CLO managers went to CCC, to see what they could CCC…

Anchorage's 2019 volumes pass $2.5 billion as it prices US CLO
Anchorage Capital Group on Friday priced its latest CLO offering named Anchorage Capital CLO 11 via Wells Fargo

CLO investor looks to offload US and European anchor equity positions
There are two controlling CLO equity stakes up for sale today with a 2017 European deal and a reissued US transaction going under the hammer

Global CLO b-wic round-up: control equity hits the market as secondary market picks up
The CLO secondary market in both Europe and the US brought healthy volumes last week. There was €174.9 million listed in the European CLO secondary market, while the US returned a with just over $600 million in CLO b-wics. 

CLO pipeline: managers return in force after varying time-outs
CLO managers in all markets are taking the view that the time is ripe to print their latest deals. There are 30 transactions in the US CLO pipeline this week with a further four in the middle market space and Europe

Anchor equity in 2018 CLO reissue fails to trade in secondary market
The anchor equity piece of Anchorage Capital’s 2018 reissue, Anchorage CLO 5-R was up for grabs yesterday on a b-wic seen by Creditflux

Global b-wic round-up: Short-dated CLO paper hits the market
Last week brought over $800 million of b-wics listed in the US CLO secondary market for the first time this month, with around 10% being paper that had a reinvestment period that ended in 2019.

Anchorage prices its second CBO as triple A spreads compress
Anchorage priced its second CBO of 2019 last week via Greensledge

Anchorage prices 2019's first CBO with seniors at 4.62%, halving basis with CLOs
Anchorage Capital Group priced 2019’s first CBO yesterday, naming the $300 million deal Anchorage Credit Funding 7

US CLO round-up: Anchorage keeps primary open as debutants and newcomers fill pipeline
Anchorage Capital shored up the CLO market this week against an untroubled horizon as the sole manager to price a new issue, while TCI Capital Management priced the first refinancing of the year as Creditflux went to press.

Keep calm and buy corporate loans
Calm heads prevailed in 2018. Markets were volatile and risk retention was supposed to cause problems, but there was no need to panic and volumes went on to break records set in 2014

Anchorage prices $505 million US CLO after pre-placing triple A notes
Anchorage Capital Group priced its first CLO of 2019 yesterday via Goldman Sachs, marking the manager’s first partnership with Goldman on a CLO transaction

Goldman Sachs markets US CLO after winning new manager client
Goldman Sachs’s CLO arranging desk has won a new client, with market sources saying that the bank is looking to price a $505 million deal this week

Updated, upgraded and ready to launch
Whether it’s a software update or a full-blown upgrade to a newer model, CLO technology is advancing fast, with Be-Spoke and Ellington the latest to launch new types of securitisations

Holidays are over as Anchorage prices first US CLO transaction post 4 July
Anchorage Capital Group refinanced its 2016 deal Anchorage Capital CLO 8 today with its triple A notes paying a coupon of 100 basis points over Libor

Past returns: Atlantic crossing
Five years ago in Creditflux we reported on Axa Investment Managers planning its debut US CLO with a view to becoming a global CLO manager. Today, US managers are prioritising the build-out of European CLO platforms

Anchorage looks to make structural changes in 2016 CLO's refinancing
Anchorage Capital Group is looking to refinance its 2016 vintage CLO, Anchorage Capital CLO 8

CLO b-wic line-up: over $300 million of senior CLO paper goes on the block
Senior notes dominate the secondary market today as $306.5 million worth of triple A notes are up for grabs

US CLO round-up: spread widening hits CBOs (as well as CLOs)
Anchorage has priced two bond-heavy securitisations this year and financing costs are clearly increasing

US firms to continue CLO charge in Europe despite risk retention still applying
Europe is expected to welcome an influx of new CLO managers this year, despite the continent being subjected to CLO risk retention

B-wic round-up: secondary CLO market is looking more and more like new issue
2017 and 2018 CLOs flooded the secondary market last week, with bonds referencing Ares Management, LCM Asset Management and Napier Park Global Capital going on sale

Anchorage prices $512 million CLO reissue
Anchorage Capital Group has brought its annual CLO volume over $2 billion by pricing a $511.95 million reissue today

Anchorage hooks itself a new issue CBO
The manager has launched the fifth in its series of CBO deals, according to market sources

Anchorage prices $1.1 billion in twin CLO resets
The manager has commenced its 2018 CLO activity, pricing two resets on Friday via JP Morgan

Anchorage looks to reset a previously-refinanced US CLO
Anchorage Capital Group is marketing a reset of its 2014 US CLO in a transaction that is being arranged by JP Morgan, according to market sources