Trio of new US CLOs worth USD 1.6bn price from CIFC, UBS and TCW
CIFC’s print equalled the current triple A tight of SOFR plus 119bps, while UBS’s Madison Park Funding LXXV and TCW CLO 2025-2 issued their equivalent paper at 121bps and 124bps over the base rate

Blackstone lowers US reset spread tight to 124 as Golub and Napier Park also price narrow
Market heavyweights Blackstone, Napier Park and Golub each priced US BSL resets to close out last week, with Blackstone lowering the triple A spread level below the now-established SOFR-plus-125bp benchmark

Trio of Euro resets reinforce tightening trend as CVC revisits 175 AAs
CVC and Onex both printed resets with triple As at 130, while Sculptor upsized its latest print to a target par of EUR 450m

Resets prove lynchpin of US issuance as deal flow ramps up
US CLO issuance this week was dominated by a brace of resets, with deals issuing from the likes of AGL, AMMC, PPM, Sycamore Tree and Saratoga Investment Management

US market focuses on resets as PGIM, Trimaran and Fortress price deals
The trio of transactions together added almost USD 1.4bn to repricing volume for August

2018-vintage CIFC reset sees major equity upsizing
The repricing of CIFC Funding 2018-III, arranged via Citi, included an equity infusion of almost USD 60m

PGIM resets 2021-vintage US BSL deal
The reset of Dryden CLO 87 included a USD 22.25m equity infusion

BlueBay prices first new US CLO in 13 months
The USD 410m print is the manager's third this year, following a US reset and a new Euro issue in the first quarter

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

MidOcean prints second short-dated CLO in quick order
The 1Y/2Y deal comes six weeks after the manager's first deal of the year, a 1Y/3Y issue in mid-May

Blackstone prices second reset of Harriman Park CLO
The deal was originally one of the last to issue in early March 2020 before the primary market shuttered due to the COVID-19 pandemic

PGIM adds small equity upsizing in US CLO reset

The manager reset the 2023-vintage deal with triple As tightened by 35bps and a reduction in leverage

Napier Park prices second new issue in eight days
The triple As for Regatta 34 Funding priced five basis points inside the manager's previous deal from a week beforehand

TCW reset of 2022-vintage CLO includes small equity infusion
The USD 377.5m reset from the Los Angeles-based manager added USD 5.5m in equity  

Apollo and Churchill set new low for middle-market CLO spreads
New deals from Churchill and MidCap have triple-A coupon spreads inside the tight set late last year by Blackstone  

Run in to holidays sees brace of US CLO refis price
Bain, TCW, Palmer Square and ArrowMark has priced refis totalling over USD 1.75bn  

US corporate bond spreads hit all time tights
US corporate bond spreads hit all-time tights last week with both the investment-grade and high yield composite bond spreads in the US breaking records

Deerpath resets and upsizes private credit CLO from 2022
The reset of Deerpath Capital CLO 2022-1 almost doubled the size of the CLO from an original USD 374m to the new USD 725m

Spire resets first CLO with unusual equity downsize
Spire Partners has priced a second reset of its first CLO that included an equity injection as part of a EUR 10m reduction in the total size of the equity

CLO resets keep coming as Neuberger Berman returns for more
Neuberger Berman priced its second US BSL CLO reset this month, with the reworking of a late-2022-vintage deal

BBBs tighten 335bps in another dramatic 2022 vintage US CLO reset
FS has returned to the primary market with a reset of the November 2022-vintage Bridge Street CLO III – its third deal of 2024

Pinebridge prices second new US BSL CLO of 2024
Pinebridge has priced its second US BSL CLO of the year sized at USD 434.1m via Bank of America

Elmwood does it again with second CLO reset in a week
Elmwood is on a reset roll with its second deal in a week, with both deals sharing all but identical spreads throughtout the stack 

Elmwood resets 2021-vintage US BSL CLO
Elmwood has reset a 2021-vintage US BSL CLO with a large triple-A-rated loan via Wells Fargo

Short-dated Zais CLO gets long-dated reset
Zais CLO 17, one of the more innovative deals of 2021, has been reset into a somewhat more conventional structure