CLOs can weather a short recession, but maybe not a long one, conference hears
The US economy is likely to enter a recession in the first half of 2023, attendees at IMN's ABS East conference heard on Tuesday. While the severity of the downturn is unknown despite the Federal Reserve aiming for a 'soft landing', CLOs are well positioned to weather the storm - as long as the recession is contained in a relatively short period

US CLO league tables: BofA’s big month opens gap with Citi but Palmer Square closes in on Blackstone
After a quiet August, the US CLO market returned to what is the new normal (or new, new normal depending on the timeframe you're using). Managers priced $11.3 billion of US CLO paper last month, extending a trend

Global CLO league tables - September YTD
Global CLO league tables - September YTD

Price talk emerges on upcoming CVC European CLO
The manager is targeting pricing for the week commencing 10 October

Palmer Square prices largest BSL CLO transaction of the year
Palmer Square Capital Management has priced the largest CLO transaction backed by broadly syndicated loans of the year to date

Crescent prints first reinvesting CLO since November
Crescent Capital Group has priced its first reinvesting CLO of 2022

US CLO trader set to join Citi
An experienced CLO trader is joining Citi, sources say

Revlon mistaken payment ruling adheres to market norms: LSTA
The Loan Syndications & Trading Association has weighed in on the Revlon court ruling, which stated that Revlon lenders must return a mistaken payment by Citi, noting that this decision “conforms to long-standing norms"

Judges rule in favour of Citi in overturning Revlon decision
Citi has won its appeal against Revlon creditors, forcing a consortium of asset managers to return more than half a billion dollars received in an accidental transfer in 2020

US CLO league tables: BofA holds off Citi for another month
$6.4 billion of US CLO new issues priced in August, down $11.2 billion from August last year but $1.1 billion more than August 2019

Global CLO league tables - August 2022 YTD
Global CLO league tables - August YTD

ArrowMark fills vacancy in London with SRT hire from sell side
ArrowMark Partners has filled a void in its London office after hiring an SRT specialist from Citi 

US CLO pipeline: Dispersion comes to fore, while Capital Four goes static
The CLO market is heating up once again after the summer lull and pricing has tightened, with at least three US CLO managers looking to match or even best Palmer Square Capital Management’s triple A print of 200 basis points

Blackstone storms CLO market with 205bp triple A print
Blackstone Credit on Friday priced a new CLO named Storm King Park, scoring the tightest triple A print in the market at just 205 basis points

Wellfleet CLO's funding costs exceed 300bp
Wellfleet Credit Partners priced a new CLO on Friday with funding costs exceeding 300 basis points

Large US banks shed $8.5 billion of CLOs as others step up
Three of the largest investment bank buyers of CLO paper - Citi, JP Morgan and Wells Fargo - cut their portfolios by a combined $8.5 billion in this this year's second quarter

US CLO pipeline: Blackstone goes for 10 with tightest triple As of August
Blackstone Credit is marketing its latest CLO, Storm King Park, which will be the manager’s tenth US new issue of the year

New Carlyle CLO with Citi and Barclays co-arranging scores tightest August triple As
Carlyle Group has teamed up with Barclays and Citi to print its latest CLO named Carlyle US CLO 2022-5 at $495.5 million

Euro CLO league tables: gear shift brings flurry of new issues before summer break
After a slow June, the European market picked up its pace in July with managers eager to price deals before the summer lull 

US CLO league tables: Citi closes in on BofA’s lead
Despite market slowdown, US CLOs continue to produce steady monthly volumes over the $10 billion mark. July brought an influx of $11.99 billion to the US market from 28 new issue deals

CSAM prints first European CLO in 12 months
Credit Suisse Asset Management has become the latest manager to navigate through challenging market conditions to price a European CLO

PGIM scores new CLO with five-year reinvestment period
PGIM priced a new $494.3 million CLO on Thursday via Citi named Dryden 104 CLO

Oak Hill prints rare four-year reinvestment US CLO
Oak Hill Advisors priced a rare four-year reinvestment CLO on Thursday, partnering with Citi on the $400 million deal named OHA Credit Funding 13

Palmer Square prints static ESG CLO
Palmer Square Capital Management priced its third static US CLO of the year, which features ESG eligibility criteria

Citi promotes structured credit specialist to top Emea credit trading role
Another senior official in Citi's credit team has been promoted