European CLO managers trade loans to avoid (par) burn
Between March and July, European CLO managers traded €21 billion of assets within CLOs that were still in their reinvestment period as opportunities arose amid a weaker macro environment and Russia’s war with Ukraine

CLO managers to jump into action as Covanta loan proposal omits spread adjustment
Covanta Holdings is the latest example of a US loan issuer looking to switch benchmark from Libor to Sofr, but without an accompanying credit spread adjustment

Quick! Avaya has ignited and $1 billion of CLO assets are at risk
Sparks are flying in the leveraged loan and high yield market after communications company Avaya Holdings slashed its forecasted earnings mere weeks after syndicating new debt. The rapid decline of Avaya's debt has left CLO managers little time to avoid the blaze

CLOs at a glance (August 2022)
A listing of CLOs that have priced in the last month

Euro CLO triple As rise above 210bp as Anchorage prices with highest par sub
The deal also features the largest triple A par subordination 

CBOs return as Anchorage second deal takes year's tally to three
Anchorage Capital on Wednesday priced the third US CBO of the year, with outflows from the high yield market having prompted CLO and bond-flex CLO managers to step in to try to take advantage of deeply discounted bond prices

CSAM does the CLO awards double
Winning the Creditflux Manager of the Year award is a feat in itself. Winning it back-to-back in such different markets is an outstanding achievement — and CSAM can take great pride in it

Envision exchange leaves some lenders sick, but CSAM finds prevention is better than cure
Envision Healthcare’s distressed debt exchange has rocked the CLO market, with over $1.68 billion of the firm’s loans held by US CLOs. But some of the largest managers have avoided the name completely 

CLOs at a glance (May 2022)
A listing of CLOs that have priced in the last month
   

Anchorage leapfrogs up CLO league table with first bond-flex deal of year
Anchorage Capital moves back into the top 20 US CLO managers in 2022 by volume, having priced its first bond-flex deal of the year

Anchorage shortens reinvestment and adds make-whole for second new CLO of 2022
Anchorage Capital has priced its second new CLO of the year, opting for a shorter reinvestment period and a make-whole period on the senior triple A notes

Anchorage Capital brings new $406 million CLO via JP Morgan
Anchorage Capital has teamed up with JP Morgan to print its first new CLO of the year, naming the deal Anchorage Capital CLO 25

Anchorage resets low-levered 2020 CLO
Anchorage Capital has reset a 2020 US CLO with pricing at decent levels compared to a new issue it launched a month ago.

Anchorage closes in on US CLO top 10 with bond-flex issue
The contest between managers for US CLO new issuance league table standing this year has tightened, with Anchorage Capital bringing a bond-flex deal that moves it closer to 10th placed Neuberger Berman

CLOs at a glance (November 2021)
A listing of CLOs that have priced in the last month

Anchorage MD set to join fund manager to build out CLO investment platform
An experienced member of Anchorage's structured credit team is set to join another firm to build out a CLO investment unit in New York 

Anchorage passes $2 billion US CLO volumes in 2021 after fifth new issue
Anchorage Capital Group's US CLO volume for 2021 passed $2 billion on Wednesday as the manager priced its fifth deal of the year

US CLO pipeline: Go long! Refis fall from favour as AMMC looks to join list of 2021 issuers
The only record left to fall this year in US CLOs is 2017’s refinancing total of $102.8 billion with the market $6.3 billion shy. Yet this segment shows little interest to break more records with the pipeline filled with new issues and resets as longer tenured deals are preferred.

Debt investors agree to nine-month call lock in Anchorage CBO refi
Anchorage Capital Group refinanced the mezzanine debt of its 2019 bond-heavy CLO named Anchorage Credit Funding 9 on Friday

Anchorage partially refis Euro CLO with less than year left of reinvestment
Anchorage Capital has opted to partially refinance its debut European CLO, which ends reinvestment in July next year

US CLO pipeline: newcomers look to follow Beach Point's lead by pricing before year-end
Beach Point Capital Management became the latest debut issuer in the US CLO market on Friday, and Sycamore Tree Capital Partners and Putnam Investments are set to join it    

CSAM regains best manager throne
Upstart CLO managers overtook more experienced rivals at last year’s Creditflux Manager Awards, but CSAM and other large firms, such as PGIM, emerged victorious in London this time around

Anchorage prints 60th Euro CLO new issue of 2021
Anchorage Capital has priced the 60^th European new issue CLO of 2021, taking new issue volume above €24 billion

Anchorage's 2021 new US CLO volume reaches $1.8 billion
Anchorage Capital Group priced its fourth new US CLO of the year on Tuesday, growing its 2021 issuance volume to $1.8 billion

US CLO pipeline: 33 new issues enter market with historic CLO records on the verge of shattering
The US CLO market is running as hot as it has all year with a whopping 33 managers marketing new issues CLOs, according to market sources