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Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
4 years ago
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources -
US triple As narrow to 108bp as Blackstone prints yet another new CLO
4 years ago
Blackstone Credit brought the CLO market tighter on Friday by printing a new deal with triple As at just 108 basis points over Libor -
Invesco reduces CLO funding costs by 30 basis points in refi
4 years ago
Invesco has reduced the funding costs on Verde CLO, a 2019 transaction, by 29.58 basis points following a $457.2 million refi arranged by Goldman Sachs -
Onex converts notes to loans in revamped 2019 CLO amid $457 million refi
4 years ago
Onex Credit Partners has completely overhauled the capital structure of its 2019 deal named OCP CLO 2019-16 as part of a refinancing, including converting parts of tranches originally issued as bonds into loan format -
Blackstone scores one of tightest ever 2.0 US CLO funding costs
4 years ago
Blackstone Credit has priced one of the tightest 2.0 CLOs ever with funding costs of just 141.61 basis points -
Global CLO b-wic round-up: equity trades break new records as investors look to redeploy cash
4 years ago
The CLO secondary market is experiencing heavy churn with €273.5 million of European CLO paper and $1.05 billion of US CLOs listed last week. Within that supply, a record trade for a 2.0 European CLO equty tranche was recorded -
Beneath the triple C: downgrades hold steady as Travelport loses its luggage
4 years ago
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 -
US CLO league tables: light at the end of the tunnel as primary revives
5 years ago
May brought a rise in US CLO primary market activity with a combined $5.55 billion in new issuance for the month -
US CLO league tables: coronavirus brings changes in approach and new top manager
5 years ago
Amid a big slump in CLO primary issuance, new deals have taken focus and there are some notable changes at the top of the league tables -
Investors pull $10.9 billion out of corporate IG ETFs in one week
5 years ago
Outflows from loan and high yield bond exchange traded funds have exacerbated the liquidity pressure facing credit investors, sources say, as market volatility intensifies after economists slashed global forecasts -
Global CLO b-wic round-up: sellers flock to secondary market as trade rate hits 71%
5 years ago
The broader market sell-off reached CLOs last week, with investors lining up to list their positions in the CLO secondary market -
US CLO league tables: $2 billion reissue fires Apollo and JP Morgan to top spots
5 years ago
Apollo Global Management and JP Morgan teamed up to price the largest CLO of the 2.0 era in February that helped propel both to the top of the US CLO and global CLO league tables -
Wellfleet upsizes US CLO as it splits triple A tranche in two
5 years ago
US new issue CLO volumes passed $6 billion for the year today after Wellfleet Credit Partners priced its latest offering via Morgan Stanley -
Sound Point splits single A tranche in new US CLO
5 years ago
Sound Point Capital Management produced a market first on Friday by splitting a single A-rated CLO into senior and junior tranches -
Morgan Stanley IM prices debut CLO after $50 million upsize
5 years ago
Morgan Stanley Investment Management priced its debut CLO on Friday, becoming the 14th first-time CLO issuer in the US market of the year -
US loan trading: CLO managers on cloud nine after Ultimate Software allocations
6 years ago
CLO managers took down about 27% of Ultimate Software's loans in April, when the cloud operator issued its $2.3 billion first lien term loan due 2026, according to CLO-i -
HPS shakes things up with first three-year CLO
6 years ago
HPS Investment Partners has shaken up its CLO reinvestment strategy to price its first short dated-deal -
US CLO league tables: Octagon and Citi lead the way
6 years ago
April was the busiest month yet in the US CLO market this year with $16.42 billion in transactions, beating February by around $500 million. -
US CLO league tables: heavyweights dust off and jump back in the ring
6 years ago
Competition has prevailed after a tough quarter for the CLO market, in which banks offloaded their carry-ons from last year -
Carlyle leads CLO count as it prices third deal of year
6 years ago
With US CLO 2019-1, Carlyle prices its first new US deal after a reset and a new issue in Europe -
Global CLO league tables: new year, new issues
6 years ago
Momentum in the CLO market at the start of 2019 is less forceful than it was at the beginning of 2018 and 2017, on the basis of opening volumes -
US CLO round-up: it's a slow start, but at least we have a benchmark as 42 deals fill pipeline
6 years ago
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. -
Carlyle scores 2019's tightest print to date with 2015 CLO reset
6 years ago
Carlyle has scored the tightest five-year triple A print of 2019 to date, following its reset of Carlyle GMS 2015-5 via Citi -
Octagon prices 2019's first reset as Nomura begins to fulfil CLO promise
6 years ago
Octagon Credit Investors has teamed up with Nomura to reset 2014’s Octagon Investment Partners XXI for five years additional reinvestment -
AMMC resets 2016 CLO with triple As printing at 126bp
6 years ago
American Money Management Corporation was back in the CLO primary market yesterday, hiring Mizuho Securities to reset of AMMC CLO XV
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