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

Ucits at a glance: Robus claims top spot in 2021 after tight race
Ucits funds have ended 2021 on a high as 62% made positive returns in December

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

AGL issues fourth core CLO with low leverage ratio
AGL Credit Management has priced the fourth in its 'core' series of low-levered CLOs, pairing with BNP Paribas to print the deal

Loans will be winners in bearish year for credit: BNP Paribas
Floating rate loans are best positioned for a year of widening credit spreads, but high yield bonds will outperform investment grade and EM credit is set for losses, says BNP Paribas in its 2022 outlook

Nuveen cuts 2020 CLO funding costs by 40bp with refi
Nuveen Asset Management cut the funding costs of one of its 2020 CLOs by almost 40 basis points by refinancing the deal on Wednesday

Antares and Palmer Square give new life to legacy CLOs via resets
Antares Capital Management and Palmer Square Capital Management each reset a CLO on Tuesday, with the two deals worth a combined $964.8 million

Investcorp reworks 2020 European CLO via BNP Paribas
BNP Paribas arranged the €443 million transaction, which cuts the CLO’s cost of debt by over 18 basis points to 190.3bp

Nochu returns to CLO new issues after two-year break
Norinchukin Bank made its long-awaited return to the CLO primary market last month, investing in US CLO triple A notes once more

Sofr transition timing puts CLO debt and equity at odds, says BNP Paribas
CLO investors look to have tough conversations ahead on the structure implications of the transition from Libor to Sofr, with BNP Paribas strategists noting CLO debt will benefit from an early move while equity tranches would do better to wait

BNP Paribas AM cuts CLO tranche costs throughout structure with refi
=BNP Paribas Asset Management has refinanced a 2019 Euro CLO, arranged via its banking arm, with tightening across all tranches

PGIM drops fixed rate triple A tranche in reset
PGIM has paired with BNP Paribas to price the reset of its 2019 European CLO named Dryden 69

Blackstone passes $5 billion in US CLOs this year with 10th new issue
Blackstone Credit teamed up with BNP Paribas on Friday to print its 10th US CLO of 2021, becoming the second manager in history to pass $5 billion annual issuance

Partners goes long again with five-year European CLO
-Partners Group has priced its latest European CLO, named Penta CLO 10

US CLO pipeline: Go long! Refis fall from favour as AMMC looks to join list of 2021 issuers
The only record left to fall this year in US CLOs is 2017’s refinancing total of $102.8 billion with the market $6.3 billion shy. Yet this segment shows little interest to break more records with the pipeline filled with new issues and resets as longer tenured deals are preferred.

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