Strong reset momentum as US managers price USD 2bn of CLOs in one day
US reset issuance maintained its strong momentum into the close of last week, with five deals worth a combined USD 2.04bn pricing on Friday

Benefit Street reset doubles equity, slashes AAA spread
Benefit Street Partners has reset a nearly USD 1bn 2022-vintage US BSL-backed CLO arranged by JPMorgan 

Angelo Gordon adds 2014 US refi to its roster
Angelo Gordon kicked off May as it wrapped up April, with the pricing of another US deal – on this occasion, a partial US refi.

Global CLO league tables - April 2023 YTD
Global CLO league tables - April 2023 YTD

Global CLO league tables - October 2022 YTD
Global CLO league tables - October 2022 YTD

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

CSAM issues new $476.3 million CLO
Credit Suisse Asset Management priced a new CLO on Friday at $476.29 million

Nuveen and Ares print fourth US CLOs of 2022
Ares' CLO feature four triple-A rated tranches and Nuveen's deal is structured to comply with European risk retention

Beneath the triple C: ebbs and flows leave triple C levels at a temporary stasis
Following a rising tide of downgrades in May the loan market stabilised somewhat in June, with seven issuers held by CLOs downgraded to triple C and a counter-swell of five names upgraded to single B.

Three new deals bring weekly US CLO reset volume to $3.9 billion
Three US CLO resets priced on Thursday, bringing weekly reset volume for the week to $3.9 billion across eight transactions

Eerie calm breaks as bears return to feast
After what looked a calmer and even buoyant start, credit markets have again pushed wider on Monday as investors wrestle with competing view on outlook for central bank policy

CLO resets flood in with $2 billion printing across five deals
Five US CLO resets priced between Friday and Monday for a total volume of over $2 billion, covering a wide array of managers and different CLO vintages

US plays catch up with Europe as spreads reconverge
There has been a slight softening of European credit on Tuesday, even as stocks hold onto their record highs and US credit spreads take their chance to close the gap after recent underperformance

First Eagle CLO notches up highest control equity trade on b-wic since at least 2017
The fourth control position in a US CLO was listed yesterday at 12pm EST (5pm UK time) as $33.43 million of Wind River 2017-4, a First Eagle managed CLO, was up for sale along with two other US CLO equity items

Five refis add $1.43 billion to CLO market
The CLO primary market has absorbed another $1.43 billion of refinancing paper as five managers printed cost-cutting transactions

Global CLO league tables - February 2021 YTD
Global CLO league tables - February 2021 YTD

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  

Bain features triple B discount in third-tightest CLO post-covid
Bain Capital Credit priced its first CLO of 2021 on Monday, securing the third tightest funding costs for a five-year reinvestment deal post-covid in the process

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

US looks for stronger open after sell off
US credit is opening slightly stronger on Thursday, after its sharp Wednesday rout, prompted by Federal Reserve messaging, carried over forcefully into Asian and European markets

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

Onex targets high yield bonds after bumper year of US bond issuance
Onex Credit is fundraising for Onex High Yield Bond Fund, according to SEC filings seen by Creditflux

Crossover dips below 300bp as retailers leave the basket
The removal of defaulting constituents Hema  and Matalan from iTraxx Crossover has helped take the index to its tightest prints since the start of the coronavirus sell-off

Acis CLO fights back against risk retention financier
A 2014 US CLO which was part of the acrimonious split between asset managers Acis Capital Management and Highland Capital Management has become the centre of a dispute stemming from a risk retention financing agreement signed in 2018