CLO pipeline: managers large, small and new ready to price in post-Labour Day surge
US managers are preparing a wave of new issue CLOs in the coming days, as the usual post-Labour Day pricing surge comes to fruition even in this most unusual of years

They should have followed Revlon's Double Twist mascara slogan of 2009: "It's worth a double take"
Blockchain might not eradicate all problems in credit, but it should reduce human error

US CLO league tables: AGL grabs new issue lead
AGL Credit Management has added to an impressive run of CLO deal-making, pricing its fifth US new issue of 2020

Global CLO league tables - August 2020 YTD
Global CLO league tables - August 2020 YTD

Points up front: How much do I owe you?
Payment systems in the credit industry had a bad August

First Eagle prices one-year mid market CLO
First Eagle has priced its latest CLO backed by middle market loans

Highland no longer defendant in Citi's Revlon loan lawsuit
Citi has dismissed its suit against Highland Capital Management as it seeks repayment on a Revlon loan, according to court filings. The lawsuit remains open against another 11 defendants

Court meets Citi and defendants in middle with trial pushed to November
The Court overseeing the Citi Revlon wire transfer case has met Citi and the defendants in the middle, adding that “a more realistic, but still expedited, trial date should be adopted”

Oak Hill refinances fixed rate notes from 2012 CLO
Oak Hill Advisors has refinanced the double A notes of its oldest CLO, OHA Credit Partners VII, which originally issued in 2012

Barclays prices Brigade US CLO after picking up mandate last week
Barclays has priced the new CLO for Brigade Capital Management that it dramatically grabbed the rights for last week after Citi resigned its role as arranger

Brigade picks Barclays to get CLO over the line after Citi steps down
Brigade Capital Management has assigned the mandate for an upcoming CLO to Barclays after Citi resigned from its role as arranger last week, sources say

Citi files lawsuit against nine more lenders over 'accidental' $900 million Revlon transfer
Citi has filed a new lawsuit against nine more asset managers regarding its transfer of $900 million to Revlon lenders, which Citi says was made mistakenly. The bank is looking to claim the money back against lenders 

Octagon prices CLO with lowest funding costs since covid-19 outbreak
Octagon Credit Investors priced the tightest three-year CLO since the coronavirus-triggered sell-off on Wednesday, with the firm's latest transaction, named Octagon Investment Partners 48, printing at a weighted funding cost of just 200.01 basis points over Libor

Big US banks pull back from CLO primary market to preserve cash
CLO triple As have tightened substantially in recent weeks to tights of 155 basis points in the primary market - but sources say the big US banks that typcially invest in these bonds are not buying

Don’t obsess over the state of your OC cushions
During Creditflux’s live CLO webinar last month, panellists agreed that fighting to keep an over-collateralisation test in compliance could do more harm than good in the long term

Euro CLO league tables: Apollo blasts its way to top spot
July marked the largest month of European CLO issuance since coronavirus pandemic-induced volatility hit financial markets

Global CLO league tables - July 2020 YTD
Global CLO league tables - July 2020 YTD

US CLO league tables: refis return as Apollo and Citi maintain leads
US CLO monthly issuance rose above $8 billion in July for the first time since the coronavirus pandemic wreaked havoc across the globe

DoubleLine makes CLO comeback with first new issue in over a year
DoubleLine Capital has returned to the CLO primary market with Parallel 2020-1, its first new issue in over a year

Five Arrows prices same-day CLOs in US and Europe for first time
Five Arrows Managers broke new ground on Friday after pricing two CLOs on one day for the first time in its history

Credit Suisse's head of European CLO syndication to join Citi
Credit Suisse's head of European CLO syndication and origination is set to make a move to Citi, to partly fill the void on the bank's primary CLO desk

CBAM returns to US new issue CLOs with highly unusual twist
CBAM on Monday made its return to the US CLO new issues, pricing one of the market's most unusual transactions following the coronavirus outbreak

Carlyle prices fourth largest covid-era CLO with $499.4 million new issue
Carlyle Group has priced one of the largest new CLOs following the March sell off, teaming up with Citi to issue the $499.4 million Carlyle US CLO 2020-1

Nassau makes CLO primary return with one-year new issue
Nassau Corporate Credit has priced its first new CLO since the coronavirus sell off, with the $251.75 million deal set to run a short one-year non-call period

CLO pipeline: break's over - time to print deals
The CLO market has taken a slight pause after the independence holiday in the US last weekend, meaning the CLO pipeline includes a backlog