They said it: "Imagine a garden party and all of a sudden a big wasp shows up"
On Creditflux’s US CLO webinar last month, Napier Park’s head of US CLO investments Serhan Secmen described the March sell-off as a garden party

New funds move in as tranche trades take off
Synthetic structured credit funds are proving popular with investors amid a spike in index tranche trading

Points up front: Introducing Downton Flux

During last month’s broadcast of the Creditflux Manager of the Year, we were inundated with messages of congratulations for the award winners via a live feed...

Beneath the triple C: downgrades hold steady as Travelport loses its luggage
For the second month in a row downgrades to triple C steadied, with just under $9 billion of CLO loans falling to this rating across 34 corporate borrowers

GoldenTree streamlines multi-arranger approach with upcoming euro CLO
GoldenTree Asset Management is marketing a new short-dated European CLO

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

Dishware maker files for bankruptcy as CLOs hold $200 million
CLOs hold $207.58 million of Libbey Glass, which filed for chapter 11 protection in the US Bankruptcy Court for the District of Delaware on Monday, as a result of the firm's impending debt maturities and the impact of coronavirus

Redding Ridge and Palmer Square climb to top of US new issue CLO league tables
Redding Ridge Asset Management and Palmer Square Capital Management have climbed to first and second position in the 2020 new issue US CLO league tables after each pricing new deals

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

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

Global 2019 CLO league tables at a glance
Global 2019 CLO league tables at a glance

Global CLO league tables at a glance - November 2019 YTD
Global CLO league tables at a glance - November 2019 YTD

European CLO round-up: new look turbos power up junior CLO tranches
Junior CLO debt investors are getting more defensive and this has resulted in the emergence of new-look CLO turbo tranches

Global CLO league tables at a glance - October 2019 YTD
Global CLO league tables at a glance - October 2019 YTD

Global CLO league tables at a glance - September 2019 YTD
Global CLO league tables at a glance - September 2019 YTD

Global CLO league tables at a glance - August 2019 YTD
Global CLO league tables at a glance - August 2019 YTD

US CLO round-up: what’s the benchmark these days?
They price at 112bp, they price at 126bp. They price at 116bp, they price at 123bp. They are US CLO triple As and they are pricing everywhere at the moment.

Global CLO round-up: buttermilk-shakes things up as CLO spreads go everywhere
Ahead of the US Labor Day weekend, CLO issuers have been grafting away with $6.5 billion pricing across the US market through 11 deals

Goldman markets CLO for 2018's fifth "debut" manager
The US CLO market could be welcoming a debut manager as soon as next week, according to market sources

European CLO round-up: Voya debuts in Europe as managers opt for dual-compliance
Europe has today welcomed a new manager with Voya Alternative Asset Management getting off the mark by pricing Voya Euro CLO I. That's now 41 active managers in Europe

US CLO round-up: SEC’s loss and shifting CLO spreads shake things up
It was all going so smoothly in the CLO market, with  very little volatility and seemingly never-ending spread tightening – but it’s fair to say things have changed

US CLO round-up: spreads tighten as investors get comfortable with cushions
2018 is off to a promising start with the US CLO market having produced $7.0 billion of issuance

Investcorp prices $476 million US CLO refi
Investcorp priced its first CLO transaction of 2018 yesterday

US CLO manager prices first new issue deal in over three years
A New York-based CLO manager has returned to the new issue CLO market

CLO round-up: market participants welcome back returning CLO managers
CLO managers returning to the market after a period of absence has been the main story of the last week.