Credit Rendezvous: Credit spins full circle
The third quarter was massive in terms of volumes with CLOs, high yield, leverage loans and private equity registering record issuance. But credit spreads were up and down as inflation fears, crackdowns in China and rising coronavirus cases became catalysts for risk-off sentiment in July and September

Medalist prices first new US CLO since January 2020
Medalist Partners has priced its first new US CLO since it took full control of Medalist Partners Corporate Finance (formerly known as JMP Credit Advisors) from JMP Group in July, ending a 21-month break from the CLO primary market

CLO refi and reset volumes surge with $2.3 billion priced on Friday
CLO refi and reset volumes surged on Friday with $2.3 billion priced across the US market, according to market sources. Brigade Capital Management, MidOcean Credit Partners and New Mountain Capital reset regular-way CLOs, Blackstone Credit scored a regular CLO refi, Sculptor Capital Management refinanced a bond-heavy CLO, and Ivy Hill Asset Management reset a middle market CLO

Everyone’s ramping

Invesco, Napier Park and Oaktree refinance 2019 CLOs
Three CLO managers - Invesco, Oaktree Capital Management and Napier Park Global - have each refinanced a 2019 CLO, with the three deals totalling over $1.5 billion

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

Deutsche Bank adds credit trading head to US build out
Deutsche Bank is looking at the next phase of its US development with the hire of a credit trading head from another bank 

PGIM upsizes late 2020 CLO by over $50 million
PGIM has teamed up with BNP Paribas to reset its September 2020 CLO named Dryden 85, upsizing the deal by $51.6 million in the process

Neuberger Berman, Sculptor and First Eagle tap CLO refi market
Three CLO managers refinanced 2019 CLO paper worth a total of $1.44 billion on Friday

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

Fight for leaderboard top-spot intensifies as Blackstone prints Peace Park CLO
Blackstone Credit priced its seventh US CLO of the year on Tuesday just days after Carlyle Group became the first manager to achieve the feat, as the two firms battle for top spot on the leaderboard for issuance in 2021

Carlyle shoots to top of issuance leaderboard with huge seventh US CLO
Carlyle Group is the CLO manager with the highest US issuance volume so far this year after becoming the first firm to print seven new CLOs

Vibrant mirrors first CLO of year with follow-up via BNP Paribas
Vibrant Capital Partners priced its third new issue US CLO on Thursday and its second via BNP Paribas

Napier Park takes CLO regatta to 20 vessels
Napier Park has brought its first new US CLO in nearly six months, pricing the upsized deal in line with guidance via BNP Paribas

Octagon slashes 55bp from CLO funding costs by resetting 2020 deal
Octagon Credit Investors has priced the reset of its 2020 deal Octagon Investment Partners 46 by partnering with BNP Paribas. 

BNP Paribas refis one-year CLOs managed First Eagle and Octagon
BNP Paribas arranged CLO refinancings for First Eagle Investment Management and Octagon Credit Investors, with both deals having only around one year of reinvestment remaining

Squarepoint draws big name options market maker to buy side
An experienced credit options trader has decided to join the systematic and quant strategies manager in a change of career from working on the sell side

AGL and Partners upsize legacy CLO deals with resets
AGL Credit Management and Partners Group each priced a CLO reset on Monday, with both firms opting to upsize their legacy deals in the process

CLO demand drives loan outperformance versus bonds
Leveraged loans could be set for their strongest run of outperformance over high yield bonds since 2017, say investors and strategists ­— if the CLO engine and an influx of money to funds continues to drive flows

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

AGL and Blackstone reset and upsize post-covid CLOs from 2020
AGL Credit Management and Blackstone Credit added to their respective 2020 CLO reset sprees on Monday, with both managers upsizing their post-covid deals

Tranche trader leaves Apollo for sell side
BNP Paribas has filled a gap in its structured credit trading group with the hire of an index tranche market maker

CLO demand to drive loan outperformance over bonds: BNP Paribas
The buying power of CLOs and funds could mean leveraged loans rally further and outpace high yield bonds, says BNP Paribas' credit research team

MidCap and Steele Creek add to 2019 CLO refi supply
Steele Creek Investment Management and MidCap each refinanced a 2019 CLO on Friday

Bardin Hill refinances triple A notes of 2017 CLO to 108bp
Bardin Hill Investment Partners refinanced the triple A notes of Halcyon Loan Advisors Funding CLO 2017-2 on Monday