Napier Park sees tightening across the board with latest US CLO refi
Napier Park Global Capital priced a full refinancing of a 2019-vintage deal on Thursday in a deal arranged by BNP Paribas

Napier Park prints tightest Euro refi of the year
Last week saw Napier Park refinance a European CLO from the first half of 2022, recording the tightest print for such a deal in 2024

Napier Park goes big for third new Regatta CLO of 2024
Napier Park Global Capital has priced Regatta XXIX Funding, a US BSL CLO which saw a USD 100m upsize

Napier Park refinances top of stack of 2018 vintage CLO
Napier Park Global Capital on Thursday refinanced the four most senior tranches of Regatta XIII Funding, a US BSL CLO from 2018

Napier Park US BSL CLO from 2018 gets reset
Napier Park, working with Nomura as the arranger, has reset a US BSL CLO from 2018

Napier Park refinances a reissue
Napier Park yesterday came to market with its eighth deal of the year – a  partial refinancing of its US CLO Regatta XIV Funding

2017 vintage CLO is reset by Napier Park
Napier Park reworked one of the older deals in its current portfolio this afternoon when it priced a reset of Regatta X Funding

Napier Park refis top of structure of Regatta XV
Napier Park on Thursday refinanced the top three debt tranches of Regatta XV Funding, a US BSL CLO 

Napier Park resets its second 2017 vintage this month
Napier Park on Friday reset Regatta VIII Funding, a 2017 vintage US CLO. It’s the second reset this month of a Napier Park deal from that year.

Napier Park prices first European new issue CLO of the year
Priced this afternoon, Napier Park’s third deal of 2024 marked its first European offering this year – a new-issue CLO valued at EUR 456.9m, arranged by Natixis.

Napier Park resets 2017 vintage
Napier Park Global reset its Regatta IX Funding yesterday according to market sources, adding four tranches and a fixed-rate coupon

Napier Park prices second US new issue CLO this year
Napier Park Global Capital priced Regatta XXVIII at the end of last week, a USD 405.20m new issue BSL CLO

Napier Park gets on board US CLO renaissance
The strong run of new US BSL issues was bolstered further at the end of last week by Napier Park Global Capital, which priced its latest deal, Regatta XXVII Funding, via Société Générale

Regatta is back in the race with new CLO print
Nomura arranged a new Napier Park Global Capital CLO on Tuesday, titled Regatta XXVI Funding

Napier Park prints first new US CLO in 12 months with triple As at 190bp
Napier Park Global issued a new CLO on Wednesday, the first US new issue from the manager in just over a year

Banking volatility seen as opportunity for CLO managers
The CLO investor community gathered in New York in March to discuss the best strategies for managing through the volatility stemming from the regional banking crisis

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.

Loan managers must act to prevent CSA leakage, say CLO investors
CLO investors have made clear that managers need to stay on top of US loan amendments that are switching benchmark from Libor to Sofr

Euro CLO league tables: Final whistle beckons in close manager race as Jefferies looks to park the bus
Last month, just shy of €3 billion of European CLO paper was priced in the primary market, the most since March and Russia’s war with Ukraine

Napier Park prints static European CLO
Napier Park has opted to print a static CLO. The €282 million deal has a one-year non-call period.

What matters is what you do with it
CLO managers yearn for flexibility so they can take advantage when credit sells off. But it isn’t enough on its own: triple C-flex CLOs saw portfolios erode this year, while CBOs outperformed

Fund performance: August provides much-needed relief for CLO funds
.August fund performance 

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.

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