Capital Four prices first Euro issue since February with upsized reset
The EUR 376m reset saw its top-of-stack paper price at Euribor plus 134bps

New Euro issuance returns with a flourish as HPS, Brigade and Palmer Square price deals
European managers are well and truly back from summer holidays, with three new CLOs printing on Wednesday – the first new European issues to price in four weeks

KKR breaks 130 barrier for Euro CLOs as brace of resets wrap up August
KKR has smashed the 130 barrier for standard-duration European CLO triple As for the first time since April, while Redding Ridge and BlueBay also priced resets to end the month

Hayfin prices wide of AAA benchmark with first Euro deal for 2025
The manager last issued a European CLO in December last year

AXA resets 2022 European CLO second time
The EUR 321.66m repricing included a substantial equity upsizing

AlbaCore prices seventh CLO
The print comes 13 months after the manager’s last new issue

Rockford Tower prices Euro and US resets on same day
King Street Capital Management affiliate Rockford Tower echoed KKR and Permira in pricing dual European and US CLOs at the end of last week

PGIM prices wide of mezz guidance in return to European primary issuance
The US manager’s first European deal in two years followed the recent trend and showed some weakness in the mezz compared to initial price talk

Fortress becomes European CLO manager after pricing debut deal
US hedge fund Fortress has become a new European manager with a CLO that upsized and attracted a significant new manager premium

Pemberton goes short for second CLO
The European manager adopted a two-year reinvestment period for the EUR 405.8m Pemberton Indigo II CLO  

Barings prices first European new issue CLO this year
Barings has priced its first European deal of 2024, a EUR 407.85m CLO arranged by BNP Paribas

Oaktree keeps it short-dated for European 2022 vintage reset
Oaktree’s third deal of 2024 – the manager’s first European offering since September last year – priced on Thursday as an unusual short-dated reset

Aegon prices first European CLO
Monday saw a significant moment in the European primary market – the return of the North Westerly CLO platform to new deal issuance after three years, now under the auspices of Aegon Asset Management

Investcorp does mezz-only refi for 2022 vintage CLO
Jefferies arranged a brace of European deals on Friday, including a partial refinancing of Investcorp’s 2022-vintage Harvest CLO XXVIII

New European CLO prices with triple As at 145
After the lowering of the current European CLO triple-A benchmark last week, levels continued to tighten today

Europe sees another tight print
CVC added to last week’s rush of European deals with CVC Cordatus Loan Fund XXXI – the manager’s seventh transaction of the year

Ares add new European CLO to its roster
The second half of this week saw a renewed rush of European issuance, and Ares was amongst those coming to the market 

Blackstone makes it three new European CLOs this year
Blackstone’s third new European CLO of the year priced on Wednesday, reflecting the growing market weakness in the lower mezz

Napier Park prices first European new issue CLO of the year
Priced this afternoon, Napier Park’s third deal of 2024 marked its first European offering this year – a new-issue CLO valued at EUR 456.9m, arranged by Natixis.

European CLO market stirs as first refi of the year prices
BNP Paribas injected some life into the sluggish European CLO market on Monday with the first European refi of the year

European CLO primary spreads still have a long way to go
Are European CLO spreads in the primary market cheap or expensive? Our latest research shows that while US managers can celebrate AAAs reaching the 150s, in Europe spreads still have a long way to go to reach historical norms.

Sound Point gets issuance flowing again in Europe
Sound Point Capital Management has won the race to price the next European deal, partnering with Jefferies on a new EUR 452.55m deal that sets the benchmark for triple-A coupons at 150 bps over Euribor.

Europe greets new CLO manager
The latest debut manager has joined the European CLO market thanks to a new deal arranged by Bank of America

Beneath the triple C: US CLOs take a dip in the triple C as Europe watches from the sun lounger
The US CLO market bore the brunt of downgrades to triple C in July and August, with a total of $6.22 billion of paper affected. European CLOs enjoyed a more relaxing summer holiday, with only 1 name representing €33.88 million worth of bonds downgraded to triple C.  

Investcorp prints Nochu-anchored Euro CLO with triple As at 160bp
The deal marks the return of Japanese bank Norinchukin to the European CLO new issue market