New Euro issuance returns with a flourish as HPS, Brigade and Palmer Square price deals
European managers are well and truly back from summer holidays, with three new CLOs printing on Wednesday – the first new European issues to price in four weeks

HPS markets new issue as European deal activity ramps up
The manager is marketing its newest European CLO, one of a brace of new issues and resets set to price this month

KKR breaks 130 barrier for Euro CLOs as brace of resets wrap up August
KKR has smashed the 130 barrier for standard-duration European CLO triple As for the first time since April, while Redding Ridge and BlueBay also priced resets to end the month

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 

Five Arrows resets CLO with EUR 100m equity injection for first 2025 print
The EUR 476m transaction repriced a CLO last reset in 2018, and saw total equity boosted to EUR 142m

US triple A floor reinforced at 128 as Blackstone prices latest new US issue
The deal priced with a weighted cost of debt six bps inside the rolling two-week average for new US CLOs

KKR keeps busy with new Euro print
The deal comes the day after the manager priced the tightest European reset since April, both deals issuing their triple As at Euribor plus 132bps

KKR issues third new US CLO for the year
The USD 402.5m deal priced its senior triple As at SOFR plus 133bps

Blackstone matches current AAA market tight for new US BSL deals
The half-billion-dollar Higley Park CLO priced the top of the stack at SOFR plus 128bps

Napier Park prices third new Euro issue of the year
The triple As for last week's EUR 405m transaction cleared at Euribor plus 133bps

Sixth Street prices its third new CLO in three months
The triple As for Sixth Street CLO 30 priced toward the tighter end of current pricing, at SOFR plus 130bps

Audax sets lowest AAA tight for new mid-market CLOs in three months
The manager's latest new issue priced its triple As at SOFR plus 160bps, a low for the current market

Golub and Antares price almost USD 2.5bn of mid-market CLOs on bumper day of issuance
BNP Paribas arranged a trio of CLO resets between the two managers

Blackstone prints its second static deal for 2025
Stratus Funding CLO 2025-1 comes six weeks after the manager's prior non-reinvesting CLO so far this year

Bain sees moderate narrowing with refi of three-year-old CLO
The USD 544m repricing covered all but the deal's fixed-rate triple A tranche

Trinitas returns to market with fresh US BSL CLO
Trinitas Capital Management has printed its latest new US BSL issue, as dealmaking activity in the CLO market remained robust

Ares 'bespoke' mid-market CLO unlocks UK insurance capital
Ares’ debut mid-market European CLO employs a highly unusual structure that allows it to attract investments from UK insurance firms

CLO markets enter “new regime of volatility” – BNP Paribas research

Donald Trump’s tariffs could make CLOs more volatile, while potential oversupply and weakening fundamentals could hit spreads. Primary triple-As, IG mezz, and quality long-dated CLO equity “attractive”

Europe sees first reinvesting private credit CLO as Ares prices rare sterling deal
The second private credit CLO in Europe is comprised of over 50 middle-market companies based in the UK, primarily operating in defensive industries

AXA resets 2022 European CLO second time
The EUR 321.66m repricing included a substantial equity upsizing

Golub prints mid-market CLO with tightest triple As since April
The USD 1.15bn transaction priced its senior triple A paper at SOFR plus 163bps

Euro CLO spreads tighten as Onex prices latest new issue
The CLO was the tightest to price in Europe since the resumption of issuance three weeks ago, both for triple As and the mezz

Oak Hill goes short for newest US CLO
The 1Y/3Y issue priced its senior triple As at 133bps above SOFR