp from financings costs
Invesco has refinanced the four most senior tranches of its inaugural 2.0 European CLO. JP Morgan cut financing costs on Invesco CLO I by 41.48 basis points

Oak Hill pairs with Citi on first new issue European CLO since 2018
Oak Hill Advisors has printed its first new issue European CLO in over two years and its first primary CLO transaction in Europe since a refinancing in 2019

Euro CLO league tables: Europe sees a refi-val in repricing
Older deals get a fresh start in the new year

Global CLO league tables - January 2021
Global CLO league tables - January 2021 YTD

CLO pipeline: snow business like the CLO business
CLO issuers are putting aside the cold snap and are warming up with a flurry of deals.

Palmer Square prints first reinvesting European CLO
Palmer Square Capital Management has printed its first ever reinvesting European CLO, following the issuance of two static CLOs since it debuted in the continent in August

PGIM resets Dryden 44 and switches from six-month to three-month Euribor
JP Morgan has arranged the reset of PGIM's 2016 vintage Dryden 44, switching paying liabilities from semi-annual basis to quarterly

Basis between resets and new issues collapses as CVC prints Euro triple As at 83bp
CVC has reset and upsized a 2014 vintage European CLO, CVC Cordatus Loan Fund IV

European CLO head becomes latest PM to leave asset manager after announcing retirement
A large European credit manager has had a number of departures across its CLO and direct lending businesses in recent weeks

2020 absentee launches new European CLO with 85% ramp
A European CLO manager is coming back to the market, after sitting out 2020, with a deal that is close to being fully ramped

Investcorp preps first CLO refi in Europe with triple and double Bs since 2019
Investcorp Credit Management is working with Deutsche Bank to refinance six tranches of its 2018-vintage CLO named Harvest XVI

Anchorage prices first new European CLO since 2019
Anchorage Capital Group has returned to the European CLO primary market with its first new issue since 2019

Redding Ridge equity covers at 116 for new European CLO record
Redding Ridge Asset Management set a new record on Wednesday as €5.2 million of RRE 4, a 2020 vintage CLO, traded in the secondary CLO market with a cover of 115.8

Mizuho outlines bold European CLO strategy
Mizuho is expanding into European CLOs as part of a push into leveraged finance.