US refis issue from TPG Angelo Gordon, Invesco and Columbia
The three managers refinanced US CLOs at the close of last week, with the repriced paper totalling just over USD 1bn in value

CLO manager M&A driven by search for talent and scale
Irradiant’s star investor Maji set to depart as firm is acquired

TPG Angelo Gordon prices its first private credit CLO since September
The manager added to the list of middle market deals this year with a new USD 397m issue  

Angelo Gordon refinances CLO that turned heads with step-up structure
Triple-A investors in the Northwoods Capital XII-B reissued step-up tranche had a great run, but have now be refinanced

Angelo Gordon prints fourth middle-market CLO in Twin Brook series
Middle market CLO issuance continues to grow with the pricing of a new deal from Angelo Gordon 

Angelo Gordon adds fresh equity for 2018 CLO reset
Angelo Gordon’s latest reset of a 2018-vintage CLO saw a huge equity injection. The deal was originally a reissue of a 2014 deal.

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.

Twin Brook grows MM CLO business with upsized deal number three
Angelo Gordon yesterday priced the third iteration of its Twin Brook series of middle market CLOs in a USD 445.75m transaction, upsized from an initial USD 350m

Third time is the charm as Northwoods Capital 22 CLO gets reset
New York-based Angelo Gordon has reset and upsized its Northwoods Capital 22 CLO. The deal originally dates back to 2020, when it was initially sized at USD 294.8m, before being refinanced in 2022.

More than $1 billion new mid market CLOs print from Angelo Gordon and Cerberus
Angelo Gordon and Cerberus Business Finance each priced a new middle market CLO on Friday, with the two deals totalling over $1 billion in new issue volume

Experienced CLO PM parts ways with Angelo Gordon
An experienced CLO portfolio manager has left the firm, having built out its European platform

US CLO pipeline: five-year triple As solidify at 220bp
US CLO spreads are showing signs of widening as the benchmark triple A levels shift by 10 basis points. Senior triple As are aiming for a 220bp benchmark as LCM Asset Management and Neuberger Berman market five-year deals

US CLO pipeline: MidOcean and Seix look to end three-year drought as others rock and reload
14 US CLO managers are in various stages of marketing their latest offerings, with a wide scope of names for investors to choose from

US managers recalibrate as Euro CLO portfolio spreads rise: Moody's
CLO managers have had to readjust this year and data from Moody’s Investor Services shows weighted average rating factor scores for all US CLOs have held steady, while weighted average spreads have dropped 0.15%

Quick! Avaya has ignited and $1 billion of CLO assets are at risk
Sparks are flying in the leveraged loan and high yield market after communications company Avaya Holdings slashed its forecasted earnings mere weeks after syndicating new debt. The rapid decline of Avaya's debt has left CLO managers little time to avoid the blaze

Euro CLO league tables: short on deals but high on drama as new issuance race tightens up
For the second straight month, European CLO volume was below €2 billion, making it the first time there has been back-to-back months of less than €2 billion issued since November and December 2020

Investors turn to secondary market amid recession fear
CLOs and loans weathered a sudden sell-off in May as investors began to factor in a higher likeli-hood of recession

CLOs at a glance (June 2022)
A listing of CLOs that have priced in the last month
 
   

Envision exchange leaves some lenders sick, but CSAM finds prevention is better than cure
Envision Healthcare’s distressed debt exchange has rocked the CLO market, with over $1.68 billion of the firm’s loans held by US CLOs. But some of the largest managers have avoided the name completely 

Angelo Gordon prints 30th European CLO new issue of 2022
The €447.95 million deal, named Northwoods Euro CLO 26, brings CLO new issuance volume this year to €12.6 billion, according to Creditflux data

US CLO refis return with Angelo Gordon pricing first since February
Angelo Gordon refinanced its Northwoods Captital 22 CLO on Tuesday, completing the first successful CLO refi in two and a half months

Mid market CLO league tables: Late flurry takes Wells Fargo top as Golub leads again with records tumbling
For the second year in a row, and for a fourth time in five years (when Creditflux’s CLO league tables began), Golub Capital and Wells Fargo finished atop the manager and arranger mid market CLO league tables, respectively

Mid market CLO league tables: deal record breaks as Wells Fargo gains new issue lead
The mid market CLO space had a record-breaking month in November on three counts

Angelo Gordon keeps hold of mezz tranches with mid market CLO
Angelo Gordon has moved into middle market CLOs by printing its first deal backed by loans to middle market companies. The firm retained all junior and mezzanine liabilities in a deal that appears not to carry a public rating

Angelo Gordon unit set to break into mid market CLOs
Twin Brook Capital Partners is preparing its first middle market CLO, in a move which would put Angelo Gordon alongside Blackstone as the firms with the most rounded CLO businesses