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Zais returns to CLO primary market with one-year deal
5 years ago
Zais Group has made its CLO primary market return, teaming up with RBC to price a 1.12-year reinvestment deal via RBC -
US CLO spreads set to tighten across the stack as CIFC targets 170bp triple A print
5 years ago
CIFC Asset Management is marketing its first new issue CLO of 2020 with price talk for the triple A notes pointing to a print of around 170 basis points - a new market tight since the coronavirus pandemic began -
Who’s got the moves US: oil and gas leads renaissance for US CLO managers
5 years ago
The US leveraged loan market has held steady over the last two weeks. After rising to just below 87 of par in mid-April, the S&P LSTA US Leveraged Loan index closed at 85.75 to start this week -
Who’s got the moves Europe: CLO managers enjoy climb of Everest
5 years ago
The European S&P/LSTA Leveraged Loan index enjoyed a strong month in April as it rose from 83 of par on 1 April to 89.2 by the end of the month. The index closed at 89.4 on 4 May to start the week -
Redding Ridge and Natixis reunite for second new CLO in a month
5 years ago
Redding Ridge Asset Management, the CLO manager affiliated with Apollo Global Management, has priced its second CLO of the month, becoming the fist manager to issue two new transactions following the coronavirus selloff in March -
OC health check: another two CLOs fail senior OC tests
5 years ago
Two senior overcollateralisation test failures number among 26 deals joining the list this week of CLOs breaching their OC tests in April, according to the latest trustee reports on CLO-i. -
US pension gains 6.5% in three days after putting $350 million into credit
5 years ago
Marathon, Waterfall, ArrowMark and Columbia were allocated $350 million from a US pension for structured credit, Talf and high yield mandates -
Who's got the moves US: Carlyle leads as $3.7 billion of CLO loans recover
5 years ago
CLOs were exposed to $833.4 million worth of paper in the 10 term loans that suffered the largest price falls last week. But CLOs also had exposure to $3.67 billion of loans that recovered the most over the seven days. -
Carlyle revives amortising euro CLO with upsized capital structure
5 years ago
Carlyle Group has reset a CLO in the middle of its amortisation period, giving a new lease of life to the deal named Carlye GMS Euro CLO 2015-1 -
Carlyle and Natixis prepare European CLO reset
5 years ago
Carlyle Group is poised to reset one of its European CLOs for another 4.5 years of reinvestment, according to market sources -
Mid market deal flow picks up as Antares prices $400 million CLO
5 years ago
Middle market CLO formation has picked up with Antares Capital pricing a $400.8 million yesterday to mark the ninth transaction since the start of November -
Churchill splits double Bs for first mid market CLO in two years
5 years ago
Churchill Asset Management has priced its first middle market CLO of the year in a transaction which underlines how lower-rated CLO debt tranches are increasingly being carved up into senior and junior pieces -
PennantPark makes CLO market debut amid fundraising spree
6 years ago
PennantPark Investment Advisers, a New York-headquartered direct lending firm, yesterday priced its first ever CLO, becoming the US market’s eighth debut manager of 2019 -
Euro trading: Vue proves to be leading light for CLOs, but liquid bonds play crucial support role
6 years ago
Vue International's newly issued loan starred in 25 CLO managers' portfolios, which bought €239.4 million of the loan in June and made it a box office hit among CLO managers, according to CLO-i. -
Bain scores tight print as it prices second middle market CLO
6 years ago
Bain Capital has priced its second CLO backed by loans to middle market companies named BCC Middle Market CLO 2019-1 -
US CLO round-up: summer blues don’t weigh on the issuance parade
6 years ago
Summer is shining on US CLOs as $3.8 billion worth of activity entered the market last week. The flow brought four new deals (including one middle market deal), one reset and two refinancings. -
DFG prices first CLO since management reshuffle
6 years ago
DFG Investment Advisers yesterday priced a $368.05 million reset of its 2016 CLO named Vibrant IV, according to market sources -
From pricing to close in just two days: Trinitas moves rapidly for latest CLO
6 years ago
Trinitas Capital Management priced a new CLO yesterday, and plans to close the deal tomorrow in one of the fastest turnarounds for a standard two-year non-call, five-year reinvestment deal -
Anchor equity in 2018 CLO reissue fails to trade in secondary market
6 years ago
The anchor equity piece of Anchorage Capital’s 2018 reissue, Anchorage CLO 5-R was up for grabs yesterday on a b-wic seen by Creditflux -
US CLO league tables: CSAM dominates globally but Octagon takes US lead
6 years ago
Octagon Credit Investors clinched the top spot in the US broadly syndicated loan CLO market by a mere $129,000 from Credit Suisse Asset Management. -
BMO makes rare CLO appearance with mid market deal
6 years ago
Greensledge has helped BMO Asset Management price its first middle market CLO since 2015 -
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 -
First Eagle prices refinancing of middle market CLO
6 years ago
First Eagle saves big on triple Bs as part of refinancing -
US CLO round-up: floodgates open in land of the giants
6 years ago
The CLO market is starting to look like its old self again as deals came rushing in this week with eight new deals and one reissue and one reset pricing, totalling $3.77 billion.
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