Golub issues 2021's third-largest middle market CLO
Golub Capital Partners has issued the third-largest middle market CLO of 2021 to date

MidCap and Steele Creek add to 2019 CLO refi supply
Steele Creek Investment Management and MidCap each refinanced a 2019 CLO on Friday

CLO pipeline: GoldenTree makes good home for single Bs in swarm of activity
Wider CLO spreads are not deterring US CLO managers or equity investors, as 14 new issues, 10 resets and seven refinancings enter the pipeline

JP Morgan raises 2021 US CLO forecast to record $135 billion
JP Morgan's research desk has raised its US CLO new issue forecast for 2021 to $135 billion

KKR, Oak Hill and Madison print combined $1.3 billion CLO resets
KKR Credit, Oak Hill Advisors and Madison Capital each priced a CLO reset on Wednesday, with the three deals amounting to $1.27 billion

It’s all relative: the Cornetto trilogy of CLO triple Bs
CLO arrangers have let their imaginations run wild when assembling triple-B rated notes – not because these have been tricky to shift, but because there is appetite for triple B CLOs that don't taste vanilla. The result is fat, split and overlapping triple Bs 

GoldenTree and Zais print US CLO refis
The CLO market absorbed $1.07 billion of refinancings on Friday as GoldenTree Loan Management and Zais Group became the latest managers to cut funding costs

Global CLO trading lab: secondary volumes inflate and easily get absorbed
Weekly secondary CLO volume has been lower across the capital structure in recent weeks as 2021’s refinancing wave left investors with plenty of choice

Blackstone and Invesco hold CLO triple A levels at 100bp
Invesco and Blackstone Credit each issued new CLOs in recent days with first pay notes locked in at 100 basis points over Libor

CIFC's 102bp triple As pull CLO average tighter
CIFC Asset Management priced its second CLO of the year on Friday with the triple A notes coming in at 102 basis points over Libor

Mid market CLO spreads reach tightest point since 2018 as Fortress prices new issue
Four-year triple A spreads on middle market CLOs reached new post-covid tights on Friday as Fortress Investment Group issued a deal with first-pays at just 155 basis points over Libor

Blackstone scores one of tightest ever 2.0 US CLO funding costs
Blackstone Credit has priced one of the tightest 2.0 CLOs ever with funding costs of just 141.61 basis points

Kayne adds single B tranche to debut CLO in $350.9 million refi
Kayne Anderson has added a single B-liability tranche to its debut CLO amid a refinancing of its investment-grade debt notes

Carlyle brings 2021 US new CLO volume to $1.14 billion with tightly priced deal
Carlyle Group priced its second new US CLO of the year on Friday, teaming up with Citi to place the $508.8 million Carlyle US CLO 2021-2

BlackRock drags CLO spreads tighter with latest reset
BlackRock teamed up with Citi on Thursday to print a $499 million reset of its 2019 vintage CLO named Magnetite XXI - and dragged the CLO market tighter in the process

US CLO triple As tighten reach 105bp as CVC registers lowest funding costs since March 2018
CVC Credit Partners brought the CLO market to new tights on Tuesday after pricing its triple A notes at just 105 basis points over Libor

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

Eaton Vance resets debut 2.0 CLO for a second time
Eaton Vance has reset its debut 2.0 CLO from 2013 for a second time, renewing the deal named Eaton Vance CLO 2013-1

Seix CLO passes AMR refi test at second auction
Seix Advisors successfully executed a digital refinancing of its 2019 vintage CLO named Mountain View XIV on Thursday via the applicable margin reset (AMR) process

It's all relative: Euro CLO mezz rallies to follow month-long IG/HY compression
European credit suffered this week with Brexit talks between the UK and the EU dragging on and both sides conceding that a trade deal is unlikely to be reached by Sunday’s deadline. But European CLO tranches have held up reasonably well with mezzanine spreads tightening by almost 13% in December

Global CLO b-wic round-up: Junior tranches rally amid heavy supply, including portfolio liquidation
The US CLO secondary market rally is showing no signs of slowing down after a week of over $1 billion worth of bonds was listed and well absorbed, according to market sources. The European market also had a roust week with over €300 million of paper up for grabs, although the market stayed generally flat with some tightening in double and single Bs

US CLO round-up: 23 managers wait in the wings after avoiding pre-election rush
CLO managers rushed to the primary market last week as they sought to lock in financing before the US presidential elections. This resulted in one of the busiest weeks in the primary market with 10 new issues

Single B notes return as Palmer Square prints third reinvesting US CLO of 2020
Palmer Square Capital Management priced its ninth new issue CLO of 2020 on Friday, teaming with JP Morgan on the $401.1 million Palmer Square CLO 2020-3

CLO pipeline: fixed income giants plan debut 2.0s with Morgan Stanley
Two large fixed income managers are pre-marketing debut 2.0 CLOs

CSAM closes its first-ever commingled CLO equity focused fund
Credit Suisse Asset Management has completed the final close of its inauguarl commingled fund geared towards CLOs