CLOs at a glance (November 2021)
A listing of CLOs that have priced in the last month

Angelo Gordon prints second Euro CLO new issue of the year
Angelo Gordon has priced its latest new issue European CLO, Northwoods Capital Europe 24 via Citi

Angelo Gordon inserts loan tranche as it prints second-largest CBO ever
Angelo Gordon has issued the second-largest bond-heavy CLO in the market, teaming up with JP Morgan to print the $847.7 million deal named AG CC Funding II

Angelo Gordon prints second new CLO of 2021
Angelo Gordon priced its second new CLO of the year on Tuesday, bringing its 2021 issuance volume over $800 million

Capital Four prepares for US CLO debut with four more hires
Capital Four says it has hired four team members to its New York-based US credit team as it expands its capabilities across the Atlantic

Heavy supply plus junior staff shortages create CLO logjam
A combination of unprecedented supply and a tight labour market is leading to a bottleneck in the CLO market, with service providers and banks stretching their resources to the limit

CLOs at a glance (July 2021)
A listing of CLOs that have priced in the last month

CLO equity fluctuates as resets trigger upsizes and downsizes
A once-rare move of CLO issuers upsizing or downsizing their equity tranches in resets is entering the mainstream

Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources

European CLO managers bake in triple C flexibility
Three European CLO managers are understood to have embedded language in post-covid CLO documentation that affords them flexibility in managing triple Cs, according to market sources

Loan pipeline builds to fuel US CLO production into Q2
US CLO new issuance, already on a high, is set to be spurred on by a healthy loan pipeline over the second quarter of 2021

Angelo Gordon CLO deputy portfolio manager departs
Angelo Gordon has lost a deputy portfolio manager from its CLO management team

Angelo Gordon features two tight triple A loan tranches in European CLO new issue
Angelo Gordon priced its first European CLO transaction of 2021 on Friday in a new issue deal named Northwoods Capital 23

CLO captive funds surge as US manager becomes latest to launch
The New York-based manager joins the likes of Kayne Anderson and GoldenTree this year to raise funds to invest in their own CLO equity and warehouse lines

Angelo Gordon joins ranks of bond-flex CLO issuers
Angelo Gordon teamed up with Credit Suisse on Thursday to issue its first ever bond-heavy CLO

Refis, resets and reissues back in vogue as four US CLO managers print deals
Various shades of CLO refinancings dominate the US CLO primary market with four deals - two refis, a reset and a reissue - printing on Wednesday for a total volume of $1.1 billion. This surpassed all US CLO refinancings in the six months from March to September last year

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

Angelo Gordon prices US CLO with make-whole on senior notes
Angelo Gordon has priced its first US CLO since the coronavirus outbreak, teaming up with Barclays to issue the $294.8 million Northwoods Capital CLO 22

Angelo Gordon sets Euro triple A benchmark with new CLO
The deal, a post-covid 19 tight for triple A pricing, also features a single B tranche, which have typically been absent from CLO capital structures post-covid 

CLO pipeline: Managers prepare to build on momentum in July
The demand for new issue CLO paper is strengthening with eight US CLOs, one mid market CLO and three European CLOs preparing to print in the coming days

OC health check: first senior breach in middle market pushes CLO tally to 13
41 CLOs have breached an overcollateralisation test in the last week, according to the latest trustee reports on CLO-i, taking the overall total to 182

CLOs process Internap bankruptcy as they hold $212 million
CLOs hold $212 million of the debt of Internap Technologies, which filed for Chapter 11 in the Bankruptcy Court for the Southern District of New York on on Tuesday

ESG pervades US CLOs but screening approach divided
Environmental, social and governance (ESG) investing is reshaping the US CLO market, with February bringing the first CLOs marketed that have explicit ESG-related investment criteria.

Euro CLO league tables: new issues shatter 2018’s record but total issuance falls
The European CLO market continues to grow at a record shattering pace with 2019 new issuance volumes totalling €29.8 billion, an 8% increase on 2018’s previous record figure, from 53 active managers

Two-year spreads gap out as Angelo Gordon prices short-dated CLO
Angelo Gordon has gone the short-dated route for its latest new issue CLO, named Northwoods Capital 20