It's All Relative: CQS, Capital Four and Tikehau look for CLO breakthrough as debutant premiums drop
The number of US CLO issuers in 2021 could be about to reach 106 with Capital Four, CQS and Tikehau looking to price debut deals, with price talk set at ambitious levels

Jefferies brings two CLOs to market and takes US CLO arranging total past $20 billion
Jefferies has brought two CLOs to market to take its arranging total past $20 billion

These CLO docs could be better
It seems there’s not much to worry about if you’re in the CLO market. In Creditflux’s CLO Census, voters said docs should follow a template as Jefferies, AGL and Hayfin emerge as rising stars

Four CLO managers reset or reissue $2 billion worth of CLOs
CBAM, Marble Point Credit Management, Oak Hill Advisors and Sound Point Capital Management have each reset or reissued a CLO, with the four deals totalling over $2 billion

CLO Census results: Citi and JP Morgan still top in US but Jefferies breaks through in Europe
Citi and JP Morgan are the clear favourites in US CLO arranging – the pair are locked in a close battle for supremacy over deal volumes and they have been voted joint-best at US CLO execution, according to the results of Creditflux’s CLO Census

Zais CLO reset prices wide of market, but strong portfolio boosts junior tranches
Zais Group has followed up its new issue CLO last month by resetting a 2020 CLO, sources say. Just like Zais CLO 17, the reset Zais 16 was arranged by Jefferies, and again priced substantially wide of market averages. However, the junior notes priced in line with, and at times tighter than, Zais 17 – perhaps reflecting the strong positioning of Zais 16’s portfolio.

Apex refinances triple A-free CLO from 2019
Apex Credit has refinanced an unusual CLO from 2019 that was structured without triple A-rated debt liabilities

CLO reset surge extends with over $1.7 billion pricing on Friday
CLO reset supply was elevated for a second consecutive day on Friday as $1.7 billion priced across four deals

Bardin Hill prints first new CLO with Jefferies as arranger
Bardin Hill Investment Partners teamed up with Jefferies on Friday to print its first ever CLO arranged by the bank

GoldenTree, Steele Creek and TCW hit primary CLO market to rework legacy deals
GoldenTree Loan Management, Steele Creek Investment Management and TCW Group all took to the CLO primary market on Friday to rework legacy CLO transactions

Par-Four goes whistling straight for the CLO market as it resets 2018 deal
One the eve of the Ryder Cup tournament, the CLO industry’s golfing fanatic Par-Four Investment Management has reset a 2018 US CLO

$1 billion CLOs refinanced as Carlyle, Carlson and Z Capital print deals
Over $1 billion CLO refinancings priced on Friday after three managers took to the primary market to refinance deals

CQS scores equity deal with Jefferies as it plans to break into US CLOs
CQS has entered into a strategic partnership with Jefferies to support a new CLO management business in the US, according to a statement from the firm

Global CLO league tables - Aug 2021 YTD
Global CLO league tables - Aug 2021 YTD

Zais CLO employs unusual triple A debt structure
Zais Group teamed up with Jefferies on Thursday to print its first new CLO in over 12 months

Elmwood, LCM and MJX each print new issue CLOs
Three CLO managers - Elmwood Asset Management, LCM Asset Management and MJX Asset Management - came to market with new issue CLOs on Wednesday

Bain passes $2 billion of CLO issuance in 2021
Bain Capital Credit priced its fourth US CLO of the year on Thursday, bringing its new issue volume for the year over the $2 billion mark

B. Riley hires ex-Jefferies high yield head and plans fixed income expansion
B. Riley Securities has hired Tim Sullivan as head of fixed income with the firm expanding its fixed income division

TCW resets twice-AMR refinanced 2019 CLO
TCW Asset Management has reset a 2019 CLO that it had previously refinanced twice via applicable margin reset auctions

Global CLO league tables - Jul 2021 YTD
Global CLO league tables - Jul 2021 YTD

MJX prints $407 million CLO refi
MJX Asset Management has priced a $407 million refinancing of the triple to single A notes of its 2019 CLO Venture 37

Zais prices wide of the market with reset of post-covid CLO
Zais Group on Thursday became the 30th manager to reset a post-covid CLO, teaming up with Jefferies to rework Zais CLO 15 from June 2020 and renewing the deal's reinvestment period for three years

Jefferies and SMBC form $2.25 billion partnership
Jefferies and SMBC Group have announced an alliance which will see SMBC provide a $1.9 billion credit facility to Jefferies Finance, the leveraged finance affiliate of Jefferies, and $350 million to Jefferies Group.

Hayfin pairs with Jefferies on first new US CLO of year
Hayfin Capital Management returned to the CLO primary market on Friday with its first US new issue deal of 2021

PGIM and Sculptor add to CLO reset wave
PGIM and Sculptor Capital Management have thrown their hats into the CLO reset ring