New US CLOs see mezz widening even as issuance maintains steady pace
Over USD 2.4bn of new CLO paper priced on Tuesday and Wednesday as Blackstone, Nuveen, Voya, Sixth Street and KKR all printed new BSL transactions

Spreads widen and issuances pause as CLO managers react to market volatility
EXCLUSIVE: Triple-A tranches are widening by up to 10bps amid a slowdown in CLO reset and issuance activity, according to multiple sources

Golub reset sets fresh AAA market tight for private credit CLOs
Golub Capital Partners CLO 71(M)-R issued its top-of-stack paper at SOFR plus 135bps, two bps inside the previous low

Muzinich prices first new CLO in 12 months
The USD 407m BSL CLO priced via BNP Paribas, with the senior triple As clearing at SOFR plus 117bps

Software sell-off leads to improved CLO equity arb – BNPP
BNP Paribas is currently bullish on H2 2024 CLO equity in the US, largely due to its low NAV and low software exposure

Private credit manager Varagon prices second CLO
Arranged by BNP Paribas, the USD 592m MDL Structured Notes II is the manager’s first CLO issue since its market debut in October 2024

First BCRED deal for 2026 lowers AAA tight for private credit CLOs
The deal issued its top-of-stack paper at SOFR plus 137bps

Golub prices its first new BSL issue of the year
Golub Capital CLO 87(B) was priced at USD 407.7m, and arranged by BNP Paribas

US and European CLO markets to diverge amid volatility concern
EXCLUSIVE: High investor demand and strong technicals will protect the European CLO market from volatility

Sound Point's latest new US CLO issues AAAs at SOFR plus 126
The manager's latest deal, Brant Point CLO 2025-9, priced via BNP Paribas

AGL and Blue Owl issue new US CLOs
As issuance slows for the year, the managers priced deals via BNP Paribas and Bank of America

CLO dispersion set to increase in 2026 – BNP Paribas
Next year is likely to see increasing dispersion in credit performance off the back of a series of idiosyncratic credit events, BNP Paribas has forecast in its 2026 CLO outlook

BNPP highlights rising CCC exposure in private credit CLOs
BNP Paribas is bullish on the credit markets going into 2026, but has pointed to hints of credit deterioration, such as elevated triple C exposure in private credit CLOs

BlackRock, Onex issue at tighter end of recent deals with new US CLO prints
Both Magnetite LII and OCP CLO 2025-48 issued with weighted costs of debt under SOFR plus 150bps

BNP Paribas arranges trio of new US CLOs
The deals from Oak Hill Advisors, Trinitas and MidOcean totalled just over USD 1.2bn

Partners reworks two-year-old Euro CLO
The deal tightened its triple-A spreads by 42bps and lowered the overall cost of debt by over 53bps

Golub matches mid-market spread tights with reset of 2023 deal
The manager reworked Golub Capital Partners CLO 69(M)-R in a USD 922.5m issue, matching the spreads seen in its most recent new-issue mid-market CLO

Audax slashes cost of debt with two-year-old reset
The reworking of Audax Senior Debt CLO 8 saw the top-of-stack paper tighten in by 95bps, while the overall cost of funding was reduced by over 132bps

Sculptor and Barings price new US BSL CLOs
The managers priced similarly-structured new US BSL CLOs on Thursday via BNP Paribas and JPMorgan respectively

DWS resets third infra CLO this year
The manager reset its 2021-vintage RIN IV on Wednesday as a USD 366m offering, including a USD 6m equity injection

Mizuho EMEA names former BNP Paribas exec as CIB head
Matthew Ponsonby will become head of Mizuho EMEA’s corporate and investment bank, and president and CEO of Mizuho International on 1 October

New US CLOs price from Neuberger Berman, Bain and MidOcean
The three managers issued new BSL deals this week with comparable capital structures

Nuveen makes it 10 with Symphony 50
The manager's 10th transaction for 2025, a new BSL print, issued with spreads in line with the current market

Sixth Street and Blackstone match 125 benchmark with latest US resets
The repricings of both 2021-vintage deals priced their triple A paper at the current market tight

Morgan Stanley Direct Lending debuts inaugural private credit CLO
Morgan Stanley Direct Lending Fund, a business development company, has launched its first private credit CLO