Controlling equity stake in 2018 CLO fails to trade in secondary market
Over 90% of an equity tranche from a 2018 Sound Point Capital Management CLO was available on b-wic yesterday but failed to trade  

Seriously, the CLO arb is difficult right now
We know the arbitrage for CLO equity is never perfect, but the arb progressively deteriorated through 2018. Since January, the picture has worsened further after a brief respite in December

Spire wins Creditflux Manager of the Year award
Spire Partners was the big winner at Creditflux's Manager Awards last night as the London-based manager scooped the award for the manager of the year. On top of this, the firm picked up awards for Best European CLO Manager and Best European CLO for Aurium CLO II

It’s possible to be big — and still be picky

Sound Point opts for fixed rate triple As with latest US new issue CLO
Sound Point Capital Management priced a $608.15 million new issue CLO on Friday named Sound Point CLO XXIII

CLO pipeline: managers seek to return as others arrive, after testing Q1
With the first quarter of 2019 now in the books, the CLO market looks to be continuing where it left off.

Sound Point slashes leverage in 2015 vintage CLO following reissue
Sound Point Capital management reissued its 2015 vintage deal Sound Point CLO VIII yesterday, slashing the transaction’s leverage in the process

Former Ares partner takes on head of structured products role at Sound Point (correction)
A figure with more than 20 years of experience in CDO and CLO markets has resurfaced at Sound Point in New York 

US CLO round-up: years fall off CLO market as it gets back to its old self
The CLO market is starting to look rejuvenated, with the dense pipeline having this week offloaded seven new broadly syndicated deals and one middle market deal as Creditflux goes to press – totalling $3.7 billion of new paper. 

Sound Point cuts funding costs on 2016 CLO with $643.5 million refi
Sound Point Capital Management has refinanced its 2016 vintage deal Sound Point CLO XII

Sound Point shrugs off flat CLO curve as it targets 43bp tighter triple As with refi
New issues have been the main source of business in the US CLO market this year with market sources divided over the merits of CLO refinancings

US CLO round-up: it's a slow start, but at least we have a benchmark as 42 deals fill pipeline
It’s safe to say 2019 is off to a slow start for the US CLO market. This past week, $1.4 billion has priced, bringing total issuance in January 2019 to $5.7 billion. That’s 70% below the January 2018 new issue volume of $20 billion.

Sound Point starts 2019 with a bang pricing $508.8 million new issue CLO
Sound Point Capital Management priced a $508.8 million new issue CLO yesterday named Sound Point CLO XXII

Sound Point orchestrating primary market CLO via BAML
Sound Point is returning to the CLO market this week with its $508.5 million CLO XXII via Bank of America Merrill Lynch

Sound Point cuts 2016 CLO's triple A coupon by 55bp with refi
Sound Point Capital Management priced a $460 million refi of its 2016 CLO Sound Point CLO XI yesterday, slashing its triple A coupon by 55 basis points

Global CLO round-up: what goes around comes around
It is no news that spreads are reverting back to the elevated levels of last year and, with each new deal pushing the market wider, the rolling three-month term curve in the US has been forced to stretch and move left, right and centre.

Sound Point becomes 2018's most active CLO reissuer following fifth deal
Sound Point Capital Management became the most prolific CLO reissuer of 2018 on Friday after reworking its 2014 deal Sound Point CLO VI

Sound Point prices five year CLO as triple As continue to move wider
Sound Point Capital Management has reissued a 2014 vintage CLO, Sound point CLO VII, according to market sources

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

Sound Point blasts out a third new issue CLO of the year
Sound Point has priced its third new issue CLO of 2018 on Wednesday, with triple As at 118.83 basis points over Libor

Court order forces former Sound Point CLO PM into 90-day non-compete
Sound Point Capital Management is locked in a dispute with its former employee Murtaza Haque who left the firm in May with a view to joining GoldenTree Asset Management    

Sound Point reissues 2014 deal for five years as spreads push wider
Sound Point Capital Management priced its seventh CLO transaction of the year yesterday

Sound Point prices CLO 20 in $810.3 million deal
Sound Point Capital Management priced an $810.25 million new issue CLO on Friday named Sound Point CLO XX

Sound Point prices $414 million CLO refi
Sound Point Capital Management priced its fifth CLO transaction of the year yesterday