Direct lending stress to remain high despite rate cut – Moody's
A report from BofA also shows that even if interest payment costs ease slightly, the direct lending market faces a high percentage of payment-in-kind deals coming due

KKR, Warwick print 2023-vintage US resets
Both deals issued their triple As at SOFR plus 128bps

Starwood’s latest infra CLO issues via five arrangers
Jefferies led the cohort of five banks that worked on the deal, the manager’s second of 2025

Palmer Square and Carlyle print latest resets
Palmer Square and Caryle priced US BSL resets to round out last week, with the deals together totalling just under USD 860m

PGIM resets US CLO at 126
The manager paired with Bank of America to reset a two-year-old BSL CLO, Dryden 102

US resets price from Barings, CVC and Western Asset Management
A trio of US BSL resets from CVC, Barings and Western Asset Management toward the end of last week added over USD 1.3bn to August’s final issuance tally

Oak Hill and CIFC latest to print US resets at 125
Two more US resets have issued at the current market triple A benchmark, while Trinitas priced its latest reset at SOFR plus 131bps

End of week sees private credit CLO issuance rush
The mid-market saw a flurry of issues from Eldridge, Churchill, StepStone and BlackRock toward the end of last week, with the total value of the four deals across Thursday and Friday totalling over USD 1.5bn

US CLOs hit late March AAA level as Oak Hill Advisors prints tight
Just a day after being lowered by one basis point, the benchmark for US CLO triple As has been tightened a further two bps, to its level before the volatility induced by the US administration’s tariff agenda

US CLO AAAs hit another new tight as Barings prices second new CLO in a week
US CLO triple A tights edged lower on Tuesday when Barings priced its latest new primary market transaction

Wellington issues fifth CLO with tight print
Wellington Management CLO 5 priced its triple As just outside the current market low

Trio of new US issues from Barings, Birch Grove and UBS
US CLO issuance continues to run at a steady pace, with similarly-priced new issues printing over the past couple of days

Upgrades outpace downgrades in triple C tranches of CLOs in July – BofA
Despite July's reversal, the pace of triple C downgrades remains significant, BofA said, and is expected to reach 8% for triple Cs

Oak Hill prices second US reissue in a month
Oak Hill Advisors has priced OHA Credit Funding 10-R, a USD 704m reissue of its OHA Credit Funding US BSL CLO that was originally issued in November 2021

CIFC prints second new US issue in a fortnight with AAAs at 129bps
Mezz pricing for CIFC Funding 2025-V was also generally comparable to the manager's last new US offering, although the double As priced 5bps inside the level attained two weeks ago

Canyon issues first new US CLO since Liberation Day
The deal is the manager's fifth US issue for the year, and its first since March

Blackstone prices US private credit CLO – its third static deal of 2025
The manager has issued its third non-reinvesting CLO for the year in a near-USD 600m transaction

GoldenTree matches current US AAA tight with half-billion-dollar pricing
The new BSL transaction was the manager's third new issue of 2025 and its seventh print of the year

Blackstone reprices 2022-vintage US CLO
The USD 460m deal issued its senior triple A paper at SOFR plus 133bps

Apollo Debt Solutions BDC issues first BSL CLO
The half-billion-dollar deal follows an initial mid-market print from the non-traded BDC fund at the end of April

Blackstone resets 2021 Tallman Park CLO with lineball AAA spreads
The USD 370m deal saw a small reduction in the overall cost of funding

AMMC reprices 2020 CLO for the third time
The US BSL deal was last reset in April 2024

Elmwood refinances three-year-old US deal
The transaction trimmed the senior triple A spread to SOFR plus 115bps

Fidelity resets 2023-vintage US BSL deal
The USD 414m print raised Fidelity's total US CLO issuance for the year to almost USD 2.7bn

Partners prints second new US BSL CLO of 2025, first of tariff era
Pikes Peak CLO 19 is the fifth US CLO issue from the manager in 2025