Carlyle tightens its CLO triple A print over 10bp in one month
Carlyle Group has priced a new CLO via Goldman Sachs, and in the process tightened its triple A print over 10 basis points from its previous new issue in April

CLO rankings: manager AUM, advisory firm and trustees Q1 2023
Two acquisitions close to shake up the top and Dechert takes early lead over Milbank in manager counsel rankings

Tranches go subject as Carlyle readies first new US CLO in six months
Carlyle Group is readying its first new US CLO of the year and the deal's senior triple A notes went subject at Sofr plus 190 basis points

CLO market turns international as new investors land
The global CLO market attracted new investors over the first quarter of 2023, according to market sources, while others have moved across the capital stack or into different regions than those to which they have been accustomed

US CLO pipeline: Spreads and tenors disperse as six managers eye new issues
Dispersion has come to the fore in the US CLO market with higher tier managers able to price their triple As in the 180-185 basis points range and others up around 200bps. But this week’s pipeline shows there is some divergence in the length of CLOs coming to the market too

CLO market needs a deeper investor base, conference hears
CLOs are toughing through the fallout from this month's banking crisis, but speakers at Creditflux's CLO Investor Summit in New York on Wednesday bemoaned that the market's investor base is lacking depth

Carlyle liquidates European CLO warehouse as Credit Suisse exposure drops to zero
Carlyle Group has become the latest European CLO manager to liquidate its warehouse with Credit Suisse, according to sources, leaving the bank with no European CLO warehouse exposure

Large CLO investor sells three post-reinvestment anchor equity positions
Three control equity positions were on sale on Thursday at 9am EST (2pm GMT) in the same list. The bwic listing was made up of three 2017 US CLOs, all of which are post-reinvestment and have not been reset in the years since

CLO M&A hits new heights with anticipated Assured deal
Last year saw a record M&A volume centred on credit asset managers, with a study by Gapstow revealing the total assets under management of acquired firms was $326 billion, compared to $140 billion in 2021.

Loan amendment alert: Wellpet offers 10bp CSA
Wellpet has issued a loan amendment request with a view to including a 10 basis points credit spread adjustment (CSA), market sources say. Although this is an improvement on recent amendments it still falls short, according to CLO investors.

CLO rankings: manager AUM, advisory firm and trustees Q4 2022
As 2022 draws to a close manager consolidation through mergers and acquisitions have been balanced out by new market entrants to leave roughly the same number of managers that entered the year, at least for now.

Beneath the triple C: Winter is coming for CLOs as downgrades outstrip upgrades
Both US and European issuers have felt downward pressure from the rating agencies as we head towards the end of the year, with downgrades to triple C now firmly outpacing upgrades out of it.

Structured credit pair among 61 to earn promotion at Carlyle
Carlyle has promoted two members of its US CLO team among 61 new partners and managing directors 

Beneath the triple C: Stormy October hits CLOs with rising tide of downgrades
After a slight respite in the pace of downgrades over the summer for CLOs, October brought renewed momentum as macro-economic pressures - primarily high interest rate burdens for corporate borrowers and supply side inflation - became the recurring rationale

US CLO league tables: Usual suspects keep market rolling as Citi moves within $1 billion of BofA
October experienced $7.1 billion of US CLO issuance with over half of that priced by the managers that occupy one to eight in the US CLO new issue league tables

Carlyle and Octagon bring first reinvesting US BSL CLOs since 19 October
Carlyle Group and Octagon Credit Investors each priced a new US CLO on Friday, bringing the first reinvesting transactions backed by broadly syndicated loans to the market in nine days

Carlyle scores 225bp triple A print on new CLO due Friday
Carlyle Group has secured a 225 basis points triple A print on its new CLO named Carlyle US CLO 2022-6, which is expected to price on Friday

Blackstone leads key category as investors lash out at loan settlement by fax: CLO Census latest
CLO market participants have voted for the three most prolific US CLO issuers as the ones to have taken greatest advantage of credit volatility this year, according to the latest updates from the Creditflux CLO Census. There are just hours left to add your voice if you have not already done so, with the Census set to close later today

US CLO pipeline: MidOcean and Seix look to end three-year drought as others rock and reload
14 US CLO managers are in various stages of marketing their latest offerings, with a wide scope of names for investors to choose from

Euro CLO league tables: elements combine to give Redding Ridge new issuance lead
Do you remember, the 16th night of September? What a time to be a European CLO manager... 

Europe welcomes four new CLOs in a day after nothing for one month
No issuance to speak of in a month, and then four CLOs come along at once 

Four Euro CLOs emerge with target pricings as early as tomorrow
According to the latest marketing blasts, WhiteStar is targeting pricing tomorrow, Palmer Square and Cross Ocean are aiming for ‘as early as’ tomorrow and Five Arrows will aim for early-to-mid next week

15 CLO managers aim to print European deals as 'aspirational pipeline' forms
European CLO market participants are doubtful the pace of issuance will return to full swing in September, despite a reasonably healthy forward-looking pipeline.

Secondary CLOs stand firm as credit markets take a hit
Macro weakness is seeping into credit with CDS indices gapping wider and US loans suffering a setback after dropping below 95 points this week. Traders say the CLO secondary market has reflected this turn in sentiment, with did-not-trades racking up – although spreads have held up better than other parts of the credit market

CLOs keep eyes glued to screen as Cineworld previews possible chapter 11
Cineworld, the UK-based cinema giant, has announced that a chapter 11 restructuring is among the options it is considering, in response to recent media speculation about a possible default