New York Life prints USD 750m of CLO paper across two deals
The manager priced a new BSL issue and 2019-vintage refi over consecutive days this week

US MM CLO Rankings - January 2025
JPMorgan stands out in January private credit CLO issuance, in our US MM CLO league tables

   

US CLO primary roundup - 4 October 2024
Yesterday's deals included a notable new issue from GoldenTree that priced with triple-As at 133bps, the first deal to break through the 135bps floor set almost three months ago

Fortress US CLO refi shows tightening throughout the stack
Fortress Investment Group paired with Bank of America to price a 2022-vintage US BSL CLO refi on Thursday, its seventh deal of the year

European CLO primary spreads still have a long way to go
Are European CLO spreads in the primary market cheap or expensive? Our latest research shows that while US managers can celebrate AAAs reaching the 150s, in Europe spreads still have a long way to go to reach historical norms.

CLO investor expands into IG tranches with new global fund
The junior CLO debt and equity investor is going up the capital stack to invest in single A and triple B tranches

Beneath the triple C: Stormy October hits CLOs with rising tide of downgrades
After a slight respite in the pace of downgrades over the summer for CLOs, October brought renewed momentum as macro-economic pressures - primarily high interest rate burdens for corporate borrowers and supply side inflation - became the recurring rationale

Euro CLO league tables: Goldman Sachs, Fidelity and Tikehau enter fray as Jefferies extends lead
Four European CLO managers braved the market in August to price a new issues, the same number as August 2021

Euro CLO league tables: gear shift brings flurry of new issues before summer break
After a slow June, the European market picked up its pace in July with managers eager to price deals before the summer lull 

Neuberger Berman upsizes latest CLO offering prior to pricing
Neuberger Berman upsized its new CLO to $566 million before pricing the deal on Thursday

Alcentra prints European CLO with triple A coupon at 212bp
Alcentra’s Jubilee 2022-XXVI is the fifth European CLO to price in July, taking the month up to €1.89 billion. That is dwarfed by the 11 European CLOs that priced with a combined €4.78 billion in July 2021

Euro CLO league tables: Permira and Barclays Providus with sole new issue
Just one manager priced a European CLO priced in June, when Permira Credit and Barclays brought Providus VII to market

European CLO triple As widen to 140bp with long-awaited Permira deal
European CLO triple As have widened out to 140 basis points over Euribor, as Permira Credit breaks the two-week CLO market silence by pricing its long-awaited new issue deal, Providus CLO VII

Owl Rock doubles size of 2020 mid market CLO with reset
Owl Rock Capital has more than doubled the size of its late 2020 CLO named Owl Rock CLO V after resetting the deal on Monday,

Europe outpaces US as investors scramble to cover their shorts
Lifting of short positions has helped take European credit into a second successive day of outperformance against the US, with financial companies and some of the more recently volatile high yield names leading the way

CSAM refis European CLO with two-year triple As at 82bp
The CLO’s triple As priced at 82 basis points over Euribor, down from 95bp, in line the deal’s most recent guidance but wider than the 77-79bp original guidance

Brigade reworks 2019 CLO in line with another recent reset
Brigade Capital Management has reset its second CLO in the space of a few weeks with near identical prints

Blackstone resets 2020 CLO amid signs of double B fatigue
Blackstone Credit yesterday reset Reese Park CLO in a deal suggesting demand for CLO double Bs is beginning to wane

CLO resets flood in with $2 billion printing across five deals
Five US CLO resets priced between Friday and Monday for a total volume of over $2 billion, covering a wide array of managers and different CLO vintages

RiverRock closes €604 million senior direct lending fund
RiverRock has held a final close on RiverRock Senior Loan Fund I at €604 million, with around 50% of the portfolio deployed

Secondary CLO spike pushes double Bs to 800bp as KKR resets
KKR Credit has priced a US CLO reset in another example of how junior CLO spreads have gapped out over the last two weeks

CLO equity record broken again as Blackstone European deal trades over 116
Within eight days of Redding Ridge Asset Management setting a record for the highest cover on a European CLO equity bond, Blackstone Credit has brushed it aside to claim top spot  

2020 wrap: CLO funds bloom despite rocky ground
2020 was a busy year for CLO fundraising, with Creditflux recording at least 30 funds that launched over the 12 months to invest across the CLO capital structure

GoldenTree targets $900 million for latest structured credit fund
GoldenTree Asset Management is targeting $900 million for GoldenTree Structured Products Fund VII, which looks to be the firm's latest offering focused on structured credit

Onex targets high yield bonds after bumper year of US bond issuance
Onex Credit is fundraising for Onex High Yield Bond Fund, according to SEC filings seen by Creditflux