Trio of Euro resets reinforce tightening trend as CVC revisits 175 AAs
CVC and Onex both printed resets with triple As at 130, while Sculptor upsized its latest print to a target par of EUR 450m

New Euro issuance returns with a flourish as HPS, Brigade and Palmer Square price deals
European managers are well and truly back from summer holidays, with three new CLOs printing on Wednesday – the first new European issues to price in four weeks

Five Arrows resets CLO with EUR 100m equity injection for first 2025 print
The EUR 476m transaction repriced a CLO last reset in 2018, and saw total equity boosted to EUR 142m

Hayfin prices wide of AAA benchmark with first Euro deal for 2025
The manager last issued a European CLO in December last year

Canyon resets debut Euro CLO
The 2023-vintage deal was repriced after two years, with the overall cost of debt lowered by more than 60 basis points

HPS undertakes second reset and renaming of 2017-vintage Euro CLO
The deal takes the manager’s total European issuance for the year to over EUR 1.2bn

KKR prints tight with its triple As in new European issue
The manager’s first new issue of 2025 saw strong demand for its triple As, but reflected a broader widening trend in the lower mezz  

Bridgepoint prints first new European CLO of 2025
The vanilla deal follows an earlier reset from the manager in January  

HPS, Capital Four print 2019-vintage Euro resets
Both deals widened spreads on their triple As and increased their overall cost of funding as part of the repricings  

Blackstone kicks off Euro CLO issuance program for 2025 with tight new issue
Manager's Ravensdale Park CLO priced as the second-tightest European deal so far this year  

Bain markets new CLO with price talk at fresh European AAA tights
Hot on the heels of a new year-to-date triple A tight for European CLOs, Bain Capital Credit is attempting to drive spreads even lower  

New CVC issue cuts Euro AAA tight by two basis points
CVC’s first new Euro deal of the year priced triple As at 120, two basis points inside the previous low – but its overall cost of funding remained slightly wide of the tightest for the year

UBS prices first new US issue for 2025 close to current AAA tight
The USD 604m deal saw the senior triple-A paper paying 114bps over SOFR  

Fidelity tightens up with first Euro CLO reset of 2025
The repricing set a new year-to-date triple-A tight for European resets of Euribor plus 123bps  

HPS achieves sub-120 AAA spread deals with new US CLO
Having already printed new European and private credit CLOs in 2025, HPS priced its first new US BSL deal of the year  

Ares snatches tightest cost-of-funding crown by slimmest of margins
Ares’ first new European deal of 2025 equalled year-to-date spread tights for every tranche  

Bain and CVC are marketing new European CLOs looking to price next week
Price talk is circulating for two new European CLO issues from Bain and CVC, both valued at around EUR 405m and arranged by Jefferies  

HPS and Palmer Square CLO AAAs hit 125 in Europe
The two new-issue deals that priced last week were among the tightest to price since the start of the year

CLO market round-up: 20 - 24 Nov 2023
Thanksgiving or not, last week was a banner week for middle market CLO deals, with no fewer than five pricing

Hayfin prices short-dated CLO
After a quiet year in the primary market Hayfin Capital Management returned last week with a short-dated European CLO

CLO market round-up: 13 - 17 Nov 2023
Who said it was a slow market in Europe? Pricing action in the primary European CLO market put paid to that notion over the past week with a trio of European deals pricing, including two debuts.

BNP Paribas prices new European CLO as senior prices settle at 170bps
Activity in the European CLO market continued to pick up this week with the printing of a new deal for Spire Partners. 

KKR goes static for latest European CLO
KKR has priced a new static European CLO, arranged by Morgan Stanley

Direct lenders grab larger share of loan market despite fundraising slowdown
With Debtwire’s European direct lending conference in London next Thursday, we speak to market participants about the dynamic between European syndicated loan market and direct lending

Beneath the triple C: Life could be better, but it’s just a letter, under the CCC
Many market participants were eagerly looking forward to a break in December after a gruelling year, but the rating agencies were in no mood to oblige.