Think of the arb, say US CLO panelists after big loan drop
Far from being a cause for alarm, falling loan prices have brought a welcome opportunity in new CLO issuance for managers and investors, according to speakers at the Creditflux Symposium in London today

Euro CLO league tables: PGIM and Jefferies lead as Euribor caps come back in fashion
April was the quietest month of the year in the European CLO market with only €2 billion pricing across four new issues and one reset

European CLO managers aim for bigger bond bucket fix
European CLO managers are eyeing larger fixed rate bond allocations amid dislocation and lower loan supply. This has, in turn, led to an increase in fixed rate tranches

Nuveen new CLO brings triple As at market tights of 142bp
Nuveen Asset Management priced a new CLO on Wednesday, placing its triple A notes at the market tights of 142 basis points over Sofr

PGIM opts for two-year reinvestment on Euro CLO with triple As at 110bp
BNP Paribas arranged the €401.3 million deal, which features a shorter than traditional reinvestment and non-call period 

Octagon prints largest CLO in over two and a half years
Octagon Credit Investors priced a $610.2 million CLO on Thursday, its largest new issue deal since October 2018

142bp emerges as triple A benchmark spread as Blackstone prices new CLO
Blackstone Credit priced a new CLO on Wednesday, placing the senior triple A notes at Sofr plus 142 basis points

WhiteStar gets off the mark in Europe with reset of 2020 CLO
WhiteStar Asset Management has reset a 2020 vintage former MacKay Shields European CLO, slashing triple As down to 117 basis points over Euribor and adding additional equity

KKR prices CLO with unusual reinvestment-call lock profile
KKR has priced a rare CLO with a short reinvestment window but long non-call period

Steele Creek fashions first new CLO in nearly three years
Steele Creek Investment Management staged a longawaited CLO comeback on Monday by printing its first new issue since July 2019

Napier Park prints triple As at 132bp in new US CLO
Napier Park Global issued its first CLO of the year on Thursd

Trinitas resets 2019 CLO in line with recent new issues
Trinitas Capital Management on Tuesday reset its 2019 CLO, Trinitas X via BNP Paribas, according to market sources

LCM tightens triple As on 2017 CLO with partial refi via Morgan Stanley
LCM Asset Management has partially refinanced a 2017 vintage CLO, cutting the cost of its triple A tranche

PennantPark prints mid market CLO with triple As at 170bp
PennantPark Investment Advisers on Friday priced its first middle market CLO of 2022

Neuberger Berman refis 2019 US CLO with fixed rate triple As
Neuberger Berman has teamed up with BNP Paribas to refinance the entire capital stack of its 2019 CLO named Neuberger Berman Loan Advisers CLO 34

Sculptor prices European CLO and establishes 92bp as triple A benchmark
European CLO new issue floodgates have opened with Sculptor Capital Management’s European CLO IX the latest deal to price, following the first four new issues of the year to price end of last week

Barings and BNP Paribas team up for first European CLO reset of year
BNP Paribas has reset Barings Euro CLO 2015-1 with all tranches (bar the double Bs) pricing roughly in line with December resets.

BNP Paribas bolsters CLO sales team with hire from DB
BNP Paribas has hired a Frankfurt-based CLO and ABS sales director

CIFC turns three-year CLO into five-year deal with reset
CIFC has turned its three-year reinvestment deal named CIFC Funding 2014-IV-R into a full five-year transaction with a reset via BNP Paribas

CLO 2022 Outlook: 2021 is hard act to follow, but CLO buyers have positives aplenty
New CLO issuance in 2022 will remain elevated but below 2021’s record numbers, banks agree. But there is no consensus among strategy desks on the volume of repricings to come, partly due to the unknown impact of the Sofr transition.   

CLO extremes will do well in '22 but mezz needs caution: BNP Paribas
The extreme parts of CLOs' capital structures will offer best value in 2022, but investors should be cautious on mezzanine tranches and consider hedges, say BNP Paribas strategists

Correction: ArrowMark, Octagon and Trimaran print five-year CLOs
ArrowMark Partners, Octagon Credit Investors and Trimaran Advisors each priced a five-year CLO on Monday

Three managers think alike with refis of two-year European CLOs
Three European CLO managers hit the primary market on Friday to print two-year refinancings. This deal profile has been popular of late with seven such deals pricing in little over a month

Blackstone uses CLOs as financing tool in new suite of deals
Blackstone Credit has added three non-traditional US CLOs to its collection this year

Invesco Euro CLO triple As leak wider to 99bp, but mezz tranches print tight
Invesco on Tuesday priced the 90th European CLO new issue of the year with Invesco Euro CLO VII. BNP Paribas arranged the €407.5 million deal