It’s all going to plan
Whether managers are relaxed because they can make up losses later, or are putting more money into their deals, panellists on the Creditflux West webinar weren’t panicking about OC breaches

US triple A spreads hit 160bp as GSO prices second post-covid CLO
Triple A spreads on new issue US CLOs have further tightened to 160 basis points

Bond buckets and greater flexibility: CLO market prepares for '3.0' era
3.0 CLOs are likely to see structural tweaks that give managers more flexibility in their investments, according to panelists on the Creditflux West webinar, which was held yesterday

PGIM prices three-year US CLO via BNP Paribas as covid-era limitations ease
PGIM has priced the second new issue CLO to run a three-year reinvestment period following the market dislocation triggered by the coronavirus pandemic

Bank's former US CLO syndication head lands at Apollo
The former head of US CLO syndication at a bank has joined Apollo Global Management for a dual role in the firm’s structured credit business

Voya reworks second CLO in space of two weeks
Voya Alternative Asset Management has reworked a second CLO in as many weeks, with the manager turning to BNP Paribas to refinance four tranches of Voya CLO 2014-2

Redding Ridge prices senior triple As at 123bp in new US CLO
Redding Ridge Asset Management teamed up with BNP Paribas today to issue the manager’s latest new issue CLO, known as RR 8

GSO joins exclusive club of US CLO managers to price triple As under 100bp
GSO Capital Partners joined a select few US CLO managers that have priced a deal this year with triple As paying under 100bp

US CLO league tables: old deals get a fresh start in the new year
The majority of CLO issuance last month was in all forms of repricings, which totalled $4.8 billion and accounted for 54.5% of US CLO volumes

First AMR auction passes smoothly with all bonds trading
The first applicable margin reset (AMR) auction took place between 8am and 10am eastern time yesterday to refinance TCW CLO 2019-1, with all five tranches clearing successfully

Medalist makes CLO breakthrough with $305.9 million new issue
Medalist Partners Corporate Finance has priced its first CLO since rebranding from JMP Credit Advisors, according to market sources

Medalist prepares first CLO since 2019 rebranding
Medalist Partners Corporate Finance is preparing to price the first CLO under its own moniker, according to market sources

CLO 2020 outlook: lower volumes predicted, but it’s not all bad news
US CLO issuance is expected to drop by roughly 20% next year, according to bank research desks. This comes after a solid 2019 in which $101 billion of new US CLOs have priced through 92 managers, as Creditflux goes to press

AGL follows up October CLO debut with new low-levered deal
AGL has made good on its low levered CLO promise after pricing AGL Core CLO 2 via BNP Paribas on Friday

AGL targets new strategy with unusual low-levered CLO
AGL Credit Investors is testing the water with a new CLO structure, according to market sources

Double Bs tighten as Regatta prices junior CLO debt at 730bp
Regatta Loan Management, the CLO management entity linked to Napier Park Global Capital, has joined the select number of US CLO issuers to price double-B rated debt at less than 800 basis points

CLO pipeline: ESG, risk retention and secondary loans come to the fore
Managers new and old are trying different strategies and structures to price their latest deals    

Mid market CLO league tables: springing back into life after September drought
After a September hiatus, three managers returned to mid market CLOs in October to bring issuance back on track as monthly volume exceeded $1 billion for the sixth time this year

CLO syndication head exits BNP Paribas
BNP Paribas' head of US CLO syndication has parted ways with the bank, according to market sources, ending an eight-year stay at the firm

Neuberger Berman becomes latest manager to put AMR into CLO
Neuberger Berman on Friday priced its latest CLO offering named Neuberger Berman Loan Advisers CLO 34 via BNP Paribas

Monroe becomes first manager to price mid market CLO since August
Monroe Capital has priced the first middle market CLO since August in a $454.35 million deal arranged by BNP Paribas.

Neuberger and BNP Paribas team up for first new CLO as partnership for five years
Neuberger Berman Loan Advisors is teaming up with BNP Paribas on a CLO transaction for the first time in five years

Voya prices short reset of its oldest active CLO from 2012
Voya Alternative Asset Management has brought back the three-year CLO reset, pricing the first of these short transactions since August

Symphony prices unusual post-reinvestment CLO refi
Symphony Asset Management has taken the rare step of refinancing a post-reinvestment CLO, according to market sources

PGIM teams up with BNP Paribas for new issue US CLO
PGIM priced its fifth new issue CLO of the year on Friday in a $401.3 million transaction arranged by BNP Paribas