CLO pipeline: break's over - time to print deals
The CLO market has taken a slight pause after the independence holiday in the US last weekend, meaning the CLO pipeline includes a backlog

Hayfin features single B tranche in short-dated euro CLO
Hayfin Capital Management is marketing its first European CLO deal, which includes a €7 million single B-rated note 

Global CLO b-wic round-up: spreads widen in short week to end manic June
A shortened week brought an end to a manic month of secondary CLO activity. $343.5 million of US CLO and €309 million of European CLO paper was on sale last week, dropping $1.05 billion and €170 million from the previous week

OC health check: CLOs heal up with no new breaches among US BSL deals
53 CLOs reported an over-collateralisation (OC) test breach last week, but only two CLOs breached an OC test for the first time, neither of which were US broadly syndicated loan CLOs

Angelo Gordon sets Euro triple A benchmark with new CLO
The deal, a post-covid 19 tight for triple A pricing, also features a single B tranche, which have typically been absent from CLO capital structures post-covid 

Oaktree markets first 2020 Euro CLO via Barclays
The €300 million deal, named Arbour VIII, is expected to price in the week beginning 13 June

Revolutionary ESG-linked loan wins CLO support
European loan investors welcomed a novel concept in June when Carlyle Group-backed Logoplaste issued the first term loan with pricing linked to environmental, social and governance (ESG) factors

MeDirect confirms corp credit step-back, as CLO team seeks spin-off
MeDirect has confirmed it will reduce corporate lending to focus on retail clients, following a question by Creditflux on the firm's plans to spin off its CLO-managing specialist credit team

CLOs at a glance: global market hits post-outbreak high
Primary issuance is on the rise as global CLO volumes in June stand at $7.22 billion as Creditflux goes to press, exceeding the $7.12 billion in May

CLO pipeline: Managers prepare to build on momentum in July
The demand for new issue CLO paper is strengthening with eight US CLOs, one mid market CLO and three European CLOs preparing to print in the coming days

MeDirect CLO team seeks spin-off from bank
The specialist credit team at MeDirect is looking for a strategic partner to spin off from the bank

OC health check: CLO managers drop their breaches
114 CLOs reported overcollateralisation breaches last week, but only three deals reported breaches for the first time

European 2020 CLOs reach €10 billion as MacKay prices second ever deal
Mackay Shields has priced its second ever European CLO, via BNP Paribas, bringing European CLO new issue volumes to €10 billion 

AlbaCore becomes third manager to debut in euro CLOs in 2020
AlbaCore Capital has joined the ranks of CLO managers after pricing its first-time transaction named AlbaCore Euro CLO I

Junior CLO spreads tighten as Investcorp's euro triple Bs hit 400bp
Junior spreads have tightened further with triple B notes hitting 400 basis points as Investcorp prices its second European CLO of 2020, Harvest CLO XIII

CBAM markets second European CLO just 21 days after debut
CBAM, who debuted in European CLO management just earlier this month, has become the first manager to market a second Eurpopean CLO post covid-19

CLO pipeline: marathon runners and sprinters join the race
Five new CLOs priced last week, four of which were US issues and one European, but they have been ably replaced in the pipeline, with a handful of managers looking to strike while the CLO market is still hot

Rockford Tower CLO fails to meet effective date requirements
A 2019 CLO managed by Rockford Tower Capital Management has failed to meet requirements relating to its effective date on 22 June due to breaching its Moody's weighted average rating factor test

HPS CLO warehouse hit by downgrade as it reaches 8.34% triple C assets
CLO warehouses have been hit with an increasing number of triple C assets in their portfolio. And those in one CLO warehouse managed by HPS increased from 0.5% in March to 8.34% by May

Go for short-duration and high-end CLO paper, says JP Morgan
This year is shaping up to be nearly as weak for CLO new issuance as 2008, according to JP Morgan strategists, who recommend investors seek value in short duration double/triple A paper or in higher-tier triple/double B

Investcorp markets second European CLO of 2020
Investcorp Credit Management is marketing a new €249.61 million European CLO via Barclays

OC health check: slowing of downgrades offers some reprieve for CLOs stuck in breach
89 deals reported overcollateralisation breaches last week, but only seven of these deals were breaching any OC test for the first time, according to the latest reports available on CLO-i