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

Global CLO league tables - April 2021 YTD
Global CLO league tables - April 2021 YTD

Fair Oaks, PineBridge and Sculptor rework €1 billion in Euro CLO resets
Fair Oaks Capital, PineBridge Investments and Sculptor Capital Management all took to the European CLO reset market on Wednesday, in transactions that amounted to over €1 billion

Mid market CLO spreads reach tightest point since 2018 as Fortress prices new issue
Four-year triple A spreads on middle market CLOs reached new post-covid tights on Friday as Fortress Investment Group issued a deal with first-pays at just 155 basis points over Libor

It's all relative: CLOs march tighter as macro traders open positive CDS skews
Credit default swaps are back near where they started the year after giving up their early-February gains amid a rise in government bonds. CDS curves steepened over the past month and macro hedging has left indices trading with positive skews. But CLOs paint a calmer picture in which spreads have inched tighter  

It's all relative: CLOs are lagging no more, as Carlyle deal drags market tighter
“CLOs are lagging” has been a much repeated refrain over the last nine months. But Carlyle Group has this week produced a US CLO that has dragged spreads to their tightest point in three years so that, rather than comparing CLOs to pre-covid levels, they should be assessed against early 2018

It's all relative: senior CLO tranches tighten 18% in Europe as CDS indices sit out rally

Beneath the triple C: 13 CLO loans take a dive but defaults subside to a ripple
22 corporate debt issuers were downgraded to triple C or below in November and December by Moody’s or S&P, out of which 13 can be found in CLO portfolios  – hurting $4.55 billion of US CLO loans, €1.87 billion of European CLO portfolios and almost $80 million of middle market CLOs loans, according to CLO-i

It's all relative: Euro CLO mezz rallies to follow month-long IG/HY compression
European credit suffered this week with Brexit talks between the UK and the EU dragging on and both sides conceding that a trade deal is unlikely to be reached by Sunday’s deadline. But European CLO tranches have held up reasonably well with mezzanine spreads tightening by almost 13% in December

Global CLO league tables - November 2020 YTD
Global CLO league tables - November 2020 YTD

Mid market CLO league tables: late November surge revives mid-market
After a quiet start to the month the mid-market sprung to life on an eventful 20 November when three deals priced

Mid market CLO league tables: Golub becomes talf of the town
Golub Capital Partners became the first manager to price a CLO eligible as collateral under the US Federal Reserve’s term asset backed securities loan facility when it teamed up with Societe Generale to price Golub Capital Partners talf 2020-1 on 22 October

Global CLO league tables - October 2020 YTD
Global CLO league tables - October 2020 YTD

Static US CLOs snap back to early March levels as Palmer Square prints
Palmer Square Capital Management priced its fourth static CLO of the year yesterday, with its triple A spread tightening to just 100 basis points over Libor. The print is another step for the CLO market toward pre-pandemic levels

PGIM brings post-covid US CLO volume to $1.43 billion with third new issue
PGIM has joined the ranks of US CLO managers to issue three new CLOs post-covid after pricing Dryden 85 CLO via BNP Paribas on Thursday

Global CLO league tables - August 2020 YTD
Global CLO league tables - August 2020 YTD

Mid market CLO league tables: Golub retakes new issue lead
Golub further cemented its lead over Owl Rock in Creditflux's overall rankings, as well as reclaiming the crown for new issuance, by pricing the only new mid-market deal in August

Barclays prices Brigade US CLO after picking up mandate last week
Barclays has priced the new CLO for Brigade Capital Management that it dramatically grabbed the rights for last week after Citi resigned its role as arranger

Mid market CLO league tables: Owl Rock rolls past Golub for new issue lead
Owl Rock Capital Advisors priced its third new issue mid market CLO of the year, and its second since the coronavirus pandemic last month, but with a twist

Global CLO league tables - July 2020 YTD
Global CLO league tables - July 2020 YTD

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

Q2 US CLO volumes pass $14 billion as Benefit Street issues new deal
Benefit Street Partners has issued its first new CLO of 2020, bringing the total volume of US CLOs priced since the coronavirus selloff to $14.32 billion, according to market sources

CSAM scores market tights with first new US CLO for over six months
Senior CLO spreads tightened as Credit Suisse Asset Management brought its first new issue CLO of the year, according to market sources

Double B spreads move inside pre covid-19 levels as Neuberger Berman prices CLO
US CLO double B spreads are 75bp tighter than then were in early March with two Neuberger Berman deals highlighting the fact that investment grade CLO tranches have lagged junior tranches since the March sell-off

Mid market CLO league tables: Golub keeps hold of top spot
A busy start to March saw three new mid-market deals by three new managers hit the market