New issues take a backseat as US CLO market absorbs three resets and a refi
CLO primary market activity was briefly diverted away from heavy new issue supply on Thursday and attention turned to resets and refinancings, with four deals printing in total

KKR joins exclusive group of six-time US CLO issuers in 2021
KKR Credit teamed up with JP Morgan on Monday to print its sixth US CLO backed by broadly syndicated loans of 2021, becoming the seventh manager this year to complete this feat

PPM teams with JP Morgan for first time on new CLO
PPM America priced its fifth CLO of the 2.0 era on Friday, teaming with JP Morgan as arranger for the first time

Canyon resets another 2020 CLO
Canyon Capital has reset its second short-dated 2020 CLO, completing its reset activity of post-covid 2020 transactions

Romark returns with second bond-flex CLO
Romark Credit Advisors has issued its second bond-heavy CLO following its debut in the asset class last year

Leverage goes both ways as ICG and CSAM upsize CLOs
Intermediate Capital Group and Credit Suisse Asset Management have each upsized a legacy CLO after resetting the deals via JP Morgan

Eaton Vance and Partners reset CLOs worth $850.2 million
Eaton Vance and Partners Group each reset a legacy CLO on Friday, with the two transactions worth a combined $850.2 million

CarVal adds single B tranche to 2019 CLO with refi
CarVal Investors has refinanced its 2019 CLO named CarVal CLO III, adding a new single B tranche to the deal's capital structure in the process

Orix prints new CLO with unusual variable spread tranches
Orix Advisers priced Signal Peak CLO 9 on Wednesday with the junior debt tranches having a rare variable spread structure

Three top 20 US managers print CLOs
The pace of CLO issuance in the US continues unabated as three top 20 managers take to the primary market for two resets and a new issue

US CLO manager returns to primary market with first new issue in 18 months
Pacific Asset Management teamed up with Credit Suisse on Monday to print its first new issue CLO since January 2020

Investcorp brings first new US CLO since senior management change
Investcorp Credit Management has made a grand return to the US new issue CLO market with its first deal since January 2020

Golub prints first broadly syndicated loan-backed CLO of 2021
Golub Capital Partners issued its first CLO of the year backed by broadly syndicated loans on Thursday

Partners saves 55bp with reset of post-covid CLO
Partners Group has reset a post-covid CLO priced in May 2020, pulling the vehicle's funding costs 55 basis points tighter in the process

CLO refi paper worth $1.61 billion hits market
Five managers have printed transactions worth a combined $1.61 billion over the last few days, in a CLO refinancing bonanza 

Refis price on top of new issues as four managers print US CLOs
Four US CLO refinancings priced yesterday, giving the impression that CLO pricing is fitful and the term curve flat

MJX prints first reinvesting CLO of the year
MJX Asset Management has become the first CLO manager to print a reinvesting new issue transaction in 2021, teaming up with Jefferies as lead arranger and Bank of America as co-arranger on the $507.3 million deal, named Venture 41

Global CLO b-wic round-up: junior tranches trade above par as US volumes reach $45bn
A busy week of over $1.4 billion of US CLO secondary bonds and €290 million of European CLO paper gave light to CLO spreads across the capital structure continuing their push towards pre-covid levels

Europe leads corporate credit rally, but US outperforms in CLOs
iTraxx Crossover has been the CDS market's outperformer this week, tightening over 30 basis points, or 11.4%, to trade at 235bp today. But in the CLO market, US deals have come out on top thanks to a BlackRock CLO that priced its double Bs at some of the tightest levels this year

Double B spreads shrink to just 635bp as BlackRock prints tightest CLO yet
BlackRock has once again priced the tightest three-year reinvestment CLO post-covid, repeating a feat it last acheived back in September

Elmwood teams up with Credit Suisse for first time on CLO
Elmwood Asset Management has priced its second CLO within three months, as well as the first CLO in its history to be arranged by Credit Suisse

Garrison BDC agrees to merge with Portman Finance
As part of the transaction, Portman will assume Garrison’s on-balance sheet CLO liabilities upon closing 

Dishware maker files for bankruptcy as CLOs hold $200 million
CLOs hold $207.58 million of Libbey Glass, which filed for chapter 11 protection in the US Bankruptcy Court for the District of Delaware on Monday, as a result of the firm's impending debt maturities and the impact of coronavirus

$350 million of CLO collateral drips into default as oil companies file for Chapter 11
CLOs hold $353 million worth of debt of two oil and gas companies - Ultra Petroleum and Gavilan Resources - which have become the latest casulties of the precipituous decline in oil prices. The pair filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas on Thursday and Saturday, respectively

TCW looks to price static US CLO with triple As at 230bp
TCW Asset Management is the latest manager to test the market for new CLOs amid the coronavirus crisis, with the firm targeting a Wednesday pricing date for its new deal named TCW CLO 2020-1