Global CLO league tables - Jul 2021 YTD
Global CLO league tables - Jul 2021 YTD

US CLO pricing lab: expensive legacy deals take priority as two-three year point on term curve tightens
The US CLO market may have gapped out in recent weeks, but expensive 2019 and covid-era CLO refis and resets are still in the money

Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources

Mid market CLO league tables: BlackRock takes new issuance lead with unusual deal via Morgan Stanley
BlackRock became the third mid market CLO manager to price two new issues this year and in doing so took the lead from Golub Capital in mid market CLO new issue league tables

Global CLO league tables - May 2021 YTD
Global CLO league tables - May 2021 YTD

Mid market CLO league tables: Antares and Wells Fargo press reset to lead market
Following March's $5.87 billion, the busiest month of mid market CLO issuance since at least 2016, April felt like a quiet month for mid market CLOs with $2.26 billion pricing across three new issues, two resets and one partial refinancing

US CLO pricing lab: let’s refi like it’s 2017
The new issue US CLO market has been a slow burn over the last two weeks with only six deals being brought to the market amid wider triple A spreads. But the repricing market has been booming with today’s triple A levels still comparatively cheaper than previous vintages exiting their non-call periods

Cerberus prints second mid market CLO of 2021
Cerberus Loan Management has become only the second manager to price two middle market CLOs in 2021, having teamied up with Wells Fargo to issue the $368.1 million deal named Cerberus XXXII

Blackstone adds single B tranche in US CLO reset
Blackstone Credit teamed up with BNP Paribas on Friday to reset its 2017 vintage CLO known as Thayer Park

Global CLO league tables - January 2021
Global CLO league tables - January 2021 YTD

JP Morgan prices CLO refis for Fidelity and Sound Point
JP Morgan has priced CLO refinancing deals for Fidelity Investments and Sound Point Capital Management. The two deals total $872 million in volume

Nuveen renames CLO and upsizes by $170 million following reset
Nuveen Asset Management has reset one of its 2017-vintage CLOs via Wells Fargo, upsizing the deal by $170 million in the process

AMMC and Marathon refinance CLOs due to leave reinvestment in April
Another $800 million of CLO refi paper has been absorbed by the market after American Money Management Corporation and Marathon Asset Management cut financing costs for CLOs set to leave reinvestment in April

Beneath the triple C: CLOs get their sneakers on as retailers run into bankruptcy
July added further relief to CLO portfolios with the slowest rate of downgrades to triple C since March. US CLO portfolios faced downgrades of $2.18 billion to triple C while European portfolios faced just €59.13 million of such downgrades

Global CLO league tables - May 2020 YTD
Global CLO league tables - May 2020 YTD

US CLO league tables: light at the end of the tunnel as primary revives
May brought a rise in US CLO primary market activity with a combined $5.55 billion in new issuance for the month

Early March European CLO makes it through the sell off with 5.4% risk retention
One of the last European CLOs to price before the primary market shut down in March has disclosed the fair value of its notes post-closing, which shows that it has a reasonable 38 basis point cushion against risk retention deficiency

US CLO league tables: coronavirus brings changes in approach and new top manager
Amid a big slump in CLO primary issuance, new deals have taken focus and there are some notable changes at the top of the league tables

US CLO league tables: $2 billion reissue fires Apollo and JP Morgan to top spots
Apollo Global Management and JP Morgan teamed up to price the largest CLO of the 2.0 era in February that helped propel both to the top of the US CLO and global CLO league tables

Global CLO league tables - February 2020 YTD
Global CLO league tables - February 2020 YTD

York and Anchorage duke it out with short-dated CLO resets
Two managers have hit the market to price short-dated CLO resets today, with York Capital Management and Anchorage Capital Group looking to meet investor demand for short-term CLO paper

Beneath the triple C: $1 billion of CLO credits take a dive
$957.9 million worth of loans held by CLOs suffered downgrades to triple C last month, with a further $442.1 million of existing triple C credits getting knocked lower still, according to the latest trustee reports on CLOi.

US CLO league tables: old deals get a fresh start in the new year
The majority of CLO issuance last month was in all forms of repricings, which totalled $4.8 billion and accounted for 54.5% of US CLO volumes

Global CLO league tables - January 2020 YTD
Global CLO league tables - January 2020 YTD

Global CLO round-up: welcome back, give us a (refi) wave
Tighter corporate credit spreads means new issue volumes are down, but it makes a decent entry point for new CLO managers to price deals and also makes refinancing CLOs imperative