SMBC Nikko builds on CLO momentum with mid market deal for Monroe
SMBC Nikko has picked up its third CLO credit this year

US CLO pricing lab: expensive legacy deals take priority as two-three year point on term curve tightens
The US CLO market may have gapped out in recent weeks, but expensive 2019 and covid-era CLO refis and resets are still in the money

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

LP round up: big name managers win direct lending mandates amid $1.5 billion allocations
Apollo, Ares, Barings and CVC were among the beneficiaries of the direct lending rush in May 

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

It's all relative: CLOs march tighter as macro traders open positive CDS skews
Credit default swaps are back near where they started the year after giving up their early-February gains amid a rise in government bonds. CDS curves steepened over the past month and macro hedging has left indices trading with positive skews. But CLOs paint a calmer picture in which spreads have inched tighter  

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

It's all relative: senior CLO tranches tighten 18% in Europe as CDS indices sit out rally

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

2020 wrap: CLO funds bloom despite rocky ground
2020 was a busy year for CLO fundraising, with Creditflux recording at least 30 funds that launched over the 12 months to invest across the CLO capital structure