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

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

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

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

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

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

Natixis adds to CLO refi resurgence as it cuts funding costs for TCW
Natixis has priced the second CLO refinancing amid the coronavirus pandemic, bucking the trend by helping managers lower their funding costs despite the wider spread environment

Beneath the triple C: downgrade rate slows as $8 billion of CLO loans tumble
May offered some respite to CLO portfolios as corporate downgrades to triple C were reduced heavily - affecting just $6.67 billion of US CLO paper and €1.09 billion of European CLO portfolios

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

Global CLO b-wic round-up: that's another fine mezz you've gotten me into
European CLO investors are tripping over themselves to buy mezzanine paper in the secondary CLO market

Global CLO round-up: welcome back, give us a (refi) wave
Tighter corporate credit spreads means new issue volumes are down, but it makes a decent entry point for new CLO managers to price deals and also makes refinancing CLOs imperative

CLO managers suffer puncture with $85 million of Jack Cooper debt
CLO managers hold $85.8 million of exposure to auto hauler Jack Cooper Ventures, which filed for Chapter 11 bankruptcy, according to the latest trustee reports from CLO-i