CLO 2020 outlook: lower volumes predicted, but it’s not all bad news
US CLO issuance is expected to drop by roughly 20% next year, according to bank research desks. This comes after a solid 2019 in which $101 billion of new US CLOs have priced through 92 managers, as Creditflux goes to press

Oak Hill prices first CLO transaction in Europe this year with refi
Oak Hill Advisors on Friday priced its first 2019 CLO transaction in Europe, teaming up with Morgan Stanley to refinance the triple A notes of Oak Hill European Partners V

Wings of the structure fly in opposite directions as Alcentra prices European CLO
Alcentra has priced its latest new issue CLO in Europe, and its second issue of 2019 on the continent

Five Arrows matches Europe's tightest CLO spread with latest new issue
Five Arrows yesterday returned to the European CLO market with its first transaction of the year, matching Axa Investment Managers for the tightest new issue print

Chenavari double debt tranche CLO warehouse reduces up-front cash call
Chenavari Investment Managers used a novel approach to warehousing its last European CLO, according to market sources. The firm priced Toro European CLO 6 on 12 July via Morgan Stanley, with sources indicating that the warehouse facility behind the deal had two debt tranches. 

Man GLG prices partial CLO refi as Europe's managers keep original double As
GLG Partners yesterday partially refinanced its 2016 CLO named Man GLG Euro CLO II

Chenavari prices new issue CLO with triple As at Euribor plus 114bp
Chenavari Credit Partners priced a new issue CLO on Friday known as Toro European CLO 6, marking its first new issuance to come to market via Morgan Stanley

GoldenTree prices new issue European CLO as continental volumes pass €2 billion
GoldenTree Loan Management priced its latest European CLO offering yesterday as July new issue volumes on the continent passed the €2 billion mark

Chenavari changes tack and chooses vertical risk retention in first CLO for 17 months
Chenavari Investment Managers is set to end its near 17-month absence from the CLO primary market

CLO pipeline: deal flow picks up as Amherst and SocGen work on mandates
This week’s CLO pipeline looks very healthy in the US broadly syndicated loans CLO market with Amherst Pierpont and Societe Generale among the firms working on mandates

BlackRock becomes fifth European CLO manager to refinance
BlackRock today became the latest European CLO manager to join the budding refinancing wave, having teamed up with Morgan Stanley to reprice the debt liabilities of BlackRock European CLO II

Euro CLO round-up: benchmark ruffles up, but junior tranches sit tight
CLO triple A benchmark levels underwent a shake-up last week as Credit Suisse Asset Management and HPS Investment Partners brought deals to the market with first-pay tranches printing above the recent benchmark of 108.5 basis points

HPS prints triple As at 111bp in latest European new issue CLO
HPS Investment Management has priced a new CLO in Europe named Aqueduct EUR CLO 4, with triple As printing at 111 basis points over Euribor

114bp is syndicated benchmark for triple As in Europe as Och-Ziff prices CLO
Och-Ziff Loan Management priced a new issue euro CLO yesterday, according to market sources

Bespoke gains pull CLO buyers as market tipped to hit $100bn
Synthetic bespoke issuance could catch up with the more visible CLO market this year, say structured credit specialists

KKR prices Europe's most leveraged new issue 2.0 CLO
Leverage has steadily risen in the European CLO market – but today KKR Credit priced the most levered new issue deal on record

KKR markets new European CLO with triple As subject
KKR Credit is looking to issue its first European CLO September

CVC becomes first large CLO manager to price short two-year reset in Europe
CVC Credit Partners priced Europe’s first CLO reset of the year yesterday, cutting the funding costs for 2014’s CVC Cordatus Loan Fund IV

Keep calm and buy corporate loans
Calm heads prevailed in 2018. Markets were volatile and risk retention was supposed to cause problems, but there was no need to panic and volumes went on to break records set in 2014

GoldenTree turns into a forest with second multi-arranger Euro CLO
GoldenTree Loan Management has used several arrangers to issue its second new CLO in Europe this year, known as GoldenTree Loan Management EUR CLO 2

GoldenTree's Euro CLO business blossoms with second 2018 deal in sight
GoldenTree Loan Management is planning its second new issue CLO in Europe since it returned to the market earlier this year

Mezzanine notes price tight as Permira Debt produces another ESG-friendly CLO
Permira Debt Managers has priced its second CLO of the year in a deal which, much like the manager’s debut 2.0 CLO, adheres to environmental, social and governance guidelines

Permira markets second new issue since bringing ESG criteria to CLO docs
Permira Debt Managers is back in the market with its second 2.0 CLO named Providus CLO II, which could price as early as next week

Alcentra issues new European CLO via Morgan Stanley
Alcentra has become the seventh CLO manager to price a new issue deal in Europe this month following a €411.1 million deal arranged by Morgan Stanley

Alcentra's 2018 European CLO volumes to pass €1bn mark following new issue
Alcentra is marketing a €411.1 million new issue CLO named Jubilee CLO XXI