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

HPS issues new BSL CLO with AAAs at SOFR plus 115bps
The second deal from the manager so far this month printed with triple-A coupons 3bps tighter than the first  

Partners Group prints second US BSL deal in Pikes Peak series this year
Partners Group opened November with the pricing of Pikes ​Peak CLO 17, the first US BSL deal for the manager since May

Elmwood resets ‘fat’ triple-B CLO
Elmwood Asset Management has reset a US BSL deal now called Elmwood CLO 36, although it was previously a 2021-vintage CLO named Logan II

Silver Point prints another new US BSL CLO
Silver Point and Morgan Stanley have priced Silver Point CLO 5, the second new BSL deal this year from the manager

Ares resets half-billion dollar 2021 vintage CLO
Ares Management reset Ares LXI CLO today, a 2021 vintage US BSL deal arranged by Nomura

European CLO equity distributions keep getting better, US keep getting worse
The latest distributions for post-reinvestment US CLOs show the impact of rapid prepayment rates, but post-reinvestment European CLOs are bucking that trend and seem to be improving with age.

CLO market mood sours amid bitter economic outlook

Oaktree prints new US CLO while Deerpath resets mid-market deal
The US CLO market has added to its June transaction tally, with Oaktree Capital pricing a new issue while Deerpath Capital Management reset a 2018 vintage mid-market deal

CIFC, Generate and Monroe secure combined $1.3 billion CLO resets
CIFC Asset Management, Generate Advisors and Monroe Capital each reset a CLO on Monday with the three deals amounting to $1.34 billion

US CLO pricing lab: expensive legacy deals take priority as two-three year point on term curve tightens
The US CLO market may have gapped out in recent weeks, but expensive 2019 and covid-era CLO refis and resets are still in the money

Partners prints its largest CLO in over two years
Partners Group has priced its largest new US CLO in over two years, teaming up with Credit Suisse to print the deal

Carlyle notches 10th US CLO transaction of 2021
Carlyle Group teamed up with Barclays on Tuesday to reset Carlyle GMS CLO 2016-3

Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources

PineBridge prints $460 million refi of 2013 CLO
PineBridge Investments priced a $459.2 million CLO refi via Royal Bank of Canada on Wednesday

Global CLO trading lab: Octagon CLO comes out top in CLO double B spike
Double B-rated bonds made up 40% of the European and US CLO secondary markets last week. $222 million of US CLO double B bonds were on sale and a further €105 million of European CLO double B items were listed

AIG prints rare three-year reset of comeback CLO
AIG teamed up with Credit Suisse on Friday to print a rare three-year CLO reset of its comeback transaction from 2018

Refis price on top of new issues as four managers print US CLOs
Four US CLO refinancings priced yesterday, giving the impression that CLO pricing is fitful and the term curve flat

Beneath the triple C: downgrades hold steady as Travelport loses its luggage
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 triple A CLO spreads tighten 90bp on month with GoldenTree new deal
Goldentree Asset Management today priced its first CLO following the covid-19-triggered market dislocation, scoring the tightest print of the new era in the process

GoldenTree enters primary CLO market after amassing $315 million of loans
GoldenTree Loan Management is 70% ramped on a new US CLO, according to market sources.

Beneath the triple C: $31.6 billion of CLO credits feel downgrade pain
March madness took a toll on CLOs as Moody’s and Standard & Poor’s downgraded 4.25% of the portfolios in the US and 1.84% in Europe to triple C or below in just one month (some of these were already triple C rated, only to fall further).

Rockford Tower dashes out second CLO refi in three weeks
Rockford Tower Capital Management has priced its second CLO refinancing in three weeks as CLO managers rush to refinance their 2017 transactions

Bridge markets fourth CRE CLO
With three prior deals outstanding, Bridge Investments last visited the market in December

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